Advertise Here

Office Hours

Failed ID, MT resort owners want to join lawsuit

BOISE — Two principals at failed western resorts are trying to recoup money they lost when their developments imploded by joining a lawsuit against Credit Suisse Group, the Associated Press reported.

Alfredo Miguel of Tamarack Resort in Idaho and Tim Blixseth of Montana’s Yellowstone Club asked a federal judge for permission to join plaintiffs in a 2010 lawsuit contending the Zurich-based bank used a predatory lending scheme to defraud them.  

Miguel and Blixseth contend “shoddy, deceitful, misleading and fraudulent appraisals” led to bloated loans that were doomed to fail, costing innocent borrowers and others dearly.  
Meanwhile, they say Credit Suisse protected itself by syndicating the loans.  

Miguel also alleges Credit Suisse and a loan syndicate member tried to shake him down for $1.2 million in exchange for releasing him from a personal guarantee for the loan.

Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Office Hours

Get blog updates by email

About this blog

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

Sign up for our business email newsletter
Latest comments »

Read all the posts from recent conversations on Office Hours.


Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on and its social networking accounts.

Recent work by Alison

Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

Search this blog
Subscribe to this blog
Advertise Here