james mcdonald hercules investments bio
Lock The opposite is true of course. at 9), which the Court already addressed and denied (2/15/22 Minute Order). 28, 2021 at 7:18 a.m. 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. Accordingly, to the extent that the post judgment enforcement proceedings in this case includes work on creditors ex parte application and motions, such work appears not to have been reasonable and necessary. This is the best and simplest approach, but these securities should not be traded by novice investors. Being able to identify the turning points in sentiment is our secret to success. | By . McDonald said recent valuations in the technology sector exceeded levels in the days and weeks before the major market crashes of 1929, 1987, 2001, and 2008. ET by Tomi Kilgore. The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. The SEC also filed a complaint against the registered investment advisor. James McDonald, the chief investment officer at Hercules Investments, told Business Insider that the news would be the catalyst for a protracted sell-off heading into the election.. 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. This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. LOS ANGELES, July 23, 2020 /PRNewswire/ -- Hercules Investments, a Los Angeles based Registered Investment Advisor and Independent Wealth Advisor, has announced the hire of Loreal McDonald as . McDonald projected that the COVID-19 pandemic and the election would result in major selloffs that would cause the stock market to drop. 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. I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. 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 Technology innovations are too powerful. SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. To begin with, plaintiff Semyon Ginzburg fails to sufficiently demonstrate that, for purposes of assignment, there are any monies due or to become due to the judgment creditor defendants. Prior to that he was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 The stock market is a big auction house. Number 8860726. 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. 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,. McDonald falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . 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,. 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. James McDonald is a 25-year veteran of the investment industry and was named one of America's top 10 investment advisors by ETF.com in 2012. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. 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. That seems not to be a proper basis for intervention under CCP 387, and Bunnell cites no meaningful authority for the proposition that he may intervene in an action for the limited purposes of participating in post-judgment proceedings or seeking to undermine the judgment already entered. Finally, one place to get all the court documents we need. According to Chowthi, D.J. 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. Ruth Ann Kwan in Department 72 Stanley Mosk Courthouse, Complaint; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Civil Case Cover Sheet; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Summons on Complaint; Issued and Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Notice of Case Assignment - Unlimited Civil Case; Filed by: Clerk. 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. 2 at 5.) *Free 10 Piece Chicken McNuggets valid 1x thru 2/28/22 for first time app users at participating McDonald's. On February 1, 2022, creditors ex parte application for order assigning right to payment was denied. Hercules Investments is the firm I founded solely to achieve these goals. Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. ${cardName} not available for the seller you chose. Web page addresses and e-mail addresses turn into links automatically. Our payment security system encrypts your information during transmission. If Trump wins, his handling of the virus may result in its prolonged detrimental effect on a recovery. NDAQ Covid-19 continues to spread rapidly and the vaccine rollout has been slower-than-expected, which is a worrisome combination for the economy and the stock market., The discussion will be streamed via Zoom at this link: https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q. Access your favorite topics in a personalized feed while you're on the go. . 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 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. For more information, please visit: https://hercules-investments.com/hercules-public/index.html, Media Contact Responsible for all Global Security Operations including loss prevention, investigations, emerging technology . Registered in England and Wales. 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,. Decl. 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. 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. They are part of the Executive team within the C-Suite Department and their management level is C-Level. 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. Hercules Capital started at outperform with $17.50 stock price target at Oppenheimer. 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. 21STCV19709 in the Superior Court of California, County of Los Angeles. 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. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. Alternatively, for those willing to accept risk? 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. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. We dont share your credit card details with third-party sellers, and we dont sell your information to others. 3.). Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. Chowthi said McDonald gave D.J. Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Ciaran McEvoy Have a question about Government Services? . 5.) Proposed intervenor failed to include a copy of the proposed complaint in intervention or answer in intervention, as required by CCP 387(c). May 2021 - Present1 year 10 months. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. [USA Today]. Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. low income communities, small businesses). Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). 1.) (See CCP 685.070(a) [listing costs that creditor may claim].). For this reason alone, the motion should be denied. 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,. [1] He played college basketball at Southern California (USC) and did not play college football. Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. 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. If you're an investor, you'd want to look much deeper into each of these situations. Share sensitive information only on official, secure websites. According to McDonalds former romantic partner and business associate, D.J., after the SEC subpoenaed records from Hercules and subpoenaed McDonald for testimony, McDonald told D.J. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. 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. Why is this public record being published online? Federal prosecutors charged McDonald with one count of. 1718 Harriman Ln Redondo Beach, CA 90278 . Produce all communications (including e-mails, text messages, or messages from any messaging service) between Hercules Investments, LLC and Justin Bunnell. CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. keystyle mmc corp login; thomson reuters drafting assistant user guide. Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment To add the following enhancements to your purchase, choose a different seller. Read more about Hercules Capital's Fourth Quarter and Full-Year 2022 Results Life Sciences Technology SaaS Finance Sustainable + Renewable Number 2 is market valuations. Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. James Arthur McDonald Jr. appears to be on the lam as he faces as much as 20 years in prison for allegedly defrauding investors, according to the Justice Department. See James M Macdonald's compensation, career history, education, & memberships. Houston, Texas, United States. You can lose money trading or investing in stocks and other instruments. Navin: Growth has been beating value for a number of years now. 2021-02-22, Los Angeles County Superior Courts | Contract | Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. 2022-08-16, California Courts Of Appeal | Other | To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. Investors should let a professional handle putting these trades on. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, A [Complaint in Interpleader].). But what really got my attention was the security that empowered Lewis to make history: junk bonds. (See 2/15/22 Minute Order at 2-3.) Now he's wanted on fraud charges. His son, James McDonald, plays in Major League Baseball. Now he's wanted on fraud charges. VS DANNY MICHAEL CORRAL, ET AL. Lewiss story was intriguing to me because he was the first African American to reach that milestone. in Economics. 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]. 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 . 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. 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 . 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. The Judge overseeing this case is MARGARET MILLER BERNAL. 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 . 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. He last appeared on the network in July 2021. Hercules investments is an award-winning portfolio manager serving growth-focused individual. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. James McDonald: Im a football player first and foremost! 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. Even large-cap companies such as Disney and Exxon-Mobil Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. In a recent note to clients, McDonald, who profited from the pandemic crash in March with bullish wagers on stock-market volatility, laid out three reasons the market is especially vulnerable to such a swift downturn right now. Plaintiff presented nothing else of relevance in support of the motion. We are sorry. Paperback $35.00 1 New from $35.00 This is the story of the James McDonald and the rise and fall of Hercules Investments. 5 & Ex. ", Read more: 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. 3.) 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. Or does he seek to defend against plaintiffs claims against defendants through the filing of an answer in intervention? 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. 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. "There are going to be explosive opportunities for investors," says James McDonald, CEO of investment firm Hercules Investments on November 12. Because judgment was not entered before this date, fees incurred from August 17, 2021 to December 9, 2021 necessarily could not have been incurred in enforcing the judgment. Tune in today to watch James McDonald, CEO of Hercules Investments, on CNBC's Fast Money at 2pm PST. 4.). Cancellation and Refund Policy, Privacy Policy, and - Why volatility as an asset class is key for 2021, Its important for investors to be prepared for stock market volatility, as the economic outlook remains fragile in 2021, McDonald said. 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. According to the complaint, McDonald also appears to have terminated his previous phone and email accounts and told one person that he planned to vanish.. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. (Reply at 3.) In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. Explore our venture lending portfolio here. In early 2021, McDonald solicited millions of dollars' worth of funds from investors in the form of a purported capital raise for Hercules but misrepresented how the funds would be used and failed to disclose the massive losses Hercules previously sustained. Value may lead however in terms of short term suitability for conservative investors. Anyone with information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles Field Office at (310) 477-6565. ), Pursuant to CCP 187 and 708.130, a judgment creditor may conduct postjudgment discovery on third parties regarding the location of assets no longer in the possession of the third party. (Yolanda's, Inc. v. Kahl & Goveia Commercial Real Estate (2017) 11 Cal.App.5th 509, 511, 514-15.) 2022-01-24, Los Angeles County Superior Courts | Contract | Accounting and Auditing Enforcement Releases. UVXY went from $12 to $120.
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