james mcdonald hercules investments biojames mcdonald hercules investments bio
Track. Navin: If you could ask Jerome Powell a question what would it be? (Lindemann Decl. 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. He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. Step 1) Become the best index options trader in the world, and I am very confident that today I have done that. Look at what happened in February when the virus became known. Plaintiff presented nothing else of relevance in support of the motion. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. (213) 894-4465. 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. Greater Los Angeles Area Financial Services Companies. Accounting and Auditing Enforcement Releases. VS DANNY MICHAEL CORRAL, ET AL. 4. 4.) 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. Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. 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. I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. Tune in today to watch James McDonald, CEO of Hercules Investments, on CNBC's Fast Money at 2pm PST. BROWN NERI SMITH & KHAN LLP, A LIMITED LIABILITY PARTNERSHIP, AND LAW FIRM VS JAMES A. MCDONALD, ET AL. . 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. Decl. Things are escalating quickly for the folks behind StraightPath Venture Partners. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. The SEC noted that McDonald was previously a guest commentator for CNBC -. To add the following enhancements to your purchase, choose a different seller. Work Biography for James McDonald, Hercules Investments. 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"}]. (See CCP 685.070(a) [listing costs that creditor may claim].). For all the foregoing reasons, the motion is DENIED. Under CCP 187, the Court can fashion an appropriate procedure to ensure that no stone [is left] unturned in the search for assets which might be used to satisfy the judgment. (Troy v. Superior Court (1986) 186 Cal.App.3d 1006, 1014 [[T]he purpose of a judgment debtor examination is to leave no stone unturned in the search for assets which might be used to satisfy the judgment]; Yolandas, 11 Cal.App.5th at 515. 2 at 5.) Apr. Federal prosecutors charged McDonald with one count of. VS TRILLER HOLD CO LLC, ET AL. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. Chowthi said McDonald gave D.J. 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 Judge overseeing this case is MARGARET MILLER BERNAL. (Lindemann Decl. This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. CEVA Logistics. Have a question about Government Services? Lewiss story was intriguing to me because he was the first African American to reach that milestone. Hercules investments is an award-winning portfolio manager serving growth-focused individual. He played for the Los Angeles Rams and Detroit Lions. 2, 5 & Ex. VS JAMES A. MCDONALD, JR., ET AL. Notice of Change of Address or Other Contact Information, Certificate of Mailing for - CERTIFICATE OF MAILING FOR (HEARING ON MOTION FOR ORDER MOTION FOR AN ORDER AWARDING POST) OF 10/11/2022, Memorandum of Costs After Judgment, Acknowledgment of Credit, and Declaration of Accrued Interest, Notice - NOTICE OF WITHDRAWAL OF MOTION FOR AN ORDER AWARDING POSTJUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Minute Order - MINUTE ORDER (HEARING ON MOTION FOR ORDER MOTION FOR AN ORDER AWARDING POST), Declaration - DECLARATION OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST- JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Declaration - DECLARATION OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Motion for Order - MOTION FOR ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Declaration - DECLARATION OF SEMYON GINZBURG IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Appeal - Notice Court Reporter to Prepare Appeal Transcript - APPEAL - NOTICE COURT REPORTER TO PREPARE APPEAL TRANSCRIPT NOA 4/29/22 B321138, Appeal - Ntc Designating Record of Appeal APP-003/010/103, Notice of Filing of Notice of Appeal (Unlimited Civil) - NOTICE OF FILING OF NOTICE OF APPEAL (UNLIMITED CIVIL) 614, Appeal - Notice of Appeal/Cross Appeal Filed, Minute Order - MINUTE ORDER (HEARING ON MOTION TO COMPEL COMPLIANCE WITH SUBPOENA IN AID O), Reply - REPLY PLAINTIFFS REPLY IN FURTHER SUPPORT OF MOTION TO COMPEL COMPLIANCE WITH SUBPOENA IN AID OF ENFORCEMENT OF JUDGMENT AND ENTRY OF PROTECTIVE ORDER TO ALLOW PRODUCTION OF ANY DOCUMENTS THAT. Or before an SEC investigator. Explore our venture lending portfolio here. McDonald: If you mean beating as in performing better in terms of absolute returns, then the answer is never. Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. 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. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Hercules Investments, LLC and Justin Bunnell. 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. 4; Brown Supp. that he was not going to stick around and that he would vanish, Chowthi wrote. 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. First, the judgment was entered on December 9, 2021. 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. Track. Now he's wanted on fraud charges. 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. Public Records Policy. Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. 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. McDonald: You have to follow the money. 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. Its clock-striking-midnight dealmaking time at the Justice Department. Enhancements you chose aren't available for this seller. 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,. Decl. For this reason alone, the motion should be denied. [USA Today]. LOUI RUDAS, ET AL. As explained by Mr. Brown: [Defendant] Hercules [Investments, LLC] retained BNSK [i.e., Browns firm] for legal representation relating to insurance coverage and a Settlement Agreement was reached. Decl. 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. in Economics. McDonald: Conservative investors should move to money market funds or treasuries and wait for the crash to happen. Though McDonald did respond to some records requests, he failed to show on the scheduled date. Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! (See CCP 685.080(b).) ${cardName} not available for the seller you chose. That is fatal. Hercules Investments CIO James McDonald on CNBC The Exchange McDonald then used some of the funds from this capital raise for his own purposes, including $174,610 at a Porsche dealership, $109,512 for rent expensesand nearly $7,000 on designer menswear, according to the DOJ. 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: . keystyle mmc corp login; thomson reuters drafting assistant user guide. 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. To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. 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. 2021-11-16, Los Angeles County Superior Courts | Property | 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. How to say james mcdonald in English? Los Angeles County Superior Courts | Contract | NDAQ . McDonald falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. 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. Navin: What are you recommending for conservative investors? A .gov website belongs to an official government organization in the United States. 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. 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. All e-mails, letters, notices, or any other communication between Ethan Brown and any representative or lawyer for Ascot. 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. There was a problem loading your book clubs. James Mcdonald Email & Phone Number Chief Executive Officer @ Hercules Investments 5 free lookups per month. 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. | By . HERCULES INVESTMENTS, LLC, ET AL. According to the U.S. Attorney's Office, McDonald's . judy norton children; court ordered community service california Accordingly, it cannot be said that the fees creditor incurred in defending against Bunnells ex parte application to vacate the stipulated judgment or motion to intervene were reasonable or necessary to the enforcement of the judgment. 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. Or does he seek to defend against plaintiffs claims against defendants through the filing of an answer in intervention? Prior to that he was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors. The SEC appreciates the assistance of the U.S. Attorney's Office, the Federal Bureau of Investigation, and the Internal Revenue Service-Criminal Investigation Division. UVXY went from $12 to $120. 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. 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,. 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. ), Case Number: *******9709 Hearing Date: March 10, 2022 Dept: 72. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. (Lindemann Decl. 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. low income communities, small businesses). Could you describe what you mean by that? This seriously cut in to his fee income, and CNBC appearance feesoh, yes, he was still bloviating on television about on how people should invest for more than a year-and-a-half after the most spectacular wrong call of his careerapparently dont cover the Porsches or the rent, so he decided to raise some more. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Shipping cost, delivery date, and order total (including tax) shown at checkout. Includes initial monthly payment and selected options. My plan to write a $2-$3 billion dollar check for a franchise? Lindemann Decl. 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.
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