Jailed Montana resort founder invokes right to silence
Simultaneously, Blixseth declared bankruptcy in California for a financial trust his creditors allege was used to hide his assets.
Courts have ruled Blixseth fraudulently transferred $286 million from the Yellowstone Club prior to its 2008 bankruptcy.
He’s been in jail for a year for contempt of court, but has not been criminally charged.
Blixseth’s attorney Phillip DeFelice said the bankruptcy filing will allow Blixseth to maximize the value of his assets and begin paying off creditors.
