Attorney says ex-billionaire will disclose sale details

AP News
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Posted: Feb 06, 2015 4:24 PM

BILLINGS, Mont. (AP) — An attorney for ex-billionaire Tim Blixseth said Friday that the real estate mogul will reveal more details of a 2011 property sale in a bid to avoid returning to jail for contempt of court.

But attorney Philip Stillman says some documents regarding the $13.8 million sale of the Tamarindo resort are out of reach in Mexico and couldn't be obtained by Friday's court deadline.

U.S. District Judge Sam Haddon sent Blixseth to jail in December for repeated delays in accounting for millions of dollars he owes creditors. The 9th U.S. Circuit Court of Appeals ordered Blixseth released after a week.

He still could go back to jail if he doesn't satisfy Haddon, although Stillman says that's unlikely.

The judge signed an order Wednesday requesting help from Mexican courts to get information on the sale.