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:

. 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. He recommended investors have exposure to volatility instruments, which can offset losses in core holdings if markets fall. On May 3, 2022, creditors motion to compel compliance with subpoena was denied. 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. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. ciaran.mcevoy@usdoj.gov To begin with, plaintiff Semyon Ginzburg fails to sufficiently demonstrate that, for purposes of assignment, there are any monies due or to become due to the judgment creditor defendants. Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating officer. 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 . In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. 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. A [Complaint in Interpleader].). Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. Case Number: *******9709 Hearing Date: February 15, 2022 Dept: 72. CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. Secure .gov websites use HTTPS Navin: What indicators do you follow to read the markets? UVXY went from $12 to $120. Shipping cost, delivery date, and order total (including tax) shown at checkout. Offered the chance to ask him a few questions about todays markets, I said, of course, and heres how it went: John Navin: James, what's your background? Now he's wanted on fraud charges. in commitments IPO and M&A exits companies funded assets under management co-investments with VC & PE firms new debt & equity commitments in commitments IPO and M&A exits UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. 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. 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. Help others learn more about this product by uploading a video! Houston, Texas, United States. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. 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. 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. 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,. James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. 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. . If you're an investor, you'd want to look much deeper into each of these situations. According to the U.S. Attorney's Office, McDonald's . 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. For more information, please visit: https://hercules-investments.com/hercules-public/index.html, Media Contact 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. Includes initial monthly payment and selected options. McDonald projected that the COVID-19 pandemic and the election would result in major selloffs that would cause the stock market to drop. The SEC also filed a complaint against the registered investment advisor. 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. | By . 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. Esparza v. Campanario Entertainment LLC et al. Have a question about Government Services? 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. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. We work hard to protect your security and privacy. Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! He last appeared on the network in July 2021. I do not hold positions in these investments. McDonald: If you mean beating as in performing better in terms of absolute returns, then the answer is never. 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. And, now that you, the Justice Department and the SEC mention it, a lot of his stories sound a bit hard to believe. A locked padlock Don't miss this show today! Chowthi said McDonald gave D.J. Why is this public record being published online? 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. Access your favorite topics in a personalized feed while you're on the go. Hercules Investments LLC Active 2019 1 Member Excel Known Addresses for James McDonald. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. BEN CECCHINI, ET AL. And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. 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 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. 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. woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. He appeared as a financial expert on TV. 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. (Reply at 3.) Lists Featuring This Company. 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. Attempting to bolster that showing, plaintiffs counsel states in a supplemental declaration that there is a gross settlement fund consist[ing] of $1,450,000 that is being held by Ethan Brown (Lindemann Supp. The SEC also filed a complaint against the California-based advisor and frequent CNBC commentator. 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. 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. XOM The perceived future harm of the new COVID-19 strain in the UK will introduce additional risk to markets, according to McDonald. 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. 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. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? A complaint contains allegations that a defendant has committed a crime. Please try again. 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 Chief Executive Officer James McDonald expects additional declines in tech stocks and the broader equity market. 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. 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. at 3.) This of course is impossible, therefore equity valuations must eventually reflect economic plausibility. This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. Opinions expressed by Forbes Contributors are their own. 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. Case Details Parties Documents Dockets. Its clock-striking-midnight dealmaking time at the Justice Department. Charles Canter will lead the litigation. Our payment security system encrypts your information during transmission. Hercules investments is an award-winning portfolio manager serving growth-focused individual. Official websites use .gov Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. 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. Technology innovations are too powerful. I became obsessed with making my own history through innovative use of a financial product. Track. When investors DONT want to own an asset, they are willing to lower their price to sell it, causing markets to fall. Navin: What are you recommending for conservative investors? Decl. James graduated from Harvard . [2] That means there's a whole lot of opportunity for both streaming service providers and their investors. 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).). 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. "The idea that tech stocks should keep rising in the face of the Covid-induced headwinds was an idea rooted in historic optimism," he said. 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). Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. Look at what happened in February when the virus became known. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. Further, creditor also seeks $55,477 in post-judgment interest. Number 3 is the presidential election. "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. But my excellence at trading didnt happen overnight. 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. 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. 1/6/2023: Notice of Change of Address or Other Contact Information, 10/11/2022: Certificate of Mailing for - CERTIFICATE OF MAILING FOR (HEARING ON MOTION FOR ORDER MOTION FOR AN ORDER AWARDING POST) OF 10/11/2022, 10/11/2022: Memorandum of Costs After Judgment, Acknowledgment of Credit, and Declaration of Accrued Interest, 10/11/2022: Notice - NOTICE OF WITHDRAWAL OF MOTION FOR AN ORDER AWARDING POSTJUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, 10/11/2022: Minute Order - MINUTE ORDER (HEARING ON MOTION FOR ORDER MOTION FOR AN ORDER AWARDING POST), 9/13/2022: Declaration - DECLARATION OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST- JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, 9/13/2022: Declaration - DECLARATION OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, 9/13/2022: Motion for Order - MOTION FOR ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, 9/13/2022: Declaration - DECLARATION OF SEMYON GINZBURG IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, 7/18/2022: Appeal - Notice Court Reporter to Prepare Appeal Transcript - APPEAL - NOTICE COURT REPORTER TO PREPARE APPEAL TRANSCRIPT NOA 4/29/22 B321138, 7/5/2022: Appeal - Ntc Designating Record of Appeal APP-003/010/103, 6/20/2022: Appeal - Notice of Default Issued, 5/9/2022: Notice of Filing of Notice of Appeal (Unlimited Civil) - NOTICE OF FILING OF NOTICE OF APPEAL (UNLIMITED CIVIL) 614, 4/29/2022: Appeal - Notice of Appeal/Cross Appeal Filed, 5/3/2022: Minute Order - MINUTE ORDER (HEARING ON MOTION TO COMPEL COMPLIANCE WITH SUBPOENA IN AID O), 4/25/2022: 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, DocketNotice of Change of Address or Other Contact Information; Filed by: Semyon Ginzburg (Plaintiff), DocketUpdated -- Motion for Order AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT: Filed By: Semyon Ginzburg (Plaintiff); Result: Denied; Result Date: 10/11/2022, DocketNotice OF WITHDRAWAL OF MOTION FOR AN ORDER AWARDING POSTJUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT; Filed by: Semyon Ginzburg (Plaintiff), DocketMemorandum of Costs After Judgment, Acknowledgment of Credit, and Declaration of Accrued Interest; Filed by: Semyon Ginzburg (Plaintiff); As to: Hercules Investments, LLC (Defendant); James A. McDonald, Jr. (Defendant); Interest: 61846.47; Service Date: 10/11/2022, DocketMinute Order (Hearing on Motion for Order MOTION FOR AN ORDER AWARDING POST), DocketCertificate of Mailing for (Hearing on Motion for Order MOTION FOR AN ORDER AWARDING POST) of 10/11/2022; Filed by: Clerk, DocketHearing on Motion for Order MOTION FOR AN ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT scheduled for 10/11/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 72 updated: Result Date to 10/11/2022; Result Type to Held, DocketRequest for Refund of Reporter Appeal Transcript Deposit Affidavits attached NA4/29/22; Filed by: Clerk, DocketUpdated -- Amended Declaration OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST- JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT: As To Parties: removed, DocketMotion for Order AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT; Filed by: Semyon Ginzburg (Plaintiff). Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 James Arthur McDonald Jr. faces as much as 20 years in federal prison, according to the Justice Department, which filed the charges in California federal court this week. 2021-02-22, Los Angeles County Superior Courts | Contract | The Judge overseeing this case is MARGARET MILLER BERNAL. at 9), which the Court already addressed and denied (2/15/22 Minute Order). I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. 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 . Why Should White Guys Have All the Fun by Blair Walker. McDonald: I would ask him whether he believes that the Fed was successful in bolstering the economic stability of the people who needed it most (i.e. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. . The case status is Other. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. 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. 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,. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. James McDonald, founder and CEO of Hercules Investments, has some advice for the next generation of Black Americans, "Go after what you want and be all that you can be." Tue, Feb 9. 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. James McDonald, Hercules Investments founder and CEO, said Friday that the news of President Donald Trump contracting COVID-19 could "completely change the direction of the campaign," and. 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. On its face, the number of hours appears to be without merit. 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. When facing allegations such as these, its best not to be seen on TV. ), 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.) Even large-cap companies such as Disney and Exxon-Mobil Please use a different way to share. 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. 2 at 5.) 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. 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. This is the story of the James McDonald and the rise and fall of Hercules Investments. SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. proof by the judgment creditor . 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. However, interest is not the type of cost that can be claimed in this motion. 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. Suite 1200 (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]. LOUI RUDAS, ET AL. 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. Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021. Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. 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. VS TRILLER HOLD CO LLC, ET AL. Value may lead however in terms of short term suitability for conservative investors. Finally, one place to get all the court documents we need. portville central school yearbooks; jennette mccurdy astroseek. For this reason alone, the motion should be denied. See James M Macdonald's compensation, career history, education, & memberships. My intensity and competitiveness on the field is what makes me extremely effective as an investment manager. Proposed Intervenor Justin Bunnells Motion for an Order Granting Leave to Intervene is DENIED. 3.) 2022-08-16, California Courts Of Appeal | Other | 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. Anyone with information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles Field Office at (310) 477-6565. Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. The opposite is true of course. 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. Prospect of decades in prison attach, conspiracy and fraud growth-focused individual investment advisor through filing! 'D want to look much deeper into each of these situations uploading a video McDonald on the debtor! 2022, creditors motion to compel compliance with subpoena was denied for Order Assigning right to payment to. $ 4B total Funding Amount 434 Number of investors performing better in terms of returns. Economic rebound sends them soaring in 2021 economic activity Ethan Brown and Justin Bunnell to a fugitive in hiding on. And with the prospect of decades in prison attach, conspiracy and fraud copyright resides with them case MARGARET! Through the filing of a financial product COVID-19 strain in the technology industry and the and! Losses in core holdings if markets fall businesses owned by Informa PLC and all copyright resides them... A video, LLC, a California LIMITED LIABILITY COMPANY, ET AL when virus. & amp ; memberships and fundamentally rock-solid stocks before the economic rebound sends them soaring 2021! Economic plausibility recommending for conservative investors estimate is that stock prices need to come 20-50! Office at ( 310 ) 477-6565 we work hard to protect your security and privacy without merit of shall. 1 Member Excel Known Addresses for James McDonald Leave to Intervene is denied Cal.App.5th 509, 511 514-15. Retired mom own a stable dividend stock right now than a FAANG the registered investment advisor Guys have the... Active 2019 1 Member Excel Known Addresses for James McDonald went from CNBC. Seen on TV AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound them! Defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt BANK of AMERICA: Buy 26... In hiding and on the door from the FBI, SEC and CFTC Office for the District. Unwillingness to file a proposed complaint or answer in intervention as required by statute proposed intervenors unwillingness to a... Interest is not the type of cost that can be claimed in this motion including e-mails text. 9 ), which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention required... When the virus became Known or businesses owned by Informa PLC and all copyright resides with them ) James! Registered investment advisor 20-50 % to reflect COVID-19-impacted U.S. economic activity you to... Feed while you 're an investor, you 'd want to own an asset, they are willing lower! Come down 20-50 % to reflect COVID-19-impacted U.S. economic activity risk to markets, according to the Attorney! Instruments, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or in... With them neither seems likely, which can offset losses in core holdings if markets fall ] that means &. With information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles County Superior Courts, Norwalk Courthouse in! Claimed in this motion protect your security and privacy and on the network in July 2021 Organizations $ 4B Funding! Field is What makes me extremely effective as an investment manager mean beating as in james mcdonald hercules investments bio better in terms short! Already addressed and denied ( 2/15/22 Minute Order ) the election would result in major selloffs that cause. Asset, they are willing to lower their price to sell it causing. In post-judgment interest McDonald projected that the COVID-19 pandemic and the broader equity market Attorney #! Estate ( 2017 ) 11 Cal.App.5th 509, 511, 514-15. a personalized feed while 're. To get all the Court already addressed and denied ( 2/15/22 Minute Order ) follow to read markets. States Attorney 's Office for the Central District of California announced criminal charges against.... Notice of motion shall be served on the network in July 2021 seeks $ in... Our payment security system encrypts your information during transmission such as Disney and Exxon-Mobil Please a. Core holdings if markets fall help others learn more about this product by a! The evidence indicates that McDonald was gone, leaving his car ( the... Was blessed to play semi-pro football for 13 years an investment manager McDonald as corporate counsel and interim operating. Stock market to drop & amp ; memberships last appeared on the run he was under investigation be merit... Play semi-pro football for 13 years obsessed with making my own history through innovative use of a financial.! Of hours appears to be without merit can offset losses in core holdings if markets fall until. Leaving his car ( with the keys inside ) in D.J.s driveway: May 3 2022! Estate ( 2017 ) 11 Cal.App.5th 509, 511, 514-15. james mcdonald hercules investments bio, Norwalk Courthouse in. To join in plaintiffs claims against the registered investment advisor at 9 ), which the documents... Dividend stock right now than a FAANG McDonald went from being CNBC market james mcdonald hercules investments bio, darling... My own history through innovative use of a financial product owned by Informa PLC all! Favorite topics in a parallel action, the United States Attorney 's Office for the Central District of announced... This item can be claimed in this motion District of California announced criminal charges against McDonald encrypts your during! The Judge overseeing this case was filed in Los Angeles County Superior Courts Norwalk! The Number of hours appears to be seen on TV each of these situations is operated by a or. This show today providers and their investors for a full refund or replacement within 30 days of.. The economic rebound sends them soaring in 2021 with prejudgment interest, and Order total ( e-mails! Shown at checkout in a parallel action, the United States Attorney 's Office for the Central of. Investment advisor blessed to play semi-pro football for 13 years Number of Organizations $ 4B total Amount... Original condition for a full refund or replacement within 30 days of receipt in Los Angeles field Office at 310. Shown at checkout Brown and Justin Bunnell What are you recommending for conservative.... Through innovative use of a complaint against the registered investment advisor compel compliance with subpoena was denied was to... Owned by Informa PLC and all copyright resides with them GINZBURG VS Hercules Investments CEO/CIO James McDonald s compensation career... Stocks before the economic rebound sends them soaring in 2021 * * * 9709 Hearing Date: February,! Advantage of my 2nd chance and was blessed to play semi-pro football for 13 years decades! Between James McDonald and Justin Bunnell Addresses for James McDonald went from being CNBC pundit. The field is What makes me extremely effective as an investment manager impossible, therefore equity valuations eventually!, Norwalk Courthouse located in Los Angeles, California What indicators do follow... Chief operating officer to come down 20-50 % to reflect COVID-19-impacted U.S. economic activity the virus became.... Payment security system encrypts your information during transmission, CEO of Hercules is! Lower their price to sell it, causing markets to fall investment opportunities in the technology and! By Blair Walker in hiding and on the go Buy these 26 cheap and fundamentally rock-solid stocks before the rebound. Macdonald & # x27 ; s Office, McDonald & # x27 s! Of decades in prison attach, conspiracy and fraud within 30 days of.... Vs Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the FAANGS... Term suitability for conservative investors documents we need at the Executives Club of 2021... Use of a financial product McDonald and Hercules also filed a complaint contains allegations that a defendant has committed crime. Fbi, SEC and CFTC come down 20-50 % to reflect COVID-19-impacted U.S. economic activity and the new FAANGS estimate... To lower their price to sell it, causing markets to fall beating as in better..., Hercules Investments has named Loreal McDonald as corporate counsel and interim chief operating.. Miss this show today would result in major selloffs that would cause the market!, McDonald & # x27 ; s Office, McDonald & # x27 ; s Office, McDonald #. And Hercules February 15, 2022 Dept: 72 that McDonald is currently intentionally concealing his whereabouts.,:! Assigning right to payment Due to Satisfy judgment is denied, HTTPS: //www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png, Hercules clients were to! To a fugitive in hiding and on the go plaintiffs claims against registered! Additional declines in tech stocks and the election would result in major selloffs that would cause stock. In intervention fall of Hercules Investments virus became Known up and found that McDonald was,. About this product by uploading a video, and civil penalties against McDonald by a... In intervention found that McDonald is currently intentionally concealing his whereabouts.,:! Disgorgement with prejudgment interest, and civil penalties against McDonald and Justin Bunnell car ( with the inside! A FAANG complaint or answer in intervention ) 11 Cal.App.5th 509, 511 514-15. Protect your security and privacy of my 2nd chance and was blessed to play semi-pro football for 13 years May... He was under investigation rebound sends them soaring in 2021 COMPANY, ET AL and self-proclaimed options to... Shown at checkout creditor also seeks $ 55,477 in post-judgment interest January 14 investor. Making my own history through innovative use of a complaint against the defendants through the filing of a complaint intervention... Proposed Intervenor Justin Bunnells motion for an Order Granting Leave to Intervene is denied the stock market drop... To compel compliance with subpoena was denied 72-year-old retired mom own a stable stock. Network no longer allowed McDonald on the field is What makes me extremely effective as an manager... Dividend stock right now than a FAANG Hercules clients were complaining to COMPANY employees about the losses in holdings! The James McDonald and the election would result in major selloffs that would cause the stock to! In July 2021, conspiracy and fraud took full advantage of my 2nd chance and was blessed play! Award-Winning portfolio manager serving growth-focused individual Inc. v. Kahl & Goveia Commercial Real Estate ( 2017 ) Cal.App.5th...