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Founder goes on trial for looting resort

 

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The founder of t h e m i l l i o n a i r e s - o n l y Yellowstone Club goes on trial today to face claims that he fleeced the private ski resort out of at least $286 million. Before its 2008 bankruptcy filing, the Montana club gained a reputation as an alpine haven for the nation's elite. Its membership list includes Microsoft Corp. co-founder Bill Gates, hotel magnate Barry Sternlicht and former Vice President Dan Quayle. The club came out of bankruptcy protection last year, but creditors are still chasing former owner Tim Blixseth in federal court. They want a civil fraud judgment agains...



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