Correction: BC-CB--Turks and Caicos-Private Island

Published:

KINGSTON, Jamaica (AP) -- In a story Feb. 1 about a court judgment against U.S. real estate developer Tim Blixseth over the Turks and Caicos Islands' claim he failed to pay sufficient tax on the purchase of a small island, The Associated Press reported that an attorney for Blixseth will file a lawsuit against another party in the transaction, Gary Di Silvestri. A spokesman for Blixseth says that suit has already been filed. In addition, Di Silvestri's name was misspelled. The story also said Blixseth had filed for bankruptcy, but it was the business he co-founded, the Yellowstone Club, that filed for bankruptcy. The story noted that authorities and creditors claimed Blixseth diverted corporate funds for his own use, but it should have noted that Blixseth denied that allegation and is challenging it in court.