Latest News, WV Press Videos

W.Va. lawyer offers reward for billionaire’s assets

CHARLESTON, W.Va. — A Charleston attorney is receiving national attention for an unconventional approach in trying to track down possible assets of the founder of a luxury resort.

Brian Glasser, of the firm Bailey & Glasser LLP, is offering a reward to anyone who can uncover property or bank accounts of Tim Blixseth, the founder of Yellowstone Club, the world’s only private ski resort community.

Glasser will give 10 percent of any profits of the liquidated assets recovered from Blixseth to anyone who provides information that leads to their discovery.

Glasser, 47, is serving as trustee for the bankruptcy estate. He admitted his idea is unusual, but is hopeful it will work.

“You can’t move money or property without the help of others,” Glasser told the Gazette on Thursday. “I think it’s a logical way to track it down.”

In an email to the Associated Press, Blixseth dismissed the reward as a sign of desperation ahead of a federal appellate court’s ruling on the Yellowstone Club bankruptcy and other appeals that Blixseth said could eliminate the creditors’ claims.

“So, I will better their ‘bounty offer,”’ Blixseth said in the email from his Seattle home. “I will offer [a] 50 percent reward to anyone who can find any hidden assets of mine.”

 Blixseth said the goal of the liquidating trust is to redirect attention from the creditors’ wrongdoing in the case. The trust aims to “ransack me and my financial ability to so badly I would give up and be bludgeoned into ineffectiveness in my pursuit of justice,” he said…

Comments are closed.

Subscribe to Our Newsletter