projectmanuk - 2:27 pm on Nov 2, 2012 (gmt 0)
We have tested ourselves that 301 a penguin hit domain to a new one will pass on the blame. I know this is NOT what you have asked.
At most Penguin is applied to a site, not to a person (owner). So what if Google knows you own both, even God would give you a second chance to start over?