They are part of the Executive team within the C-Suite Department and their management level is C-Level. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. No credit card required. Chowthi said McDonald gave D.J. UVXY went from $12 to $120. Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. (Brown Decl. 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. 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 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. (Lindemann Decl. Moreover, creditor claims $149 for gas and mileage. NDAQ Indeed, Bunnell concedes he has no actual interest in participating in this litigation at all. 5.) 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. Step 2) Generate $12 billion in index options profits for growth seeking investors. Finally, one place to get all the court documents we need. First, the judgment was entered on December 9, 2021. The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. Ciaran McEvoy From what we see, there is still a clear disconnect between markets and the health of the economy. Explore our venture lending portfolio here. According to an affidavit filed with the complaint, McDonald frequently appeared as an analyst on the CNBC financial TV news network and was the CEO and chief investment officer of two companies: Hercules Investments LLC, based in downtown Los Angeles, and Index Strategy Advisors Inc. (ISA), based in Redondo Beach. However, the motion was not properly served. 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. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. at 3.) If the stock market falls by say 20-40 percent, you can expect a vol instrument such as UVXY or VOLQ to gain 100-200% so purchasing long-dated call options on those vehicles could deliver gains of 10X the gains on the instrument itself. Accounting and Auditing Enforcement Releases. 1996-2023, Amazon.com, Inc. or its affiliates, Select a location to see product availability. Case Details Parties Documents Dockets. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. ET by Tomi Kilgore. We dont share your credit card details with third-party sellers, and we dont sell your information to others. Strategy Voice Associates, LLC - The dangers of too much fiscal and monetary stimulus When the market continued to climb in 2021, McDonalds clients at Hercules lost between $30 and $40 million, according to the complaint. But my excellence at trading didnt happen overnight. 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. 1.) Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. 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. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. 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. (*******9709). 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. 2.) 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. I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. 4.) My intensity and competitiveness on the field is what makes me extremely effective as an investment manager. (Lindemann Decl. Assistant United States Attorneys Carolyn S. Small and Alexander B. Schwab of the Major Frauds Section are prosecuting this case. Look at what happened in February when the virus became known. 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. 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. Lewiss story was intriguing to me because he was the first African American to reach that milestone. 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). 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. Any litigation that stemmed from those losses would need to be disclosed if he went forward with the fund, according to the DOJ. XOM Track. If you do not agree with these terms, then do not use our website and/or services. Hercules investments is an award-winning portfolio manager serving growth-focused individual. Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. Proposed Intervenor Justin Bunnells Motion for an Order Granting Leave to Intervene is DENIED. When facing allegations such as these, its best not to be seen on TV. Please use a different way to share. This is the best and simplest approach, but these securities should not be traded by novice investors. Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021. Case Number: *******9709 Hearing Date: February 15, 2022 Dept: 72. The SEC also filed a complaint against the registered investment advisor. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. 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. An official website of the United States government. Further, creditor also seeks $55,477 in post-judgment interest. 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. A new strain of COVID-19, historically elevated tech . But what really got my attention was the security that empowered Lewis to make history: junk bonds. Secure .gov websites use HTTPS Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! James graduated from Harvard . He speaks with Bloomberg's Romaine Bostick and Taylor Riggs on . 2, 5 & Ex. 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. 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. Registered in England and Wales. Too many people are getting sick and dying. BROWN NERI SMITH & KHAN LLP, A LIMITED LIABILITY PARTNERSHIP, AND LAW FIRM VS JAMES A. MCDONALD, ET AL. There are 0 customer reviews and 1 customer rating. Los Angeles Financial Services Companies. The perceived future harm of the new COVID-19 strain in the UK will introduce additional risk to markets, according to McDonald. We'll be covering the markets, what stocks to look out for and more! (Reply at 3.) 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. 1718 Harriman Ln Redondo Beach, CA 90278 . Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. 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. 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. (Lindemann Decl. Read more about Hercules Capital's Fourth Quarter and Full-Year 2022 Results Life Sciences Technology SaaS Finance Sustainable + Renewable James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. And the best part of all, documents in their CrowdSourced Library are FREE! Second, between February and October 2021, McDonald offered and sold equity investments in Hercules itself, raising $1.5 million from two types of investors: one non-client group and two existing individual Hercules clients. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. How did you first become interested in markets? Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. Yet it's not his only passion he had a 12-year semi-pro football career and also won the 2018 Southern California Heavyweight Boxing Tournament. 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. 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. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance Web page addresses and e-mail addresses turn into links automatically. This of course is impossible, therefore equity valuations must eventually reflect economic plausibility. edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment - Strategies to profit from a stock market decline 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).). James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. There was a problem loading your book clubs. mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. He appeared as a financial expert on TV. On one morning in late October or early November 2021, D.J. . Being able to identify the turning points in sentiment is our secret to success. If you're an investor, you'd want to look much deeper into each of these situations. THE NAMES "Hercules Investments" AND "Hercules Fund". A .gov website belongs to an official government organization in the United States. 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? brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park ${cardName} unavailable for quantities greater than ${maxQuantity}. 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. McDonald: If you mean beating as in performing better in terms of absolute returns, then the answer is never. 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. Shipping cost, delivery date, and order total (including tax) shown at checkout. 4.) Plaintiff moves to compel BNSKs compliance with the subpoena, which directed BNSK to produce or do the following: All drafts of settlement agreement with Ascot, and the final signed copy of the settlement agreement with Ascot. "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. keystyle mmc corp login; thomson reuters drafting assistant user guide. 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. The $900 billion stimulus package is necessary and was largely expected by investors but it won't be enough to limit the economic fallout of the pandemic, according to McDonald. 2022-01-21, Los Angeles County Superior Courts | Contract | 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).). On February 1, 2022, creditors ex parte application for order assigning right to payment was denied. When investors really want something they are willing to pay up, and stock prices rise. 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, Preparing Investment Portfolios for a 2021 Stock Market Crash, on Thursday, January 14, 2021 at 3pm EST. Investors should let a professional handle putting these trades on. Anyone with information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles Field Office at (310) 477-6565. McDonald: Our calculations put the S&P at 2,889 and the Dow at 23,740by inauguration and if Biden wins, S&P 1,800 and Dow 15,000 by August 2021. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. ), Under CCP 708.120, the examination of a third party in a postjudgment proceeding is limited to exploring the third partys possession of the judgment debtors property or any debt owed the judgment debtor. (Fox Johns Lazar Pekin & Wexler, APC v. Superior Court (2013) 219 Cal.App.4th 1210, 1222; see also CCP 708.120(a) [Upon . Display information delivery Date, and we dont james mcdonald hercules investments bio your information to.. $ 149 for gas and mileage our newsletter to get all the court documents we need to improve your experience... 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