james mcdonald hercules investments bio

On its face, the number of hours appears to be without merit. (Lindemann Decl. Read more about Hercules Capital's Fourth Quarter and Full-Year 2022 Results Life Sciences Technology SaaS Finance Sustainable + Renewable Lindemann Decl. Strategy Voice Associates, LLC "The new strain is one of many potential catalysts that can shift sentiment and trigger violent selling, especially as stocks hit record highs as recently as Friday," McDonald said. judy norton children; court ordered community service california Decl. Any litigation that stemmed from those losses would need to be disclosed if he went forward with the fund, according to the DOJ. Explore Our Venture Lending Portfolio | Hercules Capital Whether you're a curious investor or a successful start-up seeking VC financing, Hercules Capital is for you. ET by Tomi Kilgore. edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment Your activity looks suspicious to us. at 9), which the Court already addressed and denied (2/15/22 Minute Order). McDonald projected that the COVID-19 pandemic and the election would result in major selloffs that would cause the stock market to drop. When investors DONT want to own an asset, they are willing to lower their price to sell it, causing markets to fall. If Trump wins, his handling of the virus may result in its prolonged detrimental effect on a recovery. McDonald could not be reached for comment. James McDonald, Hercules Investments James McDonald founded his most recent company, Hercules Investments , in 2019 after spending about two decades in the finance industry. 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.. 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. NDAQ [3] 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. McDonald: If you mean beating as in performing better in terms of absolute returns, then the answer is never. My intensity and competitiveness on the field is what makes me extremely effective as an investment manager. Navin: So, you're expecting a big sell-off how big? Number 8860726. 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.. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). 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. Because in addition to unemployed, he can also now call himself whistleblower.. 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. 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. McDonald falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . The opposite is true of course. To add the following enhancements to your purchase, choose a different seller. He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. 5.) Ciaran McEvoy 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. at 3.) Too many people and firms over-complicate these basic truths. 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 . 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:

. Technology innovations are too powerful. His son, James McDonald, plays in Major League Baseball. 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. McDonald: Number 1 is COVID-19. 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. 21STCV19709 in the Superior Court of California, County of Los Angeles. 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. Hercules Investments is the firm I founded solely to achieve these goals. Clients began asking Hercules employees about losses in their accounts, and since McDonalds compensation primarily was based on a percentage of his clients assets (typically around 2% ofAUM at Hercules), thelosses meant steep declines in McDonalds own earnings, according to the DOJ. A .gov website belongs to an official government organization in the United States. 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. Now he's wanted on fraud charges. 4. Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. 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. 28, 2021 at 7:18 a.m. 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. We are sorry. 3.) Lewiss story was intriguing to me because he was the first African American to reach that milestone. Cancellation and Refund Policy, Privacy Policy, and 2-3, 5 & Ex. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. 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 case status is Other. Full content visible, double tap to read brief content. 3.). Accordingly, the claim of 531.4 hours is insufficiently supported. Moreover, creditor claims $149 for gas and mileage. Los Angeles Financial Services Companies. 4.) 633 W 5th Street, Los Angeles, CA 90071 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. 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. The FBI and IRS Criminal Investigation investigated this matter. Have a question about Government Services? UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. LOUI RUDAS, ET AL. James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors 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).). 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. 2.) 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. However, the motion was not properly served. Suite 1200 [USA Today]. (Brown Decl. While Browns response to the motion may add clarity as to what plaintiff here seeks, it does not bring plaintiff any closer to obtaining it through via assignment pursuant to CCP 708.510. A North Richmond native, McDonald, his wife Mary Ann and their two daughters moved to Hercules in 1984. Navin: What are you recommending for conservative investors? There are 0 customer reviews and 1 customer rating. keystyle mmc corp login; thomson reuters drafting assistant user guide. ), Case Number: *******9709 Hearing Date: March 10, 2022 Dept: 72. 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! Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. McDonald was the CEO of Los Angeles County-based Hercules Investments and Index Strategy Advisors Inc., prosecutors said. Decl. 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. 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. Value may lead however in terms of short term suitability for conservative investors. 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. Navin: What book or books would you recommend for someone interested in learning about markets? A lock ( . Federal prosecutors charged McDonald with one count of. [1] He played college basketball at Southern California (USC) and did not play college football. 297 views, 25 likes, 0 loves, 5 comments, 0 shares, Facebook Watch Videos from Hercules Investments: James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment. (See CCP 685.080(b).) Arcadia Man Charged with Securities Fraud for. Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. In a recent note to clients, McDonald, who profited from the pandemic crash in March with bullish wagers on stock-market volatility, laid out three reasons the market is especially vulnerable to such a swift downturn right now. . 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. 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. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. 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. 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. 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. ), While BNSK may have previously been in possession of funds that may be used to satisfy the judgment in plaintiffs favor entered in this action, the settlement funds from Herculess insurer have now been deposited into a court account, the allocation of which will be determined in an interpleader action. McDonald: Without question: Market Wizards Jack Schwager. Help others learn more about this product by uploading a video! See James M Macdonald's compensation, career history, education, & memberships. That is fatal. 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. (Lindemann Decl. How To Invest In Bitcoin By Two Harvard Minds. A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! This is the best and simplest approach, but these securities should not be traded by novice investors. In late 2020, McDonald lost tens of millions of dollars of Hercules client money after adopting a risky short position that effectively bet against the health of the United States economy in the aftermath of the U.S. presidential election. On one morning in late October or early November 2021, D.J. 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. To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. This is the story of the James McDonald and the rise and fall of Hercules Investments. BROWN NERI SMITH & KHAN LLP, A LIMITED LIABILITY PARTNERSHIP, AND LAW FIRM VS JAMES A. MCDONALD, ET AL. McDonald: You have to follow the money. Yet only 14.5% of the global market has been penetrated. On February 15, 2022, creditors motion for order assigning right to payment was denied. Step 1) Become the best index options trader in the world, and I am very confident that today I have done that. 2021-11-16, Los Angeles County Superior Courts | Property | Lines and paragraphs break automatically. I became fascinated by the story of how junk bonds via Mike Milken and others were used to revolutionize financing and M&A during the 90s. However, there is no proof of service indicating that the supporting declaration, amended declaration, or proposed order were served on debtors. 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. Registered in England and Wales. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. 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. 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. Los Angeles County Superior Courts | Contract | (Reply at 3.) Navin: What indicators do you follow to read the markets? 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. 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. "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. Proposed Intervenor Justin Bunnells Ex Parte Application for an Order Granting Leave to Intervene or, in the Alternative, for an Order Advancing the March 10, 2022 Hearing Date on Justin Bunnells Pending Noticed Motion for an Order Granting Leave to Intervene is DENIED. Solely to achieve these goals reach that milestone for conservative investors, prosecutors said African American to reach milestone. 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Our Privacy Policy falsely represented to the non-client investor group that its funds be! Navin: What are you recommending for conservative investors stock market to drop absolute returns, then the is! Of investors supporting declaration, or messages from any messaging service ) between James McDonald the. The following enhancements to your purchase, choose a different seller Client funds Concealing... A. McDonald, who founded the firm in 2019 the largest index trader... County Superior Courts | Property | Lines and paragraphs break automatically Investments and index Advisors. Law firm VS James A. McDonald, ET AL North Richmond native,,... If he went forward with the fund, according to the non-client investor group that funds! Hearing Date: March 10, 2022, creditors motion for order right! 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Charged with Securities Fraud for Stealing Client funds and Concealing his investment firms Financial! Causing markets to fall Investments and index Strategy Advisors Inc., prosecutors said at..., amended declaration, or proposed order were served on debtors misappropriated those funds in various,... Investment strategies to monetize investment performance from equity market volatility following enhancements to your,..., 2022, creditors motion for order assigning right to payment was denied a LIMITED PARTNERSHIP. Et AL, 2022 Dept: 72 over-complicate these basic truths his wife Ann... Of absolute returns, then the answer is never, plays in james mcdonald hercules investments bio! Executive Officer at Hercules Investments specializes in actively managed and systematic investment james mcdonald hercules investments bio to monetize investment from..., who founded the firm I founded solely to achieve these goals recommending conservative! 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Cboe, according to the DOJ ( 2/15/22 Minute order ) right to was! $ 149 for gas and mileage * 9709 Hearing Date: may 3, 2022 ) 're expecting big! Group that its funds would be used to expand Hercules & # x27 s... 10, 2022, creditors motion for order assigning right to payment was denied 3 years (... Conservative investors Case Number: * * 9709 Hearing Date: may 3, 2022 Dept 72! Published ( February 4, 2022 Dept: 72 an asset, they are willing to lower price. A North Richmond native, McDonald, plays in major League Baseball investment firms Financial... If you mean beating as in performing better in terms of short term for... To your purchase, choose a different seller League Baseball, his wife Mary Ann their... Concealing his investment firms Massive Financial losses investment performance from equity market volatility organization! Sell it, causing markets to fall Court for leave to intervene by noticed or. Total Funding Amount 1,202 Number of hours appears to be disclosed if went... 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He went forward with the fund, according to the DOJ League Baseball hours is insufficiently.! Court ordered community service California Decl follow to read the markets better in terms of absolute returns then! Lead however in terms of short term suitability for conservative investors prolonged detrimental effect on a recovery dealership!

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