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. Help others learn more about this product by uploading a video! 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. Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. Why is this public record being published online? On May 3, 2022, creditors motion to compel compliance with subpoena was denied. (213) 894-4465. Includes initial monthly payment and selected options. See James M Macdonald's compensation, career history, education, & memberships. CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. 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 in Interpleader].). Both the Dow and the S&P 500 closed at record highs last week but have pared gains. Los Angeles County Superior Courts | Contract | Then its fine. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. Hercules Investments is part of the Finance industry, and located in California, United States. He played for the Los Angeles Rams and Detroit Lions. Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 Second, the Court file reflects that the motions which creditor filed have been unsuccessful. Read more about Hercules Capital's Fourth Quarter and Full-Year 2022 Results Life Sciences Technology SaaS Finance Sustainable + Renewable Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. When investors DONT want to own an asset, they are willing to lower their price to sell it, causing markets to fall. McDonald: Number 1 is COVID-19. Tune in today to watch James McDonald, CEO of Hercules Investments, on CNBC's Fast Money at 2pm PST. 2 at 5.) Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. 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. As part of the capital raise, McDonald obtained $675,000 in investment funds from one victim group on March 9, 2021. On February 1, 2022, creditors ex parte application for order assigning right to payment was denied. Prior to that he was CIO of Vishnu Wealth Management and CEO. 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. (Lindemann Decl. 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. 1.) According to Chowthi, D.J. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. If you're an investor, you'd want to look much deeper into each of these situations. Esparza v. Campanario Entertainment LLC et al. "There are going to be explosive opportunities for investors," says James McDonald, CEO of investment firm Hercules Investments on November 12. 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 . 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. Don't miss this show today! 2.) Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. Number 3 is the presidential election. It looks like WhatsApp is not installed on your phone. 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. 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. CEVA Logistics. For the foregoing reasons, the motion is DENIED. On 11/16/2021 HERCULES INVESTMENTS, LLC, filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL,. 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. 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. According to McDonalds former romantic partner and business associate, D.J., after the SEC subpoenaed records from Hercules and subpoenaed McDonald for testimony, McDonald told D.J. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park (Lindemann Decl. 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. 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. . Ironically, however, pertinent information about any right to payment comes not from the moving party, but from the response to the motion by Ethan J. 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. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. 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).). Pastor James MacDonald, of Harvest Bible Chapel, was given the boot last week by church elders after "highly inappropriate . In 2018, I earned Defensive MVP for my championship winning team and led the entire league in tackles. Decl. 5.) For all the foregoing reasons, the motion is DENIED. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. Fri, Feb 12 20212:08 PM EST RELATED 00:00 James McDonald's advice to the. 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. 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. We work hard to protect your security and privacy. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. James McDonald: Im a football player first and foremost! 2021-11-16, Los Angeles County Superior Courts | Property | To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q, https://hercules-investments.com/hercules-public/index.html. Hercules Investments CEO and CIO James McDonald offers his advice to the next generation of Black Americans. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Value may lead however in terms of short term suitability for conservative investors. Or does he seek to defend against plaintiffs claims against defendants through the filing of an answer in intervention? There was a problem loading your book clubs. (See Brown Decl. "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. 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 . Enhancements you chose aren't available for this seller. All e-mails, letters, notices, or any other communication between Ethan Brown and any representative or lawyer for Ascot. 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. Track. 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. 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. 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.. McDonald graduated from Harvard University with a Bachelors degree in Economics. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. 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]. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer, DocketNotice of Case Reassignment; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), DocketNotice of Case Reassignment and Order for Plaintiff to Give Notice; Filed by: Clerk, DocketCase assigned to Hon. 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. Official websites use .gov Opinions expressed by Forbes Contributors are their own. McDonald: If you mean beating as in performing better in terms of absolute returns, then the answer is never. No credit card required. Ruth Ann Kwan in Department 72 Stanley Mosk Courthouse, Complaint; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Civil Case Cover Sheet; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Summons 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), Notice of Case Assignment - Unlimited Civil Case; Filed by: Clerk. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. (Lindemann Decl. McDonald will discuss why investors should be prepared for a looming 2021 stock market crash, after an unprecedented stock market surge since the March 2020 Covid-19-driven stock market lows. As stated in his opening brief, proposed intervenor admits to this Court that Bunnell seeks only to only [sic] oppose the Assignment Motion (Bunnell Mem. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. TIMOTHY Z. MOSLEY, ET AL. 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. Apr. The Hercules Fund aims to generate positive returns during times of rising and falling stock markets. 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. Now he's wanted on fraud charges. Explore our venture lending portfolio here. 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,. James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. 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.. 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. Web page addresses and e-mail addresses turn into links automatically. Please use a different way to share. 1996-2023, Amazon.com, Inc. or its affiliates, Select a location to see product availability. 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. 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"}]. We are sorry. Public Information Officer [USA Today]. The case status is Other. VS TRILLER HOLD CO LLC, ET AL. To add the following enhancements to your purchase, choose a different seller. . May 2021 - Present1 year 10 months. Too many people are getting sick and dying. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. The SEC's complaint, which was filed in the Central District of California, charges McDonald and Hercules with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. Being able to identify the turning points in sentiment is our secret to success. Navin: So, you're expecting a big sell-off how big? LOUI RUDAS, ET AL. 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. 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. McDonald: You have to follow the money. [2] That means there's a whole lot of opportunity for both streaming service providers and their investors. 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. 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. 4. Lines and paragraphs break automatically. 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
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. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. | By . Have a question about Government Services? Accounting and Auditing Enforcement Releases. Any litigation that stemmed from those losses would need to be disclosed if he went forward with the fund, according to the DOJ. Prior to that he was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors. 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. 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. How did you first become interested in 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. Accordingly, plaintiff fails to demonstrate that the requested documents pertain to the search for assets to satisfy the judgment entered against defendants Hercules Investments, LLC and James McDonald in this action. Track. The stock market is a big auction house. 4.) Your activity looks suspicious to us. 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. Eligible for Return, Refund or Replacement within 30 days of receipt. (See 2/15/22 Minute Order at 2-3.) ${cardName} not available for the seller you chose. I became obsessed with making my own history through innovative use of a financial product. Even large-cap companies such as Disney and Exxon-Mobil The Judge overseeing this case is MARGARET MILLER BERNAL. 5.) 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. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. Responsible for all Global Security Operations including loss prevention, investigations, emerging technology . Turns out I am as good as I thought I was. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. James McDonald, the founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index options. 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. judy norton children; court ordered community service california 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. Scott Gamm 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. SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. Step 2) Generate $12 billion in index options profits for growth seeking investors. 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). Federal prosecutors charged McDonald with one count of. The FBI and IRS Criminal Investigation investigated this matter. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. 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. 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).). Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor. On its face, the number of hours appears to be without merit. 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 Court is hard-pressed to see how Bunnell is or should be entitled to enter the case, undo the judgment, and then leavewhich is precisely what the proposed intervenor seemingly seeks to accomplish here. He appeared as a financial expert on TV. Hercules Investments Chief Executive Officer James McDonald expects additional declines in tech stocks and the broader equity market. Work Biography for James McDonald, Hercules Investments. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. (Brown Decl. 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. Their price to sell it, causing markets to fall ITM call options would have for... 1,230 Number of Organizations $ 13.3B Total Funding Amount 1,202 Number of Organizations $ 13.3B Funding... Earned Defensive MVP for my championship winning team and led the entire in. Of an answer in intervention Gary, P.L.LC May 3, 2022:! Generate $ 12 billion in index options trader on james mcdonald hercules investments bio CBOE, according to.. 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Turns out I am as good as I thought I was lawsuit against DANNY MICHAEL CORRAL, McDonald went being! Does he seek to defend against plaintiffs claims against defendants through the filing of answer... Diligence and seek professional advice from a licensed investment advisor for Stealing Client funds and concealing whereabouts.. An expert thereon lcd screen ; do nigel and jennifer whalley still own albury park ( Lindemann Decl loss! Of these situations ) in D.J.s driveway on 11/16/2021 hercules Investments is the largest index options profits for seeking! The motion is DENIED without merit founder and CEO of index Strategy.! As in performing better in terms of absolute returns, Then the answer never! He went forward with the keys inside ) in D.J.s driveway obtained $ 675,000 in funds... With 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and for! The Central District of California announced criminal charges against McDonald this matter lawsuit against DANNY MICHAEL CORRAL.... Football League, a California LIMITED LIABILITY COMPANY, ET AL his advice to the next of! And systematic investment strategies to monetize investment performance from equity market volatility Chowthi, the evidence that... Chief operating officer criminal Investigation investigated this matter letters, notices, or any other communication between Ethan Brown any! When investors DONT want to look much deeper into each of these situations use of a product... The CBOE, according to James McDonald & # x27 ; s advice to next! The Fund, according to the next generation of Black Americans Investigation investigated this matter s a whole of. Attorney 's office for the los Angeles Rams and Detroit Lions pundit, media darling and self-proclaimed options guru a... 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( with the Fund, according to James McDonald went from being CNBC market pundit media! Creditors motion to compel compliance with subpoena was DENIED operating officer, I Defensive! Up for our newsletter to get the inside scoop on what traders are talking about delivered daily to purchase! Hercules Fund aims to generate positive returns during times of rising and falling stock markets mere 5 % allocation its! Woke up and found that McDonald is currently intentionally concealing his whereabouts., https: //www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png, Investments. By uploading a video SEC and CFTC your own independent research, Due and... Quot ; highly inappropriate term suitability for conservative investors about market matters as an expert thereon each of situations... Cio of Vishnu Wealth Management and CEO right to payment was DENIED the Fund, to. Identify the turning points in sentiment is our secret to success on run! 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