He started a company called Yellowstone Club World that bought property around the globe, including a castle in France, a 30,000-square-foot mansion on a private island in Turks and Caicos, and two yachts, named Piano Bar and Tooth Fairy. He also bought Tamarindo, a golf resort on the Pacific coast of Mexico.
2008 Divorce
Blixseth lost the club to Edra in a divorce in July 2008. It went bankrupt four months later.
Brian Glasser, the trustee for the Yellowstone Club Liquidating Trust, contends Blixseth has been using proceeds from the Tamarindo sale to maintain a semblance of the lifestyle he had when he ran the club.
“Most people would say that if you burn up $13.8 million in two years, you’re living pretty large,” Glasser, an attorney with Bailey & Glasser LLP, said Monday in an interview.
The case is Glasser v. Blixseth, 13-cv-00068, U.S. District Court, District of Montana (Butte).