Chowthi said McDonald gave D.J. 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. 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. "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. 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:

. How to say james mcdonald in English? 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. 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, A California Limited Liability Company, et al., Court Case No. Please prove that you're human. He last appeared on the network in July 2021. 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,. 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). A North Richmond native, McDonald, his wife Mary Ann and their two daughters moved to Hercules in 1984. Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . If Trump wins, his handling of the virus may result in its prolonged detrimental effect on a recovery. (Lindemann Decl. 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. 2022-08-16, California Courts Of Appeal | Other | Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club thats right for you for free. 2021-11-16, Los Angeles County Superior Courts | Property | 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. Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. Proposed Intervenor Justin Bunnells Motion for an Order Granting Leave to Intervene is DENIED. On 11/16/2021 HERCULES INVESTMENTS, LLC, filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL,. He speaks with Bloomberg's Romaine Bostick and Taylor Riggs on . Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance A complaint contains allegations that a defendant has committed a crime. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. portville central school yearbooks; jennette mccurdy astroseek. Includes initial monthly payment and selected options. Our payment security system encrypts your information during transmission. 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. 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. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. Hercules Investments is part of the Finance industry, and located in California, United States. Prior to that he was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors. 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. 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. 2022-01-10. (Reply at 3.) A .gov website belongs to an official government organization in the United States. May 2021 - Present1 year 10 months. 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. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. (Lindemann Decl. First, the judgment was entered on December 9, 2021. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. If you're an investor, you'd want to look much deeper into each of these situations. Greater Los Angeles Area Financial Services Companies. Hercules Investments Chief Executive Officer James McDonald expects additional declines in tech stocks and the broader equity market. . View James A McDonald's profile for company associations, background information, and partnerships. (See Brown Decl. (Brown Decl. 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.. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 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. 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. Technology innovations are too powerful. Opinions expressed by Forbes Contributors are their own. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Eligible for Return, Refund or Replacement within 30 days of receipt. An official website of the United States government. 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. He appeared as a financial expert on TV. 1718 Harriman Ln Redondo Beach, CA 90278 . 2 at 5.) Prior to that he was CIO of Vishnu Wealth Management and CEO. When facing allegations such as these, its best not to be seen on TV. Lindemann Decl. Of course, like most of the people brought on by CNBC to explain how the market will react to certain things (like talking heads on any subject on any 24-hour news channel), being generally right about those things was not a booking requirement. 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. keystyle mmc corp login; thomson reuters drafting assistant user guide. LOUI RUDAS, ET AL. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. 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. Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021. Today were the largest index options trader on the CBOE and the largest trader of Nasdaq 100 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. 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 . November's blockbuster jobs report. 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. We'll be covering the markets, what stocks to look out for and more! 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 . In this virtual event, McDonald shares: - Why the markets are too optimistic about the Covid-19 vaccine Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. Shipping cost, delivery date, and order total (including tax) shown at checkout. Please try again. Enhancements you chose aren't available for this seller. Lock Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. 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. Charles Canter will lead the litigation. in Economics. 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. 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. 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. 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. He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. Could you describe what you mean by that? 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. We dont share your credit card details with third-party sellers, and we dont sell your information to others. By clicking Sign up, you agree to receive marketing emails from Insider 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. Moreover, the claimed fees are insufficiently supported. Finally, one place to get all the court documents we need. 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. 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. 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).). [USA Today]. When the market decline didnt occur, Hercules clients lost between $30 million and $40 million, according to the affidavit. In 2018, I earned Defensive MVP for my championship winning team and led the entire league in tackles. 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 has named Loreal McDonald as corporate counsel and interim chief operating officer. 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? No recommendations are made by the author of the blog one way or the other. ciaran.mcevoy@usdoj.gov 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. Fri, Feb 12 20212:08 PM EST RELATED 00:00 James McDonald's advice to the. Being able to identify the turning points in sentiment is our secret to success. 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.

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