It appears as though Douglas MacKinnon has successfully avoided being sent to jail, even though a two-day hearing this week did not provide all the details that prosecutors and the Consumer Financial Protection Bureau are looking for as they seek to enforce a $60 million judgment against him. Even though …
Read More »Collection ‘Kingpin’ Ordered to Disclose Finances or Face Jail
Time might finally be running out on Douglas MacKinnon’s attempts to keep from having to produce a list of his assets to settle a $60 million judgment. The collection “kingpin” who is facing the judgment after being sued by the Consumer Financial Protection Bureau has been ordered by a federal …
Read More »Judge Denies MTD in Case Against Collection ‘Kingpin’ For Attempting to Keep House From Being Seized
A District Court judge in New York has denied a motion to dismiss a complaint filed against a collection “kingpin” and his family by the Consumer Financial Protection Bureau after they were sued for attempting to fraudulently transfer ownership of a $1.6 million house to keep it from being seized …
Read More »Collection ‘Kingpin’ Facing Arrest, Family Facing Fines for Not Complying with Court Order
If you’ve been around the industry for a few years, maybe the name Douglas MacKinnon will ring a bell or two. MacKinnon, to refresh your memory, was referred to as a debt collection “kingpin” by the Acting Director of the Consumer Financial Protection Bureau, who was ordered to pay $60 …
Read More »Report Delves Into Buffalo’s Origins as Epicenter of Illegal Collection Operations
A published media report aims to answer a question that many in the accounts receivable management industry have long asked — Why is Buffalo the epicenter for illegal debt collection activity? According to the report, cheap office space, no licensing requirements, and huge profits reaped by legitimate debt collectors dating …
Read More »CFPB, NY AG Go After Hidden Assets of Collection ‘Kingpin’
It’s something you normally see on TV or in the movies. An individual, in an attempt to hide something valuable from an ex-spouse or law enforcement, signs over possession of the asset to a friend or relative for $1. It usually doesn’t work on TV or in the movies, and, …
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