CHICAGO – An assignee of Bank of America alleges a Wisconsin man fraudulently transferred assets into trusts before a judgment was entered against him in a case handled by the Cook County Circuit Court.
Zentac Productions Inc., assignee of Bank of America, N.A. filed a complaint on Sept. 27 in Cook County Circuit Court against Daniel E. McLean; Charles Jesser, et al. alleging fraud in fact.
According to the complaint, McLean is indebted to the plaintiff for $7.3 million as the result of a June 2014 judgment relating to McLean's default on a loan. The plaintiff alleges McLean and Jesser "transferred substantially all of his assets" to six trusts before the judgment was entered and concealed these transfers from the plaintiff until 2018.
The plaintiff alleges the transfers were made with the intent to hinder, delay or defraud them.
The plaintiff seeks judgment for compensatory damages in the amount of the value of the membership interests McLean allegedly transferred to the six trusts as well as income earned therefrom, plus attorney fees, court costs and interest, together with an amount of punitive damages, and grant such other relief. It is represented by Edward Weil, Mark A. Silverman and Erin Johnson of Dykema Gossett PLLC in Chicago.
Circuit Court of Cook County case number 18-L-010533