In a related action, resort property owners are suing lender Credit Suisse as part of a multi-billion dollar lawsuit led by bankrupt Yellowstone Club founder Timothy Blixseth and his son Beau Blixseth who claim the Lake Las Vegas Joint Venture bankruptcy was caused by a "loan to own" scheme between the bank and resort developers.
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Dennis Montgomery originally worked for Warren Trepp, a former top junk bond trader for Michael Milken, at eTreppid Technologies and later partnered with Yellowstone Club founders Edra and Tim Blixseth under the banner Blxware to solicit government contracts for his spy software.
Tamarack property owners are now part of a multi-billion dollar lawsuit with lender Credit Suisse led by bankrupt Yellowstone Club founder Timothy Blixseth and his son Beau Blixseth who claim Tamarack's bankruptcy was caused by a "loan to own" scheme between the bank and resort developers.