james mcdonald hercules investments bio

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. 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. 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. ${cardName} unavailable for quantities greater than ${maxQuantity}. 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. Too many people and firms over-complicate these basic truths. at 9), which the Court already addressed and denied (2/15/22 Minute Order). Through his other company, Index Strategy Advisors, McDonald used less than half of $3.6 million raised over more than two years in that firms investment fund for trading. For more information, please visit: https://hercules-investments.com/hercules-public/index.html, Media Contact Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. 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. 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. This is the story of how his charm and 'hubris' was so powerful, after one of his presentations, someone asked if they could join his cult. VS TRILLER HOLD CO LLC, ET AL. There was a problem loading your book clubs. James Mcdonald Email & Phone Number Chief Executive Officer @ Hercules Investments 5 free lookups per month. McDonald graduated from Harvard University with a Bachelors degree in Economics. He last appeared on the network in July 2021. 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. Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. Both the Dow and the S&P 500 closed at record highs last week but have pared gains. 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. 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. 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. 2-3, 5 & Ex. Amazon has encountered an error. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. 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. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. 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. Enhancements you chose aren't available for this seller. 4.). How to say james mcdonald in English? 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 LLC Active 2019 1 Member Excel Known Addresses for James McDonald. 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).). You can lose money trading or investing in stocks and other instruments. McDonald, who faces up to 20 years imprisonment if convicted, is believed to be in hiding, the U.S. Attorneys office said in a news release. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. Technology innovations are too powerful. . The perceived future harm of the new COVID-19 strain in the UK will introduce additional risk to markets, according to McDonald. McDonald allegedly also falsely represented to clients that ISA, his other firm, was a registered investment adviser, even though he had withdrawn ISA as a state-registered investment adviser firm in May 2019. Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. 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 We dont share your credit card details with third-party sellers, and we dont sell your information to others. - The dangers of too much fiscal and monetary stimulus 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. 1996-2023, Amazon.com, Inc. or its affiliates, Select a location to see product availability. The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. McDonald: Without question: Market Wizards Jack Schwager. James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. Number 3 is the presidential election. 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. 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. 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. Strategy Voice Associates, LLC 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. The SEC also filed a complaint against the California-based advisor and frequent CNBC commentator. . 312 North Spring Street 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. 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. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. McDonald told Business Insider. 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. 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. - Why volatility as an asset class is key for 2021, Its important for investors to be prepared for stock market volatility, as the economic outlook remains fragile in 2021, McDonald said. . Things are escalating quickly for the folks behind StraightPath Venture Partners. 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. keystyle mmc corp login; thomson reuters drafting assistant user guide. low income communities, small businesses). Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Web page addresses and e-mail addresses turn into links automatically. I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. That product for me ended up being index options. (Lindemann Decl. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. 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. The SEC's investigation was conducted by David S. Brown, Carol Kim, and Matthew O. Koop and was supervised by Marc J. Blau in the Los Angeles Regional Office. Or before an SEC investigator. (See Brown Decl. Hercules Investments CIO James McDonald on CNBC The Exchange Chowthi said McDonald gave D.J. 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. 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. Instead, McDonald spent more than $1 million of the money on his own expenses, and used more than $2 million on Ponzi-like payments to Hercules clients and business expenses for the firm, according to the SEC complaint against him. ET by Tomi Kilgore. 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. 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.. But some clients discovered Hercules plight, and confronted McDonald on a phone call in March 2021, while McDonald continued to send ISA clients false account statements, according to Chowthis complaint. 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. 2) and that [t]he insurance policy that generated the fund is referred to in the Settlement Agreement at 5. (Supp. HERCULES INVESTMENTS, LLC, ET AL. 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. The case status is Other. To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. 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. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance How did you first become interested in markets? Track. Read more about Hercules Capital's Fourth Quarter and Full-Year 2022 Results Life Sciences Technology SaaS Finance Sustainable + Renewable Opinions expressed by Forbes Contributors are their own. Value may lead however in terms of short term suitability for conservative investors. James Macdonald will celebrate 62nd birthday on a Tuesday 4th of October 2022. McDonald: Number 1 is COVID-19. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. options. Please use a different way to share. On 11/16/2021 HERCULES INVESTMENTS, LLC, filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL,. They are part of the Executive team within the C-Suite Department and their management level is C-Level. Please prove that you're human. (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]. On its face, the number of hours appears to be without merit. In response, McDonald began soliciting funds for a purported capital raise for the company; as an avid football enthusiast, he claimed to be setting up a publicly traded mutual fund with the ticker symbol of NFLHX, but according to the Justice Department, this was a ruse concocted as the advisorcontinued to notinform clients about the seismic losses the firm suffered. For this reason alone, the motion should be denied. A .gov website belongs to an official government organization in the United States. 2.) Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. That seems not to be a proper basis for intervention under CCP 387, and Bunnell cites no meaningful authority for the proposition that he may intervene in an action for the limited purposes of participating in post-judgment proceedings or seeking to undermine the judgment already entered. 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. Lock Second, the Court file reflects that the motions which creditor filed have been unsuccessful. James graduated from Harvard . 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. 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. Today were the largest index options trader on the CBOE and the largest trader of Nasdaq 100 A new strain of COVID-19, historically elevated tech . Now he's wanted on fraud charges. The founder of a Chicago megachurch has been fired as its leader. 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. McDonald: You have to follow the money. And, now that you, the Justice Department and the SEC mention it, a lot of his stories sound a bit hard to believe. LOUI RUDAS, ET AL. "As we see now, eventually reality strikes and changes things overnight. Because in addition to unemployed, he can also now call himself whistleblower.. 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. ), Pursuant to CCP 187 and 708.130, a judgment creditor may conduct postjudgment discovery on third parties regarding the location of assets no longer in the possession of the third party. (Yolanda's, Inc. v. Kahl & Goveia Commercial Real Estate (2017) 11 Cal.App.5th 509, 511, 514-15.) Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. 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,. That product for me ended up being index options ( 2017 ) 11 Cal.App.5th 509, 511,.... 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