Creditors go after wife, mother-in-law of jailed real estate mogul over money transfers + MORE Dec 24th

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90 days – 1.75%

– ratesupermarket.ca

This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.

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Creditors go after wife, mother-in-law of jailed real estate mogul over money transfers

– canadianbusiness.com

BILLINGS, Mont. – Creditors of jailed real estate mogul Tim Blixseth are asking a federal judge in Washington state to find the onetime billionaire’s wife in contempt of court as they try to chase down his far-flung assets.
Creditors’ trustee Brian Glasser said Tuesday that Jessica Blixseth unlawfully transferred more than $1 million from the sale of a 156-foot luxury yacht to her mother and other entities.
Some of the money was moved after U.S. District Judge Richard Jones imposed a temporary restraining order barring such transfers, Glasser said.
Jessica Blixseth’s attorney in Washington, Paul Brain, said he was reviewing the trustee’s allegations and had not yet consulted with his client on the matter. He declined to comment further.
Glasser represents the remaining creditors from the 2008 bankruptcy of the Yellowstone Club, a Montana resort founded by Tim Blixseth in the 1990s.
Tim Blixseth has been in a Montana jail since last week after failing to meet a court order to account for the proceeds from another property sale involving a Mexico resort…

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