Lindemann Decl. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. View James A McDonald's profile for company associations, background information, and partnerships. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor. Navin: What book or books would you recommend for someone interested in learning about markets? The Court is hard-pressed to see how Bunnell is or should be entitled to enter the case, undo the judgment, and then leavewhich is precisely what the proposed intervenor seemingly seeks to accomplish here. While Browns response to the motion may add clarity as to what plaintiff here seeks, it does not bring plaintiff any closer to obtaining it through via assignment pursuant to CCP 708.510. Hercules investments is an award-winning portfolio manager serving growth-focused individual. Why is this public record being published online? Hercules Investments CIO James McDonald on CNBC The Exchange The SEC further alleges that, from February 2021 to October 2021, McDonald raised $1.5 million through the sale of equity investments in Hercules's business. 2) and that [t]he insurance policy that generated the fund is referred to in the Settlement Agreement at 5. (Supp. *Free 10 Piece Chicken McNuggets valid 1x thru 2/28/22 for first time app users at participating McDonald's. In this virtual event, McDonald shares: - Why the markets are too optimistic about the Covid-19 vaccine 2022-01-24, Los Angeles County Superior Courts | Contract | McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. The United States Securities and Exchange Commission subpoenaed McDonald to testify before it in November 2021, but without advance notice he failed to appear as required. DocketUpdated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. DocketUpdated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC, DocketCase reassigned to Stanley Mosk Courthouse in Department 72 - Hon. 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. If Trump wins, his handling of the virus may result in its prolonged detrimental effect on a recovery. Hercules Investments LLC Active 2019 1 Member Excel Known Addresses for James McDonald. 2021-11-16, Los Angeles County Superior Courts | Property | McDonald an avid football enthusiast stated that he planned to launch a publicly traded mutual fund under the ticker symbol NFLHX. The losses to Hercules clients and the potential for litigation related to those losses jeopardized the success of that fund because any litigation would have had to be publicly disclosed. Eligible for Return, Refund or Replacement within 30 days of receipt. 1718 Harriman Ln Redondo Beach, CA 90278 . Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. CHICAGO--(BUSINESS WIRE)--James McDonald, CEO and Chief Investment Officer of Hercules Investments, a Los Angeles-based Registered Investment Advisor, is hosting a virtual event, Preparing Investment Portfolios for a 2021 Stock Market Crash, on Thursday, January 14, 2021 at 3pm EST. . Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. When investors really want something they are willing to pay up, and stock prices rise. Includes initial monthly payment and selected options. Charles Canter will lead the litigation. Wealth Management is part of the Informa Connect Division of Informa PLC. A lock ( By clicking Sign up, you agree to receive marketing emails from Insider Search our database of over 100 million company and executive profiles. For more information, please visit: https://hercules-investments.com/hercules-public/index.html, Media Contact How did you first become interested in markets? A [Complaint in Interpleader].). (Lindemann Decl. In accordance with subsection (c)(2) of CCP 708.510, the Court considers [p]ayments the judgment debtor is required to make when determining whether to order an assignment or the amount of an assignment. Plaintiff acknowledges that there are apparently, other claims to the $1.45 million and against defendants. Registered in England and Wales. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. 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. 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. A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. Secure .gov websites use HTTPS Hercules Investments is the firm I founded solely to achieve these goals. The best way to follow the money is to identify advancers versus decliners across as many industries, sub-sectors, regions, and asset classes as possible. Greater Los Angeles Area Financial Services Companies. 2021-02-22, Los Angeles County Superior Courts | Contract | To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. 1.) However, interest is not the type of cost that can be claimed in this motion. Ironically, however, pertinent information about any right to payment comes not from the moving party, but from the response to the motion by Ethan J. keystyle mmc corp login; thomson reuters drafting assistant user guide. Access your favorite topics in a personalized feed while you're on the go. 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. A Carson man who was a central figure in an international fraud and money-laundering network that targeted $25 million through a variety of frauds including romance scams and elder A former executive at cinema subscription service MoviePass Inc. has been arrested on a federal grand jury indictment alleging he embezzled approximately $260,000 from MoviePass parent company to repay money An Orange County man was sentenced today to 54 months in federal prison for fraudulently obtaining $5 million in COVID-relief loans for his sham businesses, then used the money on Central District of California The SEC's investigation was conducted by David S. Brown, Carol Kim, and Matthew O. Koop and was supervised by Marc J. Blau in the Los Angeles Regional Office. McDonald then used some of the funds from this capital raise for his own purposes, including $174,610 at a Porsche dealership, $109,512 for rent expensesand nearly $7,000 on designer menswear, according to the DOJ. This is the best and simplest approach, but these securities should not be traded by novice investors. Number 8860726. CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. "Monday's selling pressure isn't a sign that a major market crash is imminent, but crashes do begin with shifts in short-term sentiment like we have seen in recent sessions," McDonald said. Navin: So, you're expecting a big sell-off how big? Please prove that you're human. They are part of the Executive team within the C-Suite Department and their management level is C-Level. Lines and paragraphs break automatically. 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. Strategy Voice Associates, LLC In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based . In 2018, I earned Defensive MVP for my championship winning team and led the entire league in tackles. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance The SEC's complaint alleges that McDonald raised over $3.6 million from investors between May 2019 and October 2021 for the stated purpose of trading securities through an investment vehicle called the Index Strategy Advisors Fund, and that McDonald used less than half those funds for trading and did not engage in any trading with the funds for long stretches of time. Lastly, even if all or some of the referenced funds could be assigned pursuant to CCP 708.510, the Court would decline to issue an order so doing. Fri, Feb 12 20212:08 PM EST RELATED 00:00 James McDonald's advice to the. 2022-08-16, California Courts Of Appeal | Other | According to Chowthi, D.J. Either way, any such money in Mr. Browns account does not constitute a right to payment due or to become due to defendants which may be assigned pursuant to CCP 708.510. The S&P 500 could be headed for a drop of up to 48%, according to James McDonald, the CEO and chief investment officer of Hercules Investments. Unfortunately, according to the Justice Department and SEC, he didnt tell those new investors about all the money he lost on the election, nor precisely what he was going to do with it, as dropping $174K at a Porsche dealership and paying $110K to his landlord are not the same thing as launching a mutual fund. judy norton children; court ordered community service california Plaintiff presented nothing else of relevance in support of the motion. The S&P 500 could be headed for a drop of up to 48%, according to James McDonald, the CEO and chief investment officer of Hercules Investments. He was named a "rising star"advisor in 2012 by ETF.com,frequently appeared on CNBC as a marketanalyst, including on Fast Money and The Exchange, and Hercules Investments won a WealthManagement.com Industry award in 2020 in the category ofAlternative Asset Management. According to the U.S. Attorney's Office, McDonald's . Track. Approximately $109,512 was transferred to the landlord of a home McDonald was renting in Arcadia; and approximately $6,800 was spent on a website that sells designer menswear. That is fatal. All e-mails, letters, notices, or any other communication between Ethan Brown and any representative or lawyer for Ascot. Hercules Capital started at outperform with $17.50 stock price target at Oppenheimer. Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. Amazon has encountered an error. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. James is the co-author of How To Invest In Bitcoin By Two Harvard Minds. Hes a graduate of Harvard University with a B.A. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. 2 at 5.) Why Should White Guys Have All the Fun by Blair Walker. Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. Decl. McDonald was CEO of Hercules Investments LLC of Los Angeles and Index Strategy Advisors Inc. of Redondo Beach, and frequently appeared as an analyst on the CNBC financial TV news network, authorities said. We dont share your credit card details with third-party sellers, and we dont sell your information to others. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 May 2021 - Present1 year 10 months. 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. 4; Brown Supp. The SEC noted that McDonald was previously a guest commentator for CNBC -. Alternatively, for those willing to accept risk? Ciaran McEvoy The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. 5.) If you do not agree with these terms, then do not use our website and/or services. Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. Explore Our Venture Lending Portfolio | Hercules Capital Whether you're a curious investor or a successful start-up seeking VC financing, Hercules Capital is for you. Too many people and firms over-complicate these basic truths. Enhancements you chose aren't available for this seller. No recommendations are made by the author of the blog one way or the other. Step 2) Generate $12 billion in index options profits for growth seeking investors. mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. In 1992, I became interested in markets after reading a book (Why Should White Guys Have All the Fun by Blair Walker) about Reginald Lewis who amassed a $1 billion fortune in the 80s and 90s through M&A. 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. Updated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC, Case reassigned to Stanley Mosk Courthouse in Department 72 - Hon. (Reply at 3.) are slashing up to 20% of their workforce. We work hard to protect your security and privacy. - Strategies to profit from a stock market decline LOS ANGELES, Oct. 10, 2019 /PRNewswire/ -- Award-winning derivatives investment management executive James A. McDonald, Jr. today announced that he has launched Hercules Investments LLC, a Los Angeles-based Registered Investment Advisor.Hercules applies quantitative research to design and actively manage portfolios for investors seeking maximum growth during up or down-market cycles. McDonald could not be reached for comment. 2022-01-21, Los Angeles County Superior Courts | Contract | McDonald told Business Insider. 4.) The supplemental declaration also attaches the referenced Settlement Agreement, but paragraph 5 of that agreement merely states: Defendants will give notice of this settlement to their E&O carrier. (Lindemann Supp. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. ET by Tomi Kilgore. Now he's wanted on fraud charges. Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. Hercules and the various insureds settled claims for $1,450,000, which was directed by Hercules to be paid into a separate account maintained by BNSK and distributed at Hercules direction for (1) defense costs relating to claims by investors against Hercules for losses sustained as a result of Hercules investment strategies and/or (2) to pay claims by various investors relating to losses by such investors as established by the Settlement Agreement. (Brown Decl. Public Records Policy. James graduated from Harvard . Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. VS DANNY MICHAEL CORRAL, ET AL. He played for the Los Angeles Rams and Detroit Lions. According to the DOJ, McDonalds troubles began after taking risky short positions in 2020, betting that the U.S. economy, and the stock market,would crater due to the COVID-19 pandemic and the 2020 presidential election. Even large-cap companies such as Disney and Exxon-Mobil SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. I knew from the first time I stepped on the field at 11 years old that I wanted to be an NFL linebacker; and today at 49 years old, I still wish I could play in the NFL! For this reason alone, the motion should be denied. 2022-01-10. Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? last spoke to McDonald on Nov. 18, when he admitted to taking clients money without investing it; McDonalds accounts for his phone and email address have since been terminated. Curtis A. 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