November's blockbuster jobs report. James Macdonald will celebrate 62nd birthday on a Tuesday 4th of October 2022. 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. VS JAMES A. MCDONALD, JR., ET AL. For more information, please visit: https://hercules-investments.com/hercules-public/index.html, Media Contact To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. Its clock-striking-midnight dealmaking time at the Justice Department. Even large-cap companies such as Disney and Exxon-Mobil He last appeared on the network in July 2021. 633 W 5th Street, Los Angeles, CA 90071 The stock market is a big auction house. The FBI and IRS Criminal Investigation investigated this matter. . judy norton children; court ordered community service california All e-mails, letters, notices, or any other communication between Ethan Brown and any representative or lawyer for Ascot. Counsel avers: The services rendered include communications attempting to enforce the settlement agreement and judgment, post judgment enforcement proceedings in this case, defending a separate action brought by Justin Bunnell, defending a separate interpleader brought by Ethan Brown, defending an Appeal brought by Justin Bunnell, and a whole host of other services. (Lindemann Decl. *Free 10 Piece Chicken McNuggets valid 1x thru 2/28/22 for first time app users at participating McDonald's. . This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. But what really got my attention was the security that empowered Lewis to make history: junk bonds. That is fatal. Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021. 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
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3.) Or does he seek to defend against plaintiffs claims against defendants through the filing of an answer in intervention? Navin: If you could ask Jerome Powell a question what would it be? McDonald told Business Insider. If the stock market falls by say 20-40 percent, you can expect a vol instrument such as UVXY or VOLQ to gain 100-200% so purchasing long-dated call options on those vehicles could deliver gains of 10X the gains on the instrument itself. 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. ET by Tomi Kilgore. James M Macdonald is Pres:Workplace Investing at Fidelity Investments. As soon as we found out he was under investigation, we no longer allowed him on our air, said a CNBC spokesperson. - Strategies to profit from a stock market decline 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 $900 billion stimulus package is necessary and was largely expected by investors but it won't be enough to limit the economic fallout of the pandemic, according to McDonald. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. The Hercules Fund aims to generate positive returns during times of rising and falling stock markets. James McDonald, the founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index options. Lindemann Decl. 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. (See 2/15/22 Minute Order at 2-3.) CEVA Logistics. Case Details Parties Documents Dockets. Now he's wanted on fraud charges. However, the Court file reflects that counsel for creditor has remotely appeared for each hearing since entry of the judgment. Includes initial monthly payment and selected options. Step 2) Generate $12 billion in index options profits for growth seeking investors. Offered the chance to ask him a few questions about todays markets, I said, of course, and heres how it went: John Navin: James, what's your background? Service shall be made personally or by mail. The proof of service indicates that debtors were served the motion by mail. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park Lewiss story was intriguing to me because he was the first African American to reach that milestone. Public Records Policy. 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. 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! On February 1, 2022, creditors ex parte application for order assigning right to payment was denied. Your activity looks suspicious to us. 2023 Informa USA, Inc., All rights reserved, Target Needs to Make You Want to Spend Again, Six Reasons 2023 Is the Year of the 1031 Exchange, 10 Must Reads for CRE Investors Today (Feb. 28, 2023), Goldman Turns to Make-or-Break Unit as Solomon Put to Test, For Many Homebuyers, Its New Construction or Nothing, The 12 Best Business Books of 2022 for Advisors, The Most-Revealing Onboarding Questions Advisors Ask, Allowed HTML tags: . 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. Access your favorite topics in a personalized feed while you're on the go. By clicking Sign up, you agree to receive marketing emails from Insider Search our database of over 100 million company and executive profiles. The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. Please try again. A locked padlock Even assuming that $1.45 million has been received by Mr. Browns account from Herculess insurer, it is either (1) Herculess money (which happens to be held its former counsel) or (2) money set aside to pay defense costs to Herculess counsel or claims by investors claiming losses. Registered in England and Wales. U.S. Attorney's Office, Central District of California, Environmental Crimes and Community Safety, Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses, Carson Man Sentenced to More Than 11 Years in Prison for Role in International Conspiracy to Launder Money Taken from Fraud Victims, Former MoviePass Executive Arrested on Indictment Alleging He Embezzled $260,000 from Employer to Repay Coachella Debt, Irvine Man Sentenced to 4 Years in Federal Prison for Fraudulently Obtaining $5 Million in COVID Loans He Spent on Sports Cars, Arcadia Man Charged With Securities Fraud For Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. NDAQ On its face, the number of hours appears to be without merit. James McDonald, CEO of Hercules Investments, told Yahoo Finance's "The First Trade" that the president and his advisors so far have paid close attention . 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. View James A McDonald's profile for company associations, background information, and partnerships. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. Though McDonald did respond to some records requests, he failed to show on the scheduled date. 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. 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. On 11/16/2021 HERCULES INVESTMENTS, LLC, filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL,. Fri, Feb 12 20212:08 PM EST RELATED 00:00 James McDonald's advice to the. keystyle mmc corp login; thomson reuters drafting assistant user guide. Explore our venture lending portfolio here. 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. For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker. edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. (whos only identified as suchin the complaint) a laptop and cell phone to secretly communicate with McDonald, as well as a thumb drive containing information about which clients were owed money. The Judge overseeing this case is MARGARET MILLER BERNAL. Pursuant to CCP 685.040, paragraph 13 of the stipulated judgment, and CCP 1033.5(10)(A), creditor Ginzburg is entitled to the reasonable and necessary costs of enforcing a judgment. Finally, one place to get all the court documents we need. Yet it's not his only passion he had a 12-year semi-pro football career and also won the 2018 Southern California Heavyweight Boxing Tournament. "As we see now, eventually reality strikes and changes things overnight. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. "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. His son, James McDonald, plays in Major League Baseball. That's especially true since recent progress on vaccines led many investors to expect a smooth return to normal life following their rollout, he said. James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. THE NAMES "Hercules Investments" AND "Hercules Fund". Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Share sensitive information only on official, secure websites. at 9), which the Court already addressed and denied (2/15/22 Minute Order). Small businesses are still facing closures at a record rate, while the pandemic is expected to push a further 10-15 million people into poverty. Indeed, Bunnell concedes he has no actual interest in participating in this litigation at all. McDonald will discuss why investors should be prepared for a looming 2021 stock market crash, after an unprecedented stock market surge since the March 2020 Covid-19-driven stock market lows. He appeared as a financial expert on TV. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). I became obsessed with making my own history through innovative use of a financial product. (Lindemann Decl. Proposed intervenor failed to include a copy of the proposed complaint in intervention or answer in intervention, as required by CCP 387(c). From this, the Court is hard pressed to make any finding as to what, if any, payments are due to the judgment creditors for purposes of assignment to plaintiff. (Brown Decl. Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. 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,. SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. Decl. And, now that you, the Justice Department and the SEC mention it, a lot of his stories sound a bit hard to believe. Prior to that he was CIO of Vishnu Wealth Management and CEO. James graduated from Harvard . For all the foregoing reasons, the motion is DENIED. [1] He played college basketball at Southern California (USC) and did not play college football. James McDonald: Im a football player first and foremost! Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? 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. Assistant United States Attorneys Carolyn S. Small and Alexander B. Schwab of the Major Frauds Section are prosecuting this case. Moreover, proposed intervenors failure to do so is telling, as it is not at all clear what Bunnell would hope to and could properly accomplish as an intervenor. Any litigation that stemmed from those losses would need to be disclosed if he went forward with the fund, according to the DOJ. 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,. 2022-01-21, Los Angeles County Superior Courts | Contract | When do you expect value stocks to take the lead again, if ever? 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. 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 . Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. 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. McDonald falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . [USA Today]. The SEC's complaint, which was filed in the Central District of California, charges McDonald and Hercules with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. Hercules investments is an award-winning portfolio manager serving growth-focused individual. You can lose money trading or investing in stocks and other instruments. (See Hood v. Gonzales (2019) 43 Cal.App.5th 57, 71 [interpleader is an equitable proceeding where the conflicting claims regarding the interpleaded funds are resolved]. portville central school yearbooks; jennette mccurdy astroseek. McDonald: I would ask him whether he believes that the Fed was successful in bolstering the economic stability of the people who needed it most (i.e. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, Web page addresses and e-mail addresses turn into links automatically. Official websites use .gov 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. 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. McDonald: Our calculations put the S&P at 2,889 and the Dow at 23,740by inauguration and if Biden wins, S&P 1,800 and Dow 15,000 by August 2021. ), 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. Read more about Hercules Capital's Fourth Quarter and Full-Year 2022 Results Life Sciences Technology SaaS Finance Sustainable + Renewable Investors should let a professional handle putting these trades on. 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. He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. 5.) Hercules Investments is part of the Finance industry, and located in California, United States. 2.) McDonald: Without question: Market Wizards Jack Schwager. Hercules Investments LLC Active 2019 1 Member Excel Known Addresses for James McDonald. McDonald, who faces up to 20 years imprisonment if convicted, is believed to be in hiding, the U.S. Attorneys office said in a news release. And the best part of all, documents in their CrowdSourced Library are FREE! Accounting and Auditing Enforcement Releases. Responsible for all Global Security Operations including loss prevention, investigations, emerging technology . Cancellation and Refund Policy, Privacy Policy, and He was named a "rising star" advisor in 2012 by ETF.com, frequently appeared on CNBC as a market analyst, including on "Fast Money" and "The Exchange," and Hercules Investments won a. How To Invest In Bitcoin By Two Harvard Minds. McDonald projected that the COVID-19 pandemic and the election would result in major selloffs that would cause the stock market to drop. A lock ( To Chowthi, the evidence indicates that McDonald is currently intentionally concealing his whereabouts., https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png, Hercules Investments CEO/CIO James McDonald. 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. McDonald: Conservative investors should move to money market funds or treasuries and wait for the crash to happen. A complaint contains allegations that a defendant has committed a crime. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. ${cardName} not available for the seller you chose. James McDonald - Latest News and breaking headlines - Benzinga Contribute SPY 412.68 0.04% QQQ 306.75 0.74% BTC/USD 22088.42 1.612% DIA 341.15 0.41% GLD 172.58 0.06% TLT 104.02 0.23% James. Being able to identify the turning points in sentiment is our secret to success. woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. Now he's wanted on fraud charges. In response, McDonald began soliciting funds for a purported capital raise for the company; as an avid football enthusiast, he claimed to be setting up a publicly traded mutual fund with the ticker symbol of NFLHX, but according to the Justice Department, this was a ruse concocted as the advisorcontinued to notinform clients about the seismic losses the firm suffered. 21STCV19709 in the Superior Court of California, County of Los Angeles. at 3.) 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. A California advisor and frequent CNBC commentator is on the run after being charged withdefrauding clients of millions, according to the Department of Justiceand the Securities and Exchange Commission. James McDonald works as a Chief Executive Officer at Hercules Investments, which is a Finance company with an estimated 6 employees; and founded in 2019. If Biden wins, he will make the necessary tough choices early on that will hammer the market: tax hikes, and sweeping lockdowns of the economy. 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. ), Under CCP 708.120, the examination of a third party in a postjudgment proceeding is limited to exploring the third partys possession of the judgment debtors property or any debt owed the judgment debtor. (Fox Johns Lazar Pekin & Wexler, APC v. Superior Court (2013) 219 Cal.App.4th 1210, 1222; see also CCP 708.120(a) [Upon . low income communities, small businesses). On February 10, 2022, plaintiff served a deposition subpoena seeking the production of business records on Ethan Brown, custodian of records for Brown Neri Smith & Khan LLP (BNSK). Second, the Court file reflects that the motions which creditor filed have been unsuccessful. CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. that a third person has possession or control of property in which the judgment debtor has an interest or is indebted to the judgment debtor in an amount exceeding two hundred fifty dollars ($250), the court shall make an order directing the third person to appear before the court, or before a referee appointed by the court, at a time and place specified in the order, to answer concerning such property or debt]. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. The stated reason for seeking ex parte relief is the purported irreparable harm and immediate danger of this Court granting plaintiffs Motion for Assignment without first determining whether Bunnell may intervene in this action and be heard as to that motion. The SEC appreciates the assistance of the U.S. Attorney's Office, the Federal Bureau of Investigation, and the Internal Revenue Service-Criminal Investigation Division. Markets have always crashed in the weeks and months following 52-week highs, and it could take only a change in sentiment to trigger a large sell-off, the investment chief said. 1718 Harriman Ln Redondo Beach, CA 90278 . UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. in Economics. (*******9709). 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. Clients began asking Hercules employees about losses in their accounts, and since McDonalds compensation primarily was based on a percentage of his clients assets (typically around 2% ofAUM at Hercules), thelosses meant steep declines in McDonalds own earnings, according to the DOJ. Strategy Voice Associates, LLC Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. When investors really want something they are willing to pay up, and stock prices rise. 4; Brown Supp. Attempting to bolster that showing, plaintiffs counsel states in a supplemental declaration that there is a gross settlement fund consist[ing] of $1,450,000 that is being held by Ethan Brown (Lindemann Supp. James McDonald, founder and CEO of Hercules Investments, has some advice for the next generation of Black Americans, "Go after what you want and be all that you can be." Tue, Feb 9. VS DANNY MICHAEL CORRAL, ET AL. 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. Or, you know, anywhere, really. Yet only 14.5% of the global market has been penetrated.
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