CFPB v. Douglas MacKinnon

Douglas MacKinnon, Amy MacKinnon, Mary-Kate MacKinnon, and Matthew MacKinnon allegedly fraudulently conveyed a house with the intent to hinder collection efforts by creditors, including the Bureau and the State of New York, in violation of the Federal Debt Collection Procedures Act of 1990 and New York state law. Douglas MacKinnon allegedly transferred ownership of his home, valued at approximately $1.6 million, to his wife and daughter for $1 shortly after he learned that the Bureau and the State of New York were investigating him for debt-collection activities.

Summary generated from official Consumer Financial Protection Bureau press release