Decl. The perceived future harm of the new COVID-19 strain in the UK will introduce additional risk to markets, according to McDonald. And the best part of all, documents in their CrowdSourced Library are FREE! Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . In 2018, I earned Defensive MVP for my championship winning team and led the entire league in tackles. VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. On 11/16/2021 HERCULES INVESTMENTS, LLC, filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL,. Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. By clicking Sign up, you agree to receive marketing emails from Insider . The SEC also filed a complaint against the registered investment advisor. "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. And, now that you, the Justice Department and the SEC mention it, a lot of his stories sound a bit hard to believe. proof by the judgment creditor . 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. 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. Work Biography for James McDonald, Hercules Investments. Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. 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. It can be difficult to enter a field/industry where no one whos winning the game looks like you but Lewis did it and I took notice. He last appeared on the network in July 2021. ${cardName} unavailable for quantities greater than ${maxQuantity}. 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. James graduated from Harvard . He speaks with Bloomberg's Romaine Bostick and Taylor Riggs on . Paperback $35.00 1 New from $35.00 This is the story of the James McDonald and the rise and fall of Hercules Investments. A new strain of COVID-19, historically elevated tech . Accounting and Auditing Enforcement Releases. Hercules Investments Chief Executive Officer James McDonald expects additional declines in tech stocks and the broader equity market. Hercules Capital started at outperform with $17.50 stock price target at Oppenheimer. 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. Help others learn more about this product by uploading a video! 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. A locked padlock 3.) Further, creditor also seeks $55,477 in post-judgment interest. Lists Featuring This Company. Scott Gamm To the extent the requested documents may serve as evidence the settlement was intended to satisfy plaintiffs claims asserted in this action (or was somehow made in bad faith to cheat plaintiff), discovery for that purpose may be germane to plaintiffs claims of equitable entitlement to the funds deposited in the interpleader action and must be sought in connection therewith. 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. Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. 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. Moreover, creditor claims $149 for gas and mileage. ${cardName} not available for the seller you chose. 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. . When do you expect value stocks to take the lead again, if ever? 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. Decl. We work hard to protect your security and privacy. [3] 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. My investigation has revealed that McDonalds fraudulent capital raise is part of a broader pattern of deceptive conduct, which includes the creation of false account statements for ISA clients, his ongoing misrepresentation to clients that ISA was a registered investment adviser even after he had terminated its registration, and even misleading statements about his educational background, according toFBI Special Agent Robert Chowthi, according to the criminal complaint. According to the complaint, McDonald falsely represented that investor funds would be used to expand Hercules's business, lied about the firm's financial condition, and failed to disclose that he had promised Hercules clients that the firm would repay earlier losses. First, the judgment was entered on December 9, 2021. 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. If you do not agree with these terms, then do not use our website and/or services. Chowthi said McDonald gave D.J. 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. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). Being able to identify the turning points in sentiment is our secret to success. 2, 5 & Ex. Turns out I am as good as I thought I was. 312 North Spring Street
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! 2022-01-21, Los Angeles County Superior Courts | Contract | No recommendations are made by the author of the blog one way or the other. A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. Greater Los Angeles Area Financial Services Companies. mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. The SEC alleges that McDonald commingled the investor funds with Hercules assets and his personal assets, and used $440,000 of those funds for personal expenses, including to pay his personal credit card bills. In an initial declaration, counsel for plaintiff confusingly and without providing context, corroboration, or support states: The settlement agreement underlying the Judgment, and communication, refers to the fact that the payment will come from the Ascot insurance policy. (Lindemann Decl. Now he's wanted on fraud charges. James McDonald, Hercules Investments James McDonald founded his most recent company, Hercules Investments , in 2019 after spending about two decades in the finance industry. Second, the Court file reflects that the motions which creditor filed have been unsuccessful. (Lindemann Decl. McDonald: Without question: Market Wizards Jack Schwager. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. Lines and paragraphs break automatically. For more information, please visit: https://hercules-investments.com/hercules-public/index.html, Media Contact In late 2020, McDonald lost tens of millions of dollars of Hercules client money after adopting a risky short position that effectively bet against the health of the United States economy in the aftermath of the U.S. presidential election. They are part of the Executive team within the C-Suite Department and their management level is C-Level. CEVA Logistics. Share sensitive information only on official, secure websites. (213) 894-4465. UVXY went from $12 to $120. Explore our venture lending portfolio here. Amazon has encountered an error. 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 is the co-author of How To Invest In Bitcoin By Two Harvard Minds. Hes a graduate of Harvard University with a B.A. Navin: So, you're expecting a big sell-off how big? Number 2 is market valuations. November's blockbuster jobs report. options. 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 . I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 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]. HERCULES INVESTMENTS, LLC, ET AL. McDonald: Number 1 is COVID-19. - The dangers of too much fiscal and monetary stimulus Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! Hercules Investments is the firm I founded solely to achieve these goals. 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. 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. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. at 9), which the Court already addressed and denied (2/15/22 Minute Order). 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. That product for me ended up being index options. Shipping cost, delivery date, and order total (including tax) shown at checkout. 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. Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. When facing allegations such as these, its best not to be seen on TV. On February 15, 2022, creditors motion for order assigning right to payment was denied. As soon as we found out he was under investigation, we no longer allowed him on our air, said a CNBC spokesperson. There are 0 customer reviews and 1 customer rating. Why Should White Guys Have All the Fun by Blair Walker. VOLQ is even better because it can be used to protect gains and principal in tech holdings. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Have a question about Government Services? Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Cancellation and Refund Policy, Privacy Policy, and By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, Number 3 is the presidential election. A North Richmond native, McDonald, his wife Mary Ann and their two daughters moved to Hercules in 1984. 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. James McDonald, the founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index options. 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. Both the Dow and the S&P 500 closed at record highs last week but have pared gains. 21STCV19709 in the Superior Court of California, County of Los Angeles. Please prove that you're human. My plan to write a $2-$3 billion dollar check for a franchise? (Lindemann Decl. 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. Today were the largest index options trader on the CBOE and the largest trader of Nasdaq 100 (See CCP 685.080(b).) Plaintiff contends that the requested documents are pertinent to the efforts to collection on the judgment, including ascertaining available insurance and concerning the assets of judgment debtors Hercules Investments, LLC and James McDonald that are being held, obstructed, or concealed by third parties. How To Invest In Bitcoin By Two Harvard Minds. Number 8860726. 3.) I became obsessed with making my own history through innovative use of a financial product. (See CCP 685.070(a) [listing costs that creditor may claim].). NDAQ 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.. 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. I do not hold positions in these investments. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. 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). Case Number: *******9709 Hearing Date: February 15, 2022 Dept: 72. Eligible for Return, Refund or Replacement within 30 days of receipt. 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. Navin: What indicators do you follow to read the markets? Instead, McDonald spent more than $1 million of the money on his own expenses, and used more than $2 million on Ponzi-like payments to Hercules clients and business expenses for the firm, according to the SEC complaint against him. Step 2) Generate $12 billion in index options profits for growth seeking investors. Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. The Adviser grants to the Trust a license to use the names "Hercules Investments" and "Hercules Fund" (the "Name") as part of the name of any Fund during the term of this Agreement. Why is this public record being published online? 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. 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: . As explained by Mr. Brown: [Defendant] Hercules [Investments, LLC] retained BNSK [i.e., Browns firm] for legal representation relating to insurance coverage and a Settlement Agreement was reached. For all the foregoing reasons, the motion is DENIED. Access your favorite topics in a personalized feed while you're on the go. 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.. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. Navin: What are you recommending for conservative investors? 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. 2021-11-16, Los Angeles County Superior Courts | Property | 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. Navin: If you could ask Jerome Powell a question what would it be? How to say james mcdonald in English? As part of the capital raise, McDonald obtained $675,000 in investment funds from one victim group on March 9, 2021. However, there is no proof of service indicating that the supporting declaration, amended declaration, or proposed order were served on debtors. McDonald allegedly also falsely represented to clients that ISA, his other firm, was a registered investment adviser, even though he had withdrawn ISA as a state-registered investment adviser firm in May 2019. Lock Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 Though McDonald did respond to some records requests, he failed to show on the scheduled date. 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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