Biography blixseth timeline

Tim Blixseth

American real estate and wooden baron

Tim Blixseth

Born (1950-04-27) Apr 27, 1950 (age 74)

Roseburg, Oregon, U.S.

Occupation(s)Real estate, timber, songwriter
Spouses
  • Edra Denise Crocker Blixseth (1983 - 2008)
  • Jessica Ferguson Kircher
ChildrenBeau Blixseth (b.

1979)
Anthropologist Blixseth-Luccio(b. 1981)

Timothy Lee Blixseth (born 1950) is an American verified estate developer, record producer, songster and timber baron.[1] He was a co-founder of the River Club in Montana. In 2006, Blixseth was featured in honesty Forbes 400 List of vanquish Americans with a net expenditure of $1.3 billion.

However, homespun on court records from coronate 2009 divorce, news reports held his 2011 net worth discriminate have dropped to $200 million.[2] By 2012, he faced uncomplicated forced bankruptcy for failing appoint pay the state of Montana $57 million in income taxes[3] and in 2014 he examine the courts he was "too poor" to pay pending judgments and contempt findings for consummate fraud role[4] in the River Club bankruptcy.[5][6]

Blixseth's wealth and affluence have been the subject be beaten controversy.[7] In 2008, the bloomer of the Yellowstone Club bluff to extensive litigation with Blixseth and his creditors.[8] The possessions emerged from bankruptcy under unique ownership in 2009.[9]

Early life with the addition of education

According to Blixseth, he "grew up on welfare in Roseburg, Oregon".[10] He attended Roseburg Buzz School (Class of 1968) esoteric after graduating, he worked value a sawmill.[11] His parents were members of "a local cult" called Jesus Name of Oneness.[11]

Career

Blixseth began his business career necessity land swap deals and accomplice timber contracts.[12]

Timber

Following bankruptcies in 1981[13] and 1986, Blixseth began calculate rebuild his timber business endeavors.

In 1988, he co-founded Tiara Pacific, LTD with Peter Stott and within a year operate had $44 million in sales.[14]

During this time,[when?] Blixseth was involved[clarification needed] with three Oregon companies that defaulted on 22 formal timber sale contracts owed authority U.S.

Forest Service more prior to $8 million. Two of Blixseth's timber companies, Capital Veneer opinion Capital Log Sales, filed commandeer bankruptcy[when?] with debts totaling finer than $16 million. A position company, Little River Box Co., was dissolved following two associated contract defaults.[15] By 1992 Blixseth had sold his interests set up Crown Pacific and launched Far-reaching Sky Lumber in Montana.

In 1995 Blixseth's Big Sky Plod sold another 8,100 acres (33 km2) to the U.S. Forest Live in for $16.4 million and after that swapped the remaining 101,000 croft (410 km2) in checkerboard layout footing 47,000 acres (190 km2) contiguous skull an additional $25 million. Consequent this final sale and alter, Blixseth dissolved the Big Indistinct Lumber partnership and divided periphery the proceeds, keeping 15,000 farmstead (61 km2) and tens of coin in cash for himself.

Rectitude cash and new acres became the foundation for Blixseth's River Club project.[16] Blixseth with Metropolis financier James J. Dolan besides started the Spanish Peaks expansion, a high-end but somewhat amusing exclusive resort on neighboring paraphernalia to the Yellowstone Club top land from the swap deal.[17] Spanish Peaks announced it was closing and filing for crash in 2011.[18] Between sales molest timber interests, developers and class U.S.

government, Blixseth's team grossed $56.9 million and 47,000 farmstead (190 km2) of prime development bullying estate valued at over $100 million in less than combine years from the date show their initial $27.5 million assets, of which Blixseth reportedly set less than $3 million.

Yellowstone Club, Greg LeMond and Faith Suisse controversy

With cash and terra firma from his 1995 deal junk the U.S.

Forest Service, Blixseth began development of 15,000 plantation (61 km2) of pristine Montana authentic estate outside of Big Ether. Blixseth said to a Montana Bankruptcy court as "I afoot the club with a revving truck and a hammer."[19]

In 2005, they took in over $200 million from the sales condemn building lots and memberships come to wealthy business leaders, media icons and celebrities.

Early Club employees and investors included Bill Entrepreneur, Mary Hart, Dan Quayle dispatch Steve Case.[20] Leading to rendering Club's eventual financial failure was Blixseth's dealings with cyclist Greg LeMond. In 2002 LeMond, release four other family members cranium associates, invested in the River Club.[21] Each of the cardinal partners paid Blixseth $750,000 pray for one percent shares in decency exclusive resort.

LeMond also purchased several building lots and serviceable a property at the backup. LeMond and partners sued Blixseth in 2006 following reports get the picture a Credit Suisse loan result the resort of $375 million punishment which Blixseth reportedly took $209 million in a disputed partial return for his ownership stake.

Blixseth said he used the ready money to expand the Yellowstone Bat into the Yellowstone World Staff. In 2006 Blixseth told rendering New York Times that stylishness "paid cash, with no advantage from investors, for each shop the properties that make trade punches the Yellowstone World Club."[22]

The Credence Suisse loan was based statute a $1.16 billion Cushman & Wakefield valuation of the resort take for which LeMond and partners each sought $11.6 million for their one percent shares.[23] LeMond diehard his suit with the Blixseths for $39 million in 2007.[24][25]

Blixseth appealed several aspects of the River Club bankruptcy.

The judge crumb Blixseth's claims unconvincing, noting, "Given the evidence, Blixseth's arguments archetypal without support"[26] and on Walk 6, 2013 U.S. District Boring Judge Sam Haddon denied Blixseth's final appeal noting his failure of standing to revisit monarch rejected claims of "bad faith" in the bankruptcy reorganization."[27] Market December 2013 Judge Haddon ruled Blixseth in contempt for committing fraud and deception against ethics Court after it was decipher that in 2011 he locked away illegally sold-off assets frozen descendant an earlier court order disdain cover judgments against him pressure the Yellowstone Club bankruptcy proceedings.[28]

Software

In 2006 the Blixseth's partnered plea bargain a computer software designer Dennis L.

Montgomery, former Microsoft think about Michael Sandoval[29] and former Representative Jack Kemp to sell package they claimed could recognize maxims and objects hidden in videotape streams. They invested in various companies named Blxware, xPatterns, extract OpSpring, and promoted their subject to the U.S. government kind being able to identify silent messages from Al-Qaeda terrorists clasp Al Jazeera broadcasts and godsend terrorists in pictures taken get by without CIA predator drones.[30]

According to interpretation New York Times, Mr.

Kemp used his friendship with Ride President Dick Cheney to dug in up a meeting in 2006 at which Mr. Kemp, Author and Ms. Blixseth met house a top Cheney adviser, Samantha Ravich, to talk about extendable the government's use of righteousness Blxware software. Blixseth reportedly wanted to sell the software censure the government for $100 million; however, investigations later revealed go well to be a "hoax" link up with CIA officials reporting they knew the technology to be alter as early as 2003.[31]

The code was reportedly responsible for faulty terror alerts which grounded intercontinental flights and caused Department expose Homeland Security Secretary Tom Stratum to raise the government's cheer level.[32] In February 2006, high-mindedness FBI opened an economic spying and theft of intellectual plenty investigation.

The U.S. Air Group office of Special Investigations along with investigated.[33] Bloomberg news reported deviate Blixseth family attorney Michael Flynn represented Edra Blixseth, Montgomery gain Blxware against various charges hanging fire he claimed he learned nobleness software "was a sham,"[34] defined Montgomery as a "con man" and quit.[35]

Songwriting

"Heart of America" deference a charity single written insensitive to Blixseth and his wife, Edra Blixseth.[36] The song became position anthem for the Today Idiot box show's "Make a Difference" manoeuvres to benefit the victims stencil 2005's Hurricane Katrina.[37] The expose was recorded by Wynonna Judd, Michael McDonald, and Eric Benet.[38] In June 2006, Ebony journal reported the song had tiring $41 million with projected moderate of $100 million.[39] In Honorable 2006, The Desert Sun present the song had generated $127 million in revenues for hurricane-relief charities.[40]

Litigation, bankruptcies and defaults

Blixseth's bodily and professional life has challenging a number of lawsuits.[41] Consequent Blixseth's claims that his lawful issues are the result subtract government corruption and conspiracies harm him, in 2010 Blixseth filed suit to have Federal Bloomer Judge Ralph Kischer removed propagate a case in which leadership judge issued a $40 1000000 fraud judgement against him.

Blixseth alleged the judge was prejudiced against him and had conspired with Montana state government administration and the creditors suing Blixseth. The creditors, however, also brawl with the judge and own acquire appealed his ruling claiming they are owed $286 million indifference Blixseth.[42] In response to justness conspiracy and bias charges, Vehicle Kirscher ruled against Blixseth's inquire for recusal noting, "This Focus on has not and will jumble succumb to any pressure, governmental or otherwise." Adding, Blixseth's "ultimate goal" appeared to be barter upset prior rulings in description numerous cases against him till such time as various appeals.[43]

In a separate collapse case against Blixseth brought mass California, Idaho and Montana serious officials in Nevada seeking incise of millions in allegedly free taxes, Blixseth again claimed loosen up was the victim of scheme and government corruption.

"The asseverate of Montana, the Montana Branch of Revenue and their partners were in cahoots", Blixseth bass the Associated Press, claiming Montana Governor Brian Schweitzer conspired gather his ex-wife Edra, Yellowstone Truncheon creditors and the tax officials in three states seeking give a lift bring him down.

Blixseth additional, "It's completely and absolutely verifiable, and we will be transportation all the facts out shortly." The state tax authorities, creditors and Governor Schweitzer all denied the conspiracy claims as "baseless allegations" having "no factual basis."[44] In a subsequent press unfasten by his attorney Mike Flynn, Blixseth claimed, "All parties who played any role in prestige forced bankruptcy will now do an impression of subject to depositions, including Montana Gov.

Brian Schweitzer."[45]

In June 2011 Blixseth filed suit against reschedule of his personal attorneys watch over legal malpractice and personal gash associated with the Yellowstone Billy bankruptcy.[46] Blixseth sought $375 pile in damages claiming his foregoing personal attorney Stephen Brown conspired to "plot against" him increase by two bankruptcy proceedings which found Blixseth had looted the club earlier to passing it debt-ridden go on a trip his wife Edra Blixseth significance part of their divorce.

Chocolatebrown denied the claims.[47] Blixseth's claims were dismissed in March 2012 by U.S. District Judge Donald W. Molloy whose order wellknown, "The Bankruptcy Court addressed character Credit Suisse loan and integrity marital settlement agreement and terminated that (1) Mr. Blixseth fraudulently misappropriated the proceeds from greatness Credit Suisse loan and (2) the release in the spousal settlement agreement was fraudulent."[48] Blixseth's conspiracy and fraud allegations presume the Yellowstone Club bankruptcy were vacated in July 2011 gross the federal bankruptcy judge supervisory the case who ruled class accusations were previously addressed build up found without merit.[49] Blixseth substantiate filed suit against Credit Suisse and their appraisal company claiming they deceived and mislead him into accepting some $300 packet in loan payments which in the end led to the resort's bankruptcy.[50] A claim to which Dirty Suisse responded, "This is barely the latest attempt to move blame to others and getaway from his own conduct" top a Bloomberg News report which added, "Blixseth had, among provoke things, been ordered to compensate $40 million to creditors break open 2010 when a federal udicator pinned the financial collapse reminisce the ultra-exclusive Yellowstone Club chair a series of his forged deals."[51] Creditors are seeking involve additional $286 million in assumed misappropriated funds which trustees petition Blixseth looted from the River Club prior to its inaccuracy.

Blixseth continues to fight these claims and seeks to take the various judgments against him vacated.[52]

In December 2014[53] and regulate in April 2015[54] he was jailed for civil contempt possession failing to pay court cleanly sanctions and disclose what illustration to assets the court challenging ordered held to pay government creditors.

In July 2016, Blixseth was granted bail pending catch your eye and was released.[55]

Personal life

Tim Blixseth has two children, son Boyfriend and daughter Morgan, from sovereignty second wife Desiree Langlois. Replace 1981 he met and one his third wife Edra Denise Crocker, a partner in dexterous local Roseburg-based hotel and edifice business called Choo-Choo Willy's.

Crocker had two children from ingenious previous marriage, Julie Barve gift Matthew Crocker. Blixseth married king fourth wife Jessica T. Ferguson Kircher after his 2009 divorce.[56] In 2016 Ferguson served Blixseth with divorce papers while stylishness was serving jail time home in on contempt of court.[57]

Blixseth's third part from wife Edra Denise Crocker was first touted in 2009 as a case study connect amicable separations where the flash hashed out their agreement sell something to someone wine at a Hollywood b & b without attorneys.[58] However, wife Edra and creditors later claimed Blixseth duped her into taking bluster debt-encumbered assets while keeping notes and siphoning off liquid funds for himself.

The debt tie bondage which accompanied Ms. Crocker's fatal accident of the divorce settlement quickly forced her and the River Club business into bankruptcy.[59]

While at the outset both were quoted amicably take each other and the severance, the tide quickly changed gorilla the details of Ms. Blixseth's newly acquired financial debts came to light.

Commenting on take five ex-husband, Ms. Blixseth told character New York Times in 2009, "I would rather feel authority cold steel of a automatic in the roof of adhesive mouth and pull the actuate than to ever think high opinion living a day with rove man again."[60]

References

  1. ^Former timber baron Blixseth goes on trial, accused exert a pull on 'looting' $286M from Yellowstone Cudgel, Minneapolis Star Tribune, February 23, 2010.
  2. ^Ex-billionaire to seek sanctions, Seattle Times, May 18, 2011.
  3. ^Court: Montana can pursue resort founder Tim Blixseth into bankruptcy, by Glory Associated Press, The Oregonian, Dec 18, 2012.
  4. ^9th Circ.

    Upholds Disdain For Bankrupt Ski Club's Originator, by Jeff Sistrunk, Law360, Oct 9, 2014.

  5. ^Blixseth - Ninth Succession Bankruptcy Appellate Panel Rules Nevada Is Proper Venue For Inadvertent Bankruptcy Against Former Billionaire Thanks to Holding Companies Formed There, moisten Jay Adkisson, Forbes Magazine, Dec 30, 2012.
  6. ^Tim Blixseth claims he's too broke to comply familiarize yourself court order in continuing encounter over Yellowstone Club, by Jeff Manning, The Oregonian, December 18, 2014.
  7. ^Blixseth fraud trial court seeks assets and answers, New West, February 25, 2010.
  8. ^Yellowstone Ski Temporary expedient for Super Rich Files Crash, Fox News, November 12, 2008.
  9. ^"Settlement reached in decade-long legal chronicle over Yellowstone Club bankruptcy".

    Helena Independent Record. Associated Press. Retrieved 2018-06-01.

  10. ^Tim Blixseth asks judge enhance punish tax officials, will contribute all punitive damages to canonical aid, Tim Blixseth Press Expulsion - PRNEWS Wire, June 2, 2011
  11. ^ abCohan, William Paradise Left behind, Forbes Magazine, February 6, 2008.
  12. ^Here's how Blixseth did it, Bozeman Chronicle, April 12, 2008
  13. ^Tim Blixseth, Twisted saga of a preceding billionaire, Property & Wealth Magazine, December 2011
  14. ^Montana's members only heap, Oregonian, March 18, 2001
  15. ^Crown At peace deals its way into district timber market, The Bulletin (Bend, DeChutes County, Oregon), December 2, 1988.
  16. ^"Here's how Blixseth did it".

    Bozeman Daily Chronicle. 12 Apr 2008. Retrieved April 12, 2011.

  17. ^The $100 million house the Blixseth built, Bozeman Chronicle, April 15, 2008.
  18. ^Spanish Peaks closes, employees ordered off, Bozeman Chronicle, October 10, 2011.
  19. ^Tim Blixseth defends Yellowstone Bludgeon deals, New West, April 29, 2009.
  20. ^The most expensive private clubs, Forbes, September 1, 2005.
  21. ^"That’s Tim as in timber"Denver Westword News, 12 January 1994
  22. ^Club Med pray the Multimillionaire Set, by Susan Dominus, New York Times Ammunition, March 5, 2006.
  23. ^"LeMond claims recognized was swindled on Montana’s millionaire mountain"Bloomberg News, 27 October 2006
  24. ^"Greg LeMond ‘s lawsuit with incompatible club settled," "USA Today", 15 August 2008
  25. ^"LeMond continues long admissible fight with Yellowstone Club"New West, 21 November 2008
  26. ^Judge: Blixseth reliable for Yellowstone Club collapse, New West, August 18, 2010
  27. ^In RE: Yellowstone Mountain Club, Timothy Blixseth Appellant, Case 2:11-cv-00071-SEH, Document 26, Filed 03/06/13 United States Part Court Montana.
  28. ^Tim Blixseth in disdain for selling Mexican resort, umpire says, Associated Press, December 31.2013.
  29. ^Atigeo at issue in divorce camp, by Brier Dudley, Seattle Days, June 26, 2008.
  30. ^Yellowstone Club Chronicles: The Edra Blixseth Bankruptcy, via Jonathan Weber, New West, June 11, 2009.
  31. ^Hiding Details of In a quandary Deal, U.S.

    Invokes National Consolation, by Eric Lichtblau and Saint Risen, New York Times, Feb 19, 2011.

  32. ^Programmer conned CIA, Bureaucracy into buying bogus anti-terror become firm, Wired Magazine, December 28, 2009.
  33. ^Nevada company's troubles, Las Vegas Study Journal, June 7, 2009
  34. ^Yellowstone Truncheon Divorcee Entangled in Terrorist Code Suits, by Anthony Effinger, Bloomberg, August 29, 2008.
  35. ^US regretting in a quandary deal with computer programmer, Beantown Globe, February 20, 2011.
  36. ^Club Scenery for the millionaire set, invitation Susan Dominus, New York Former Magazine, March 5, 2006.
  37. ^Ward, Leah (Oct 23, 2005) Considerable boring swap in the works, Town Herald-Republic
  38. ^Heart of America on YouTube, Accessed October 2011.
  39. ^Kinnon, Joy Flyer (June 1, 2006) Eric Benet's voyage for India: singer-songwriter abridge balancing stardom and fatherhood., Ebony, ("It is estimated that magnanimity project will raise $100 packet to benefit victims of Cyclone Katrina.

    To date, $41 pile has been raised")

  40. ^Downs, Maggie (Aug 6, 2006) Blixseth's tune raises $127 million for ongoing typhoon relief efforts, The Desert Sun, August 30, 2006.
  41. ^Twisted saga with respect to former billionaire Tim Blixseth takes another turn, Forbes Magazine, Apr 7, 2011.
  42. ^Blixseth says bankruptcy reach a decision biased, Billings Gazette, October 11, 2010
  43. ^Judge won't step down make the first move Yellowstone bankruptcy cases, My Credit News, February 28, 2011
  44. ^Ex-billionaire takes on Montana authorities[dead link‍], Relative Press, May 19, 2011
  45. ^Blixseth press release, PR Newswire, May 18, 2011
  46. ^"Yellowstone Club Owner's $375M Misconduct Suit Shut Down - Law360".

    Biographie de barack obama biography

    www.law360.com. Retrieved 2018-06-01.

  47. ^Yellowstone Cudgel founder blames lawyer for woes, Bozeman Chronicle, June 9, 2011
  48. ^Yellowstone Club Owner's $375M Malpractice Demure Shut Down, Law360, March 5, 2012.
  49. ^Judge vacates further hearings require Montana resort bankruptcy case, Greenfield Reporter, 27 July 2011
  50. ^Resort framer sues Swiss bank for bag, Spokesman Review, 25 July 2011
  51. ^Failed resort owner wants to satisfy $2.5 billion lawsuit, Bloomberg News, 25 July 2011
  52. ^Yellowstone Trustee loses bid to raise $40M mistakenness, Law360, October 7, 2011
  53. ^Brown, Gospels (December 18, 2014).

    "Ex-billionaire Blixseth booked into Missoula County jail; judge demands accounting for millions". Associated Press.

  54. ^Matthew Brown and Notoriety Beth Hason (April 20, 2015). "Judge Returns Ultra-Rich Club Leader Tim Blixseth to Jail]". Comparative Press.
  55. ^Drake, Phil (July 7, 2016).

    "What will Tim Blixseth on time with his freedom?". Great Waterfall Tribune.

  56. ^Yellowstone Trustee Sues Blixseth's Old woman Over Missing Assets, by Judge Fisher, Forbes Magazine, October 14, 2014.
  57. ^Billionaire who went bust decline out of jail and come to light owes millions.

    Many are complying his next move, by Clamp Anderson, Los Angeles Times, July 27, 2016.

  58. ^A billionaire divorce - and not a lawyer hostage site, Wall Street Journal, Jan 2, 2007.
  59. ^Edra Blixseth gets illustriousness Yellowstone Club, Forbes, August 16, 2008
  60. ^Checkmate at the Yellowstone Truncheon, New York Times, June 14, 2009

External links

  • Tim Blixseth – Raiment to Riches Timber Baron, Bloomberg Businessweek.
  • Tim Blixseth - The Cardinal Richest Americans, Forbes, September 21, 2006.
  • Dexheimer, Eric, "That's Tim bring in in Timber", Denver Westword, Jan 12, 1994.
  • Forbes Richest 400 Community listing for Tim Blixseth
  • Friday Papers - About Us, Founder Tim Blixseth
  • Official website