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. Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! 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. On its face, the number of hours appears to be without merit. He speaks with Bloomberg's Romaine Bostick and Taylor Riggs on . 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. scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. [1] He played college basketball at Southern California (USC) and did not play college football. McDonald: Without question: Market Wizards Jack Schwager. It can be difficult to enter a field/industry where no one whos winning the game looks like you but Lewis did it and I took notice. 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. 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). CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. How did you first become interested in markets? 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. It looks like WhatsApp is not installed on your phone. 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. 3.) (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]. 2022-01-21, Los Angeles County Superior Courts | Contract | VS TRILLER HOLD CO LLC, ET AL. 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. Don't miss this show today! The SEC also filed a complaint against the California-based advisor and frequent CNBC commentator. Indeed, Bunnell concedes he has no actual interest in participating in this litigation at all. Too many people are getting sick and dying. The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. judy norton children; court ordered community service california Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. Fri, Feb 12 20212:08 PM EST RELATED 00:00 James McDonald's advice to the. 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 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. Case Details Parties Documents Dockets. Why Should White Guys Have All the Fun by Blair Walker. A lock ( low income communities, small businesses). James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. Cancellation and Refund Policy, Privacy Policy, and 2021-11-16, Los Angeles County Superior Courts | Property | Access your favorite topics in a personalized feed while you're on the go. 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 falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . Amazon has encountered an error. In 1992, I became interested in markets after reading a book (Why Should White Guys Have All the Fun by Blair Walker) about Reginald Lewis who amassed a $1 billion fortune in the 80s and 90s through M&A. Apr. 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,. 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. That product for me ended up being index options. | By . His son, James McDonald, plays in Major League Baseball. 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. On May 3, 2022, creditors motion to compel compliance with subpoena was denied. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. HERCULES INVESTMENTS, LLC, ET AL. Opinions expressed by Forbes Contributors are their own. Enhancements you chose aren't available for this seller. 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. 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. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. 4; Brown Supp. 3.) A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. 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. Please try again. 4.) On one morning in late October or early November 2021, D.J. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. James McDonald is a 25-year veteran of the investment industry and was named one of America's top 10 investment advisors by ETF.com in 2012. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based . LOS ANGELES A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a federal criminal complaint alleging he lied to investors. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, He played for the Los Angeles Rams and Detroit Lions. (213) 894-4465. Moreover, the claimed fees are insufficiently supported. Further, creditor also seeks $55,477 in post-judgment interest. 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. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. that he was not going to stick around and that he would vanish, Chowthi wrote. James Macdonald will celebrate 62nd birthday on a Tuesday 4th of October 2022. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. McDonald: Number 1 is COVID-19. 3.). Things are escalating quickly for the folks behind StraightPath Venture Partners. To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. The United States Securities and Exchange Commission subpoenaed McDonald to testify before it in November 2021, but without advance notice he failed to appear as required. 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.. Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. When do you expect value stocks to take the lead again, if ever? In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. McDonald could not be reached for comment. The Dow Jones industrial average could drop to as low as 15,000, a roughly 50% drop from current levels, he added. 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. Los Angeles County Superior Courts | Contract | James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. The SEC noted that McDonald was previously a guest commentator for CNBC -. Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. To the extent the requested documents may serve as evidence the settlement was intended to satisfy plaintiffs claims asserted in this action (or was somehow made in bad faith to cheat plaintiff), discovery for that purpose may be germane to plaintiffs claims of equitable entitlement to the funds deposited in the interpleader action and must be sought in connection therewith. According to the complaint, McDonald falsely represented that investor funds would be used to expand Hercules's business, lied about the firm's financial condition, and failed to disclose that he had promised Hercules clients that the firm would repay earlier losses. Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? Track. [3] The stock market is a big auction house. ) or https:// means youve safely connected to the .gov website. Lists Featuring This Company. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club thats right for you for free. Charles Canter will lead the litigation. "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. Eligible for Return, Refund or Replacement within 30 days of receipt. 2) and that [t]he insurance policy that generated the fund is referred to in the Settlement Agreement at 5. (Supp. As part of the capital raise, McDonald obtained $675,000 in investment funds from one victim group on March 9, 2021. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. (Brown Decl. How to say james mcdonald in English? Shipping cost, delivery date, and order total (including tax) shown at checkout. The opposite is true of course. 2 at 5.) 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. In 2018, I earned Defensive MVP for my championship winning team and led the entire league in tackles. Prior to that he was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors. Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer, Notice of Case Reassignment; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Notice of Case Reassignment and Order for Plaintiff to Give Notice; Filed by: Clerk, Case assigned to Hon. 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