Not even a billionaire can avoid the long arm of the law. Tim Blixseth, the embattled developer of the Yellowstone Club and Moonlight Basin, was jailed recently for failure to comply with Court orders related to his assets.

I suspect that Judge Haddon suspected that Blixseth squirreled away millions rather than surrendering his assets to his creditors. A lot of money can buy you a lot of legal wrangling, but eventually the time comes to pay the piper. Even if you’re a billionaire.

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