Or, you know, anywhere, really. Los Angeles Financial Services Companies. VS JAMES A. MCDONALD, JR., ET AL. 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. The opposite is true of course. Our payment security system encrypts your information during transmission. However, the Court file reflects that counsel for creditor has remotely appeared for each hearing since entry of the judgment. On its face, the number of hours appears to be without merit. Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. 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 . Finally, one place to get all the court documents we need. V.P., Director of Strategic Initiatives, BBVA Compass, Houston, TX, 2002- 2006 Direct report to the CEO of the $12 Billion AUM Wealth Management Group (WMG). An official website of the United States government. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. Search our database of over 100 million company and executive profiles. 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 . (213) 894-4465. Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. 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 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 book or books would you recommend for someone interested in learning about markets? 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. 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. ${cardName} unavailable for quantities greater than ${maxQuantity}. 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. 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. 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. On February 1, 2022, creditors ex parte application for order assigning right to payment was denied. Please try again. When the market decline didnt occur, Hercules clients lost between $30 million and $40 million, according to the affidavit. Case Number: *******9709 Hearing Date: February 15, 2022 Dept: 72. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. Second, the Court file reflects that the motions which creditor filed have been unsuccessful. (Brown Decl. If Trump wins, his handling of the virus may result in its prolonged detrimental effect on a recovery. 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. A complaint contains allegations that a defendant has committed a crime. James McDonald, Hercules Investments James McDonald founded his most recent company, Hercules Investments , in 2019 after spending about two decades in the finance industry. 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. The petition shall include a copy of the proposed complaint in intervention or answer in intervention and set forth the grounds upon which intervention rests. (CCP 387(c).). Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. 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. . Public Records Policy. 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. 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. Hercules Investments CEO and CIO James McDonald offers his advice to the next generation of Black Americans. (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]. 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. James graduated from Harvard . Pursuant to CCP 708.510, a judgment creditor may seek by way of noticed motion an order that the judgment debtor assign to the judgment creditor all or part of a right to payment due or to become due. (CCP 708.510(a).). 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. 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. 4.) (Brown Decl. For this reason alone, the motion should be denied. Arcadia Man Charged with Securities Fraud for. Fri, Feb 12 20212:08 PM EST RELATED 00:00 James McDonald's advice to the. A [Complaint in Interpleader].). Docket Updated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC 06/14/2021 Docket Case reassigned to Stanley Mosk Courthouse in Department 72 - Hon. Today were the largest index options trader on the CBOE and the largest trader of Nasdaq 100 BEN CECCHINI, ET AL. 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. On Oct. 1, 2021, attorneys from the SEC contacted McDonalds attorneys and scheduled an Oct. 14 interview, but McDonald responded that he was getting new counsel and could not makethe appointment; the SEC eventually subpoenaed him for records and to appear on Nov. 16. Apr. 2022-01-24, Los Angeles County Superior Courts | Contract | To add the following enhancements to your purchase, choose a different seller. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Hercules Investments, LLC and Justin Bunnell. 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: . Share sensitive information only on official, secure websites. Through his other company, Index Strategy Advisors, McDonald used less than half of $3.6 million raised over more than two years in that firms investment fund for trading. 1.) Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. Moreover, the claimed fees are insufficiently supported. The complaint also charges McDonald with violating Section 206(4) of the Advisers Act and Rule 206(4)-8 thereunder, which prohibit certain transactions by investment advisers. Hercules Capital is the largest business development company focused on venture lending, and the lender of choice for innovative entrepreneurs and their venture capital partners. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance There are dozens of ratios stemming from a/d that consistently benefit the type of active investing we do and they give us clarity on the sentiment of investors as it shifts back and forth between greed and fear. That is fatal. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. Decl. Work Biography for James McDonald, Hercules Investments. 633 W 5th Street, Los Angeles, CA 90071 Access your favorite topics in a personalized feed while you're on the go. NDAQ 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. Moreover, creditor claims $149 for gas and mileage. For the foregoing reasons, the motion is DENIED. 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. mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. Amazon has encountered an error. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Why? | By . 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. The SEC also filed a complaint against the registered investment advisor. 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. We dont share your credit card details with third-party sellers, and we dont sell your information to others. "The idea that tech stocks should keep rising in the face of the Covid-induced headwinds was an idea rooted in historic optimism," he said. Hercules Investments CIO James McDonald on CNBC The Exchange He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. In this virtual event, McDonald shares: - Why the markets are too optimistic about the Covid-19 vaccine 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. 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. [USA Today]. at 3.) low income communities, small businesses). 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. Why is this public record being published online? Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. November's blockbuster jobs report. Currently, S&P 500 price levels imply that the economy is stronger now and will be stronger in the short-term future than it was PRIOR to the beginning of the pandemic. 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. They are part of the Executive team within the C-Suite Department and their management level is C-Level. Scott Gamm Houston, Texas, United States. 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. 2 at 5.) Navin: Growth has been beating value for a number of years now. 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. 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. This of course is impossible, therefore equity valuations must eventually reflect economic plausibility. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. 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. Federal prosecutors charged McDonald with one count of. 1718 Harriman Ln Redondo Beach, CA 90278 . All e-mails, letters, notices, or any other communication between Ethan Brown and any representative or lawyer for Ascot. 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. Hercules Investments, LLC, A California Limited Liability Company, et al., Court Case No. 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. His son, James McDonald, plays in Major League Baseball. Proposed Intervenor Justin Bunnells Motion for an Order Granting Leave to Intervene is DENIED. Decl. Secure .gov websites use HTTPS However, the motion was not properly served. Though McDonald did respond to some records requests, he failed to show on the scheduled date. Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. Ciaran McEvoy UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. Because in addition to unemployed, he can also now call himself whistleblower.. 2, 5 & Ex. Accordingly, the claim of 531.4 hours is insufficiently supported. Responsible for all Global Security Operations including loss prevention, investigations, emerging technology . (See Brown Decl. 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. According to the U.S. Attorney's Office, McDonald's . Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. 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. 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. 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. After injuries in high school, as a non-scholarship walk-on player, I ended up playing college football in Maryland and was having a stellar season as a freshman until I suffered a catastrophic knee injury that rendered me disabled for the next 15 years. From what we see, there is still a clear disconnect between markets and the health of the economy. James McDonald, Hercules Investments founder and CEO, said Friday that the news of President Donald Trump contracting COVID-19 could "completely change the direction of the campaign," and. Too many people are getting sick and dying. Web page addresses and e-mail addresses turn into links automatically. Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. Anyone with information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles Field Office at (310) 477-6565. 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. He speaks with Bloomberg's Romaine Bostick and Taylor Riggs on . After transferring to and graduating from Harvard, I set a career path with a firm intent to make a positive meaningful impact in the industry and personally to culminate my business career with the purchase of an NFL team for myself. 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. 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 - 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. Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them.Learn more how customers reviews work on Amazon, [{"displayPrice":"$35.00","priceAmount":35.00,"currencySymbol":"$","integerValue":"35","decimalSeparator":".","fractionalValue":"00","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"pjKvPbaCzTFGz7tm%2F4plpNBIHaGsThf1FzF2RcINGAblEr2D%2BPhusKDR7sd54ZbiPtyEWzdH%2BRY9V0EgvA2dziukOK7HD1nO6KVW%2F23KTXYaw7l%2BpJAbpdYHQjsWc0qrKCFg5%2FoCSEsG%2FTMsMfFffg%3D%3D","locale":"en-US","buyingOptionType":"NEW"},{"displayPrice":"$35.00","priceAmount":35.00,"currencySymbol":"$","integerValue":"35","decimalSeparator":".","fractionalValue":"00","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":null,"locale":"en-US","buyingOptionType":"PICKUP"}]. Why Should White Guys Have All the Fun by Blair Walker. 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. 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. 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.
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