Work Biography for James McDonald, Hercules Investments. (Lindemann Decl. We'll be covering the markets, what stocks to look out for and more! 2, 5 & Ex. Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. Now he's wanted on fraud charges. Strategy Voice Associates, LLC Why? [1] He played college basketball at Southern California (USC) and did not play college football. Your activity looks suspicious to us. Don't miss this show today! edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment 4; Brown Supp. Plaintiff moves to compel BNSKs compliance with the subpoena, which directed BNSK to produce or do the following: All drafts of settlement agreement with Ascot, and the final signed copy of the settlement agreement with Ascot. Los Angeles, California 90012. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance This of course is impossible, therefore equity valuations must eventually reflect economic plausibility. As stated in his opening brief, proposed intervenor admits to this Court that Bunnell seeks only to only [sic] oppose the Assignment Motion (Bunnell Mem. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q, https://hercules-investments.com/hercules-public/index.html. proof by the judgment creditor . Instead, the SEC alleges, McDonald misappropriated more than $1 million of the funds for personal expenses, including luxury vehicles and paying rent on his home, and misappropriated more than $2 million of the funds for Ponzi-like payments, payments to his Hercules' investment adviser clients and expenses associated with operating Hercules. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. For those willing to take risk and or those who dont want to liquidate their securities, we recommend buying volatility with a 10-15% allocation in their portfolio. McDonald ran two Los Angeles County-based investment companies: Hercules Investments, based in downtown Los Angeles, and Index Strategy Advisors (ISA), based in Redondo Beach, serving as. Could you describe what you mean by that? McDonald projected that the COVID-19 pandemic and the election would result in major selloffs that would cause the stock market to drop. ), While BNSK may have previously been in possession of funds that may be used to satisfy the judgment in plaintiffs favor entered in this action, the settlement funds from Herculess insurer have now been deposited into a court account, the allocation of which will be determined in an interpleader action. are slashing up to 20% of their workforce. Read more about Hercules Capital's Fourth Quarter and Full-Year 2022 Results Life Sciences Technology SaaS Finance Sustainable + Renewable Anyone with information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles Field Office at (310) 477-6565. Opinions expressed by Forbes Contributors are their own. woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. As soon as we found out he was under investigation, we no longer allowed him on our air, said a CNBC spokesperson. Have a question about Government Services? Accordingly, the claim of 531.4 hours is insufficiently supported. 4.). Look at what happened in February when the virus became known. LOS ANGELES Award-winning derivatives investment management executive James A. McDonald, Jr. today announced that he has launched Hercules Investments LLC, a Los Angeles-based. The FBI and IRS Criminal Investigation investigated this matter. XOM McDonald: You have to follow the money. BEN CECCHINI, ET AL. On one morning in late October or early November 2021, D.J. Official websites use .gov Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. In 2018, I earned Defensive MVP for my championship winning team and led the entire league in tackles. The Securities and Exchange Commission today announced the filing of a civil injunctive action against James Arthur McDonald, Jr. and his SEC-registered investment adviser firm, Hercules Investments, LLC in connection with two fraudulent securities offerings. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. He also allegedly sent ISA clients false account statements, including for one client who invested approximately $351,000, later needed the money to make a down payment on a home, was informed by McDonald that much of the money had been lost, and never got his full investment back. The SEC also filed a complaint against the California-based advisor and frequent CNBC commentator. Third, although creditor incurred fees defending against proposed intervenor Justin Bunnells efforts to vacate the stipulated judgment, these fees are not related to the collection of judgment against debtors. Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. 5 & Ex. Apr. | By . Secure .gov websites use HTTPS I became fascinated by the story of how junk bonds via Mike Milken and others were used to revolutionize financing and M&A during the 90s. McDonald falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer, DocketNotice of Case Reassignment; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), DocketNotice of Case Reassignment and Order for Plaintiff to Give Notice; Filed by: Clerk, DocketCase assigned to Hon. On Oct. 1, 2021, attorneys from the SEC contacted McDonalds attorneys and scheduled an Oct. 14 interview, but McDonald responded that he was getting new counsel and could not makethe appointment; the SEC eventually subpoenaed him for records and to appear on Nov. 16. However, the motion was not properly served. Accordingly, plaintiff fails to demonstrate that the requested documents pertain to the search for assets to satisfy the judgment entered against defendants Hercules Investments, LLC and James McDonald in this action. Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. Further, creditor also seeks $55,477 in post-judgment interest. Second, between February and October 2021, McDonald offered and sold equity investments in Hercules itself, raising $1.5 million from two types of investors: one non-client group and two existing individual Hercules clients. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. [2] That means there's a whole lot of opportunity for both streaming service providers and their investors. According to the U.S. Attorney's Office, McDonald's . But what really got my attention was the security that empowered Lewis to make history: junk bonds. 4.) as well as other partner offers and accept our, Visit Business Insider's homepage for more stories, Bank of America unveils its top stock pick in each of the 11 S&P 500 sectors and explains why they're poised to dominate in the year ahead, BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021, Registration on or use of this site constitutes acceptance of our. Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . Hercules investments is an award-winning portfolio manager serving growth-focused individual. Under CCP 187, the Court can fashion an appropriate procedure to ensure that no stone [is left] unturned in the search for assets which might be used to satisfy the judgment. (Troy v. Superior Court (1986) 186 Cal.App.3d 1006, 1014 [[T]he purpose of a judgment debtor examination is to leave no stone unturned in the search for assets which might be used to satisfy the judgment]; Yolandas, 11 Cal.App.5th at 515. I became obsessed with making my own history through innovative use of a financial product. at 9), which the Court already addressed and denied (2/15/22 Minute Order). Step 2) Generate $12 billion in index options profits for growth seeking investors. James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. Fourth, creditor did not provide any breakdown of how many hours were spent on each task purportedly incurred to enforce the judgment, such as through submission of time sheets. Please try again. "Risks here are as high or higher than potential gains, so it only makes sense to have a defense in place," McDonald concluded. Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. Brown, whose firm used to represent defendants on other matters seemingly related to this litigation but never actually appeared on behalf of defendants in this case. Please use a different way to share. A frequent lecturer and conference speaker, he is a nationally-recognized expert on the topics of macroeconomics, event-driven investing, growth investing, portfolio construction, index investing, exchange-traded funds, digital currencies, and index . Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). James McDonald: Im a football player first and foremost! Having denied the Motion for Assignment, the Court finds no exigency, irreparable harm, or immediate danger that would justify the need to address Bunnells request for relief on an ex parte basis. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. (Brown Decl. No credit card required. This is the best and simplest approach, but these securities should not be traded by novice investors. There was a problem loading your book clubs. He speaks with Bloomberg's Romaine Bostick and Taylor Riggs on . (213) 894-4465. Lines and paragraphs break automatically. Charles Canter will lead the litigation. Plaintiff presented nothing else of relevance in support of the motion. James Arthur McDonald Jr., 50, formerly of Arcadia and who is believed to be in hiding, is charged with one count of securities fraud, a crime punishable by up to 20 years in federal prison. Tune in today to watch James McDonald, CEO of Hercules Investments, on CNBC's Fast Money at 2pm PST. Decl. Public Information Officer This is the story of how his charm and 'hubris' was so powerful, after one of his presentations, someone asked if they could join his cult. Docket Updated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC 06/14/2021 Docket Case reassigned to Stanley Mosk Courthouse in Department 72 - Hon. McDonald, who faces up to 20 years imprisonment if convicted, "is believed to be in hiding," the U.S. Attorney's office said in a news release. He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. May 2021 - Present1 year 10 months. 28, 2021 at 7:18 a.m. James Arthur McDonald Jr ., 50, who is believed to be in hiding, was charged with a single count of securities fraud, according to the U.S. Attorney's Office. "As we see now, eventually reality strikes and changes things overnight. Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. There are 0 customer reviews and 1 customer rating. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer, Notice of Case Reassignment; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Notice of Case Reassignment and Order for Plaintiff to Give Notice; Filed by: Clerk, Case assigned to Hon. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses [press release]He appeared as a financial expert on TV. Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. A complaint contains allegations that a defendant has committed a crime. We work hard to protect your security and privacy. Los Angeles County Superior Courts | Contract | 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. On our air, said a CNBC spokesperson the California-based advisor and frequent CNBC commentator said. Romaine Bostick and Taylor Riggs on its funds would be used to a... No longer allowed him on our air, said a CNBC spokesperson reality strikes and things. Manager serving growth-focused individual to 20 % of their workforce presented nothing else of in! 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