James Macdonald will celebrate 62nd birthday on a Tuesday 4th of October 2022. He last appeared on the network in July 2021. 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. Hercules Investments is the firm I founded solely to achieve these goals. Please try again. The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. 2) and that [t]he insurance policy that generated the fund is referred to in the Settlement Agreement at 5. (Supp. low income communities, small businesses). Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. Further, creditor also seeks $55,477 in post-judgment interest. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. 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,. See James M Macdonald's compensation, career history, education, & memberships. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park keystyle mmc corp login; thomson reuters drafting assistant user guide. McDonald could not be reached for comment. ET by Tomi Kilgore. 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. woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. 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. Work Biography for James McDonald, Hercules Investments. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. His son, James McDonald, plays in Major League Baseball. On its face, the number of hours appears to be without merit. 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. (See 2/15/22 Minute Order at 2-3.) Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. Greater Los Angeles Area Financial Services Companies. (Lindemann Decl. Hercules investments is an award-winning portfolio manager serving growth-focused individual. . 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. Now he's wanted on fraud charges. There are 0 customer reviews and 1 customer rating. Chowthi said McDonald gave D.J. From what we see, there is still a clear disconnect between markets and the health of the economy. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, 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. According to the U.S. Attorney's Office, McDonald's . According to the DOJ, McDonalds troubles began after taking risky short positions in 2020, betting that the U.S. economy, and the stock market,would crater due to the COVID-19 pandemic and the 2020 presidential election. 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. McDonald: You have to follow the money. Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. VOLQ is even better because it can be used to protect gains and principal in tech holdings. However, the motion was not properly served. 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 . 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. 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. Please prove that you're human. 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. No recommendations are made by the author of the blog one way or the other. Los Angeles Financial Services Companies. My intensity and competitiveness on the field is what makes me extremely effective as an investment manager. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. (See Brown Decl. As soon as we found out he was under investigation, we no longer allowed him on our air, said a CNBC spokesperson. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses [press release]He appeared as a financial expert on TV. (See Ex Parte App. 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,. | By . Moreover, creditor claims $149 for gas and mileage. McDonald projected that the COVID-19 pandemic and the election would result in major selloffs that would cause the stock market to drop. 5 & Ex. ), Case Number: *******9709 Hearing Date: March 10, 2022 Dept: 72. Esparza v. Campanario Entertainment LLC et al. James M Macdonald is Pres:Workplace Investing at Fidelity Investments. Official websites use .gov Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. (Reply at 3.) Creditor seeks fees for 531.4 hours incurred at an hourly rate of $500 for collecting and enforcing the settlement agreement and judgment between August 17, 2021 and September 1, 2022. Unfortunately, according to the Justice Department and SEC, he didnt tell those new investors about all the money he lost on the election, nor precisely what he was going to do with it, as dropping $174K at a Porsche dealership and paying $110K to his landlord are not the same thing as launching a mutual fund. (whos only identified as suchin the complaint) a laptop and cell phone to secretly communicate with McDonald, as well as a thumb drive containing information about which clients were owed money. 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. 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. 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. 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. Why Should White Guys Have All the Fun by Blair Walker. Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. "Risks here are as high or higher than potential gains, so it only makes sense to have a defense in place," McDonald concluded. 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 $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. 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. 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. Counsel avers: The services rendered include communications attempting to enforce the settlement agreement and judgment, post judgment enforcement proceedings in this case, defending a separate action brought by Justin Bunnell, defending a separate interpleader brought by Ethan Brown, defending an Appeal brought by Justin Bunnell, and a whole host of other services. (Lindemann Decl. Step 1) Become the best index options trader in the world, and I am very confident that today I have done that. Scott Gamm James McDonald: Im a football player first and foremost! The SEC's complaint alleges that McDonald raised over $3.6 million from investors between May 2019 and October 2021 for the stated purpose of trading securities through an investment vehicle called the Index Strategy Advisors Fund, and that McDonald used less than half those funds for trading and did not engage in any trading with the funds for long stretches of time. He played for the Los Angeles Rams and Detroit Lions. Now he's wanted on fraud charges. 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. Things are escalating quickly for the folks behind StraightPath Venture Partners. Includes initial monthly payment and selected options. 2022-08-16, California Courts Of Appeal | Other | (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]. 2022-01-24, Los Angeles County Superior Courts | Contract | 2, 5 & Ex. 2021-11-16, Los Angeles County Superior Courts | Property | Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). 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). 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 opposite is true of course. November's blockbuster jobs report. 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. (Brown Decl. Public Records Policy. 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 Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. Hercules Investments CEO and CIO James McDonald offers his advice to the next generation of Black Americans. 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. I do not hold positions in these investments. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. VS DANNY MICHAEL CORRAL, ET AL. Wealth Management is part of the Informa Connect Division of Informa PLC. 4; Brown Supp. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. For more information, please visit: https://hercules-investments.com/hercules-public/index.html, Media Contact 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 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 . By clicking Sign up, you agree to receive marketing emails from Insider 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. This is the story of the James McDonald and the rise and fall of Hercules Investments. Prior to that he was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors. Eligible for Return, Refund or Replacement within 30 days of receipt. Value may lead however in terms of short term suitability for conservative investors. Lindemann Decl. 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. 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. 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 . 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. 2021-02-22, Los Angeles County Superior Courts | Contract | 5.) For all the foregoing reasons, the motion is DENIED. ", Read more: 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. NDAQ 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. 5.) In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. I knew from the first time I stepped on the field at 11 years old that I wanted to be an NFL linebacker; and today at 49 years old, I still wish I could play in the NFL! 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).). 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. 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. TIMOTHY Z. MOSLEY, ET AL. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. - The dangers of too much fiscal and monetary stimulus 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. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based . Please try again. (See CCP 685.070(a) [listing costs that creditor may claim].). That product for me ended up being index options. Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. Full content visible, double tap to read brief content. 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. ), 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 . mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. Houston, Texas, United States. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance May 2021 - Present1 year 10 months. When do you expect value stocks to take the lead again, if ever? Hercules Investments CIO James McDonald on CNBC The Exchange 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. Look at what happened in February when the virus became known. This of course is impossible, therefore equity valuations must eventually reflect economic plausibility. 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. 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). I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. However, interest is not the type of cost that can be claimed in this motion. Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. 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. Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. in Economics. 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. 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).). James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. Don't miss this show today! Los Angeles, California 90012. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. However, the Court file reflects that counsel for creditor has remotely appeared for each hearing since entry of the judgment. The founder of a Chicago megachurch has been fired as its leader. Federal prosecutors charged McDonald with one count of. We work hard to protect your security and privacy. Paperback $35.00 1 New from $35.00 This is the story of the James McDonald and the rise and fall of Hercules Investments. 1996-2023, Amazon.com, Inc. or its affiliates, Select a location to see product availability. Registered in England and Wales. BROWN NERI SMITH & KHAN LLP, A LIMITED LIABILITY PARTNERSHIP, AND LAW FIRM VS JAMES A. MCDONALD, ET AL. 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. A .gov website belongs to an official government organization in the United States. Navin: So, you're expecting a big sell-off how big? ciaran.mcevoy@usdoj.gov Service shall be made personally or by mail. The proof of service indicates that debtors were served the motion by mail. scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. 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