Man loses $12.5M judgment in Wyo. ranch deal |

Man loses $12.5M judgment in Wyo. ranch deal

CHEYENNE, Wyo. – A federal judge has ordered a Colorado man to pay $12.5 million for failing to close on a ranch purchase in Wyoming in 2008.

U.S. District Judge Alan B. Johnson of Cheyenne last week ordered Phillip A. Wolf of Golden, Colo., to make the payment to Beaver Creek Land and Cattle, LLC.

Johnson ruled the company lost profits when Wolf didn’t close on a planned $62.5 million purchase of a 76,000-acre ranch near Thermopolis.

Wolf says he will appeal. Wolf owns a vehicle dealership west of Denver and has been in the news for displaying a billboard critical of President Obama.

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