Las Vegas investor who owes $2.2 billion to Nevada company arrested outside Yellowstone [View all]

A Las Vegas investor who owes $2.2 billion to a Nevada company was arrested Friday just outside Yellowstone National Park, after a federal bankruptcy court judge issued a bench warrant for contempt of court.

Raymond Ngan, 47, was arrested at the Super 8 Motel in Gardiner, Montana, Supervisory Deputy U.S. Marshal Tim Hornung said Monday. The U.S. Marshals Service’s office in Montana received a tip that Ngan was staying at the motel, Hornung said, and deputies were sent into the park and to the Super 8 to search for him.

“From what we understood from the source, he was visiting the park,” Hornung said.

Ngan received the contempt order in U.S. Bankruptcy Court in Las Vegas on June 20 after he failed to appear for three separate court hearings in his case, according to court documents. He first filed for Chapter 7 bankruptcy on July 31, 2017, court records show, four months after a Nevada court ruled that he owed more than $2.2 billion to First 100 LLC.

The Las Vegas Sun newspaper reported at the time that the judgment against Ngan shattered the state’s previous record for a single civil case, which had stood at $524 million since 2013.

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