Bounty offered for former billionaire's assets
The trustee representing Yellowstone Club creditors is looking for bounty hunters who can uncover assets the luxury resort's co-founder may have hidden from bankruptcy proceedings.
Brian Glasser is an attorney with West Virginia-based Bailey & Glasser LLP and the trustee of the Yellowstone Club Liquidating Trust.
He told The Associated Press Tuesday the trust will reward anyone with information that leads to the recovery of assets owned by Tim Blixseth with 10 percent of the profits.
Glasser says more than $286 million was funneled out of the Yellowstone Club under Blixseth.
He says he believes Blixseth has money in hidden bank accounts and land holdings abroad or in other people's names. He is calling on people with knowledge of those transactions to come forward.
Blixseth did not respond to a call or email for comment.
© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.