Palm Beach Daily News didn’t mean bankruptcy when it said man had ‘gone bust’:

An earlier version of this story said Yellowstone Club co-founder Tim Blixseth has “gone bust.” The Daily News did not intend this to mean either that he is bankrupt or the subject of a pending bankruptcy. Rather, the reference was intended to convey that Blixseth, who was ranked among Forbes’ 400 Richest Americans as recently as 2007, has sustained financial losses and, as the story said, currently is involved in litigation arising from his financial dealings.

Palm Beach Daily News

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