1718 Harriman Ln Redondo Beach, CA 90278 . Accounting and Auditing Enforcement Releases. portville central school yearbooks; jennette mccurdy astroseek. 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. (213) 894-4465. James McDonald, the founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index options. This seriously cut in to his fee income, and CNBC appearance feesoh, yes, he was still bloviating on television about on how people should invest for more than a year-and-a-half after the most spectacular wrong call of his careerapparently dont cover the Porsches or the rent, so he decided to raise some more. 1996-2023, Amazon.com, Inc. or its affiliates, Select a location to see product availability. James Macdonald will celebrate 62nd birthday on a Tuesday 4th of October 2022. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. 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. CEVA Logistics. When the market decline didnt occur, Hercules clients lost between $30 million and $40 million, according to the affidavit. 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. Chowthi said McDonald gave D.J. Hercules Capital started at outperform with $17.50 stock price target at Oppenheimer. For this reason alone, the motion should be denied. Amazon has encountered an error. 2022-01-24, Los Angeles County Superior Courts | Contract | Paperback $35.00 1 New from $35.00 This is the story of the James McDonald and the rise and fall of Hercules Investments. Pastor James MacDonald, of Harvest Bible Chapel, was given the boot last week by church elders after "highly inappropriate . "The new strain is one of many potential catalysts that can shift sentiment and trigger violent selling, especially as stocks hit record highs as recently as Friday," McDonald said. Decl. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. 2 at 5.) Los Angeles Financial Services Companies. 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 . James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. McDonald: You have to follow the money. 2022-01-21, Los Angeles County Superior Courts | Contract | Apr. 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. TIMOTHY Z. MOSLEY, ET AL. Navin: What indicators do you follow to read the markets? SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. Wealth Management is part of the Informa Connect Division of Informa PLC. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. 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. Yet only 14.5% of the global market has been penetrated. [3] Official websites use .gov 4.) 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. Notice of Change of Address or Other Contact Information, Certificate of Mailing for - CERTIFICATE OF MAILING FOR (HEARING ON MOTION FOR ORDER MOTION FOR AN ORDER AWARDING POST) OF 10/11/2022, Memorandum of Costs After Judgment, Acknowledgment of Credit, and Declaration of Accrued Interest, Notice - NOTICE OF WITHDRAWAL OF MOTION FOR AN ORDER AWARDING POSTJUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Minute Order - MINUTE ORDER (HEARING ON MOTION FOR ORDER MOTION FOR AN ORDER AWARDING POST), Declaration - DECLARATION OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST- JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Declaration - DECLARATION OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Motion for Order - MOTION FOR ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Declaration - DECLARATION OF SEMYON GINZBURG IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Appeal - Notice Court Reporter to Prepare Appeal Transcript - APPEAL - NOTICE COURT REPORTER TO PREPARE APPEAL TRANSCRIPT NOA 4/29/22 B321138, Appeal - Ntc Designating Record of Appeal APP-003/010/103, Notice of Filing of Notice of Appeal (Unlimited Civil) - NOTICE OF FILING OF NOTICE OF APPEAL (UNLIMITED CIVIL) 614, Appeal - Notice of Appeal/Cross Appeal Filed, Minute Order - MINUTE ORDER (HEARING ON MOTION TO COMPEL COMPLIANCE WITH SUBPOENA IN AID O), Reply - REPLY PLAINTIFFS REPLY IN FURTHER SUPPORT OF MOTION TO COMPEL COMPLIANCE WITH SUBPOENA IN AID OF ENFORCEMENT OF JUDGMENT AND ENTRY OF PROTECTIVE ORDER TO ALLOW PRODUCTION OF ANY DOCUMENTS THAT. 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.. My intensity and competitiveness on the field is what makes me extremely effective as an investment manager. Hercules Investments Chief Executive Officer James McDonald expects additional declines in tech stocks and the broader equity market. A locked padlock Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. His son, James McDonald, plays in Major League Baseball. This of course is impossible, therefore equity valuations must eventually reflect economic plausibility. You can lose money trading or investing in stocks and other instruments. James McDonald, CEO at Los Angeles-based alternative investment manager Hercules Investments has a trade which would profit from the stock market dropping back to March lows. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. When investors really want something they are willing to pay up, and stock prices rise. Ruth Ann Kwan in Department 72 Stanley Mosk Courthouse, DocketComplaint; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), DocketCivil Case Cover Sheet; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), DocketSummons 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), DocketNotice of Case Assignment - Unlimited Civil Case; Filed by: Clerk, Case Number: *******9709 Hearing Date: October 11, 2022 Dept: 72, MOTION FOR POST-JUDGMENT COSTS AND ATTORNEY FEES INCURRED IN ENFORCING JUDGMENT, Case: Semyon Ginzburg v. Hercules Investments, LLC et al. 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. The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. 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]. Now he's wanted on fraud charges. (Lindemann Decl. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. Full content visible, double tap to read brief content. Things are escalating quickly for the folks behind StraightPath Venture Partners. First, the judgment was entered on December 9, 2021. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park 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 best way to follow the money is to identify advancers versus decliners across as many industries, sub-sectors, regions, and asset classes as possible. 4.) VS TRILLER HOLD CO LLC, ET AL. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. 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? This is the best and simplest approach, but these securities should not be traded by novice investors. 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. 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. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. Registered in England and Wales. Includes initial monthly payment and selected options. 2, 5 & Ex. 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. The perceived future harm of the new COVID-19 strain in the UK will introduce additional risk to markets, according to McDonald. ET by Tomi Kilgore. 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. We'll be covering the markets, what stocks to look out for and more! (See Brown Decl. (*******9709). 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. Look at what happened in February when the virus became known. 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. McDonald projected that the COVID-19 pandemic and the election would result in major selloffs that would cause the stock market to drop. Houston, Texas, United States. (Lindemann Decl. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. McDonald was the CEO and chief investment officer for two registered companies; Hercules Investments, based in Los Angeles, and Index Strategy Advisors, which was based in Redondo Beach. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 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. 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. 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. Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. (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]. Hercules Investments LLC Active 2019 1 Member Excel Known Addresses for 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. 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. 633 W 5th Street, Los Angeles, CA 90071 That product for me ended up being index options. The SEC alleges that McDonald, a former guest commentator on CNBC, raised more than $5.1 million from 23 investors and clients, and misappropriated more than $2.9 million of those funds for personal expenses and Ponzi-like payments to earlier investors. 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. A thought-leader in education with a well-rounded background that includes hands-on and comprehensive experience identifying and addressing student differences in background, experiences,. 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. "As we see now, eventually reality strikes and changes things overnight. Navin: If you could ask Jerome Powell a question what would it be? 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. November's blockbuster jobs report. Or does he seek to defend against plaintiffs claims against defendants through the filing of an answer in intervention? He recommended investors have exposure to volatility instruments, which can offset losses in core holdings if markets fall. 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 (Brown Decl. 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. 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