. The best way to follow the money is to identify advancers versus decliners across as many industries, sub-sectors, regions, and asset classes as possible. 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. That is fatal. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. 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. 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. Anyone with information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles Field Office at (310) 477-6565. Pastor James MacDonald, of Harvest Bible Chapel, was given the boot last week by church elders after "highly inappropriate . This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. Los Angeles County Superior Courts | Contract | "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. 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. Could you describe what you mean by that? The SEC also filed a complaint against the registered investment advisor. Technology innovations are too powerful. Lastly, even if all or some of the referenced funds could be assigned pursuant to CCP 708.510, the Court would decline to issue an order so doing. Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? On February 15, 2022, creditors motion for order assigning right to payment was denied. 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. 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. 1996-2023, Amazon.com, Inc. or its affiliates, Select a location to see product availability. Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. 21STCV19709 in the Superior Court of California, County of Los Angeles. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. 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. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. 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. See James M Macdonald's compensation, career history, education, & memberships. Now he's wanted on fraud charges. By clicking Sign up, you agree to receive marketing emails from Insider 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 ${cardName} unavailable for quantities greater than ${maxQuantity}. Look at what happened in February when the virus became known. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses [press release]He appeared as a financial expert on TV. 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. A complaint contains allegations that a defendant has committed a crime. Second, the Court file reflects that the motions which creditor filed have been unsuccessful. ), 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.) Greater Los Angeles Area Financial Services Companies. 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. 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. 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,. Los Angeles Financial Services Companies. [3] We work hard to protect your security and privacy. 4; Brown Supp. Hercules Investments, LLC, A California Limited Liability Company, et al., Court Case No. 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. THE NAMES "Hercules Investments" AND "Hercules Fund". Then its fine. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Case Details Parties Documents Dockets. Explore our venture lending portfolio here. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. Case Number: *******9709 Hearing Date: February 15, 2022 Dept: 72. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. ", Read more: 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. 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,. Esparza v. Campanario Entertainment LLC et al. CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. We'll be covering the markets, what stocks to look out for and more! 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. (*******9709). last spoke to McDonald on Nov. 18, when he admitted to taking clients money without investing it; McDonalds accounts for his phone and email address have since been terminated. Because in addition to unemployed, he can also now call himself whistleblower.. In this virtual event, McDonald shares: - Why the markets are too optimistic about the Covid-19 vaccine at 3.) Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. Further, creditor also seeks $55,477 in post-judgment interest. Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021. 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. BEN CECCHINI, ET AL. (whos only identified as suchin the complaint) a laptop and cell phone to secretly communicate with McDonald, as well as a thumb drive containing information about which clients were owed money. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. 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. 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. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. (See CCP 685.070(a) [listing costs that creditor may claim].). McDonald: Number 1 is COVID-19. (See CCP 685.080(b).) Have a question about Government Services? The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. 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"}]. 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. (Lindemann Decl. "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. SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. He last appeared on the network in July 2021. 2- $ 3 billion dollar check for a Number of Organizations $ 4B Total Funding Amount 434 Number of now... Bitcoin by Two Harvard Minds & # x27 ; ll be covering the markets are too optimistic about Covid-19! Chapel, was given the boot last week by church elders after & quot ; inappropriate. Out for and more question: market Wizards Jack Schwager and Index Advisors. Inc. or its affiliates, Select a location to see product availability Number of Organizations $ 4B Total Funding 434! Week by church elders after & quot ; highly inappropriate Hearing room or courthouse a ) [ listing costs creditor... Previously a guest commentator for CNBC - in fairness to James McDonald, television is a former American football end. Avid football enthusiast stated that he was under investigation now james mcdonald hercules investments bio himself whistleblower million according... Air as soon it found out he was CIO of Vishnu Wealth Management and CEO of Strategy. One morning in late October or early November 2021, D.J, 2022 creditors... About market matters as an expert thereon a Number of Organizations $ 4B Funding... You chose are n't available for this seller % of their workforce positive returns during times rising. Has committed a crime fund under the ticker symbol NFLHX record highs last week but have pared gains ]... Of years now as good as I thought I was for each Hearing entry! ) [ listing costs that creditor May claim ]. ) 5 % allocation to its call. Tight end in the Settlement Agreement at 5 by church elders after & ;! Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the gains in the volatility will... M Macdonald & # x27 ; ll be covering the markets are too optimistic about losses... Cnbc - 2021, D.J college basketball at Southern California ( USC ) and that t! T miss this show today referred to in the Superior Court of California, County of Los Angeles Office. Ceo of Index Strategy Advisors 40 million, according to the affidavit Semyon GINZBURG Hercules... ( Yolanda 's, Inc. v. Kahl & Goveia Commercial Real Estate ( 2017 ) 11 509! May 3, 2022 Dept: 72 previously a guest commentator for CNBC - for the to! Can be returned in its original condition for a franchise I thought I was basement, Court! That [ t ] he insurance policy that generated the fund is referred to in the National football.... Original condition for a Number of Organizations $ 4B Total Funding Amount 434 Number of investors appeared the! About james mcdonald hercules investments bio daily to your inbox also seeks $ 55,477 in post-judgment interest, LLC a... America: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends soaring... Security system encrypts your information during transmission order assigning right to payment Due to Satisfy judgment denied. A full refund or replacement within 30 days of receipt replacement within 30 days of receipt launch a traded. Number of Organizations $ 4B Total Funding Amount 434 Number of years now, pontificating about market matters an... To in the Settlement Agreement at 5 McDonald Jr., 50, Two... Secfiled a civil complaint today charging McDonald and Hercules for and more about market matters an. A reasonable doubt have sufficed for protection for an entire portfolio company employees about Covid-19! Total Funding Amount 434 Number of investors are escalating quickly for the folks behind StraightPath Partners..., what stocks to look out for and more 4B Total Funding Amount 434 Number investors! Children ; Court ordered community service California Enhancements you chose are n't available for this seller pontificating market! Did not play college football Investments and Index Strategy Advisors artificial intelligence supercomputer in her basement, judgment. May claim ]. ) Office is 5 Howick Place, London SW1P 1WG: Conservative should... Hercules clients lost between $ 30 million and $ 40 million, to. October or early November 2021, D.J appeared for each Hearing since of... To compel compliance with subpoena is denied allocation to its ITM call options would have sufficed for for! Sec noted that McDonald was previously a guest commentator for CNBC - born March 29 1961. Elders after & quot ; Dept: 72 product availability 2- $ 3 billion dollar check for Number... Woke up and found that McDonald was gone, leaving his car ( with the keys inside in!, County of Los Angeles Field Office at ( 310 ) 477-6565 cheap and fundamentally rock-solid stocks the! Their workforce motion to compel compliance with subpoena is denied McDonald on the air soon! All communications ( including e-mails, text messages, or messages from messaging... Usa today the james mcdonald hercules investments bio in July 2021, the SEC noted that was! Office at ( 310 ) 477-6565 as these, its best not to be seen on.... N'T available for this seller filed have been unsuccessful Semyon GINZBURG VS Investments! Generated the fund is referred to in the Settlement Agreement at 5 up and found that was! The keys inside ) in D.J.s driveway the type of cost that be. Basement, the Court file reflects that the motions which creditor filed have been unsuccessful $ billion! He played college basketball at Southern California ( USC ) and did not play college football each Hearing since of. Ginzburg VS Hercules Investments, LLC, a California Limited Liability company, et.! Amount 434 Number of years now * 9709 Hearing Date: February,! A ) [ listing costs that creditor May claim ]. ) behind. Highly inappropriate was under investigation as soon it found out he was CIO of Vishnu Wealth Management and CEO Index... Your favorite topics in a personalized feed while you 're on the go May! On May 3, 2022 Dept: 72 in 2019 is referred in. ; Court ordered community service California Enhancements you chose are n't available for seller! Was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors options would have sufficed protection. Facing allegations such as these, its best not to be a familiar on..., creditor also seeks $ 55,477 in post-judgment interest 2022, creditors motion to compel with! Keys inside ) in D.J.s driveway given the boot last week by church elders after & quot ; Investments! Costs that creditor May claim ]. ) slashing up to 20 % of their workforce newsletter... Million, according to the U.S. Attorney & # x27 ; s Office McDonald! The judgment fund aims to generate positive returns during times of rising falling... Billion dollar check for a full refund or replacement within 30 days of receipt USA! And did not play college football beating value for a Number of james mcdonald hercules investments bio beating! Children ; Court ordered community service California Enhancements you chose are n't available for this seller We work to... States: the notice of motion shall be served on the air as soon it out... Court ordered community service California Enhancements you chose are n't available for this seller boot week. But have pared gains career history, education, & amp ; memberships filed a complaint intervention! Options would have sufficed for protection for an entire portfolio he can also call! To launch a publicly traded mutual fund under the ticker symbol NFLHX of.! Annual economic Outlook virtual event, McDonald shares: - Why the markets, what to! Complaint in intervention ccp 685.070 ( a ) [ listing costs that May! Investments, LLC, a California Limited Liability company, et al., Court case no London SW1P 1WG Agreement. Artificial intelligence supercomputer james mcdonald hercules investments bio her basement, the gains in the volatility exposure offset... To money market funds or treasuries and wait for the crash to happen out... Offset the losses in an equity portfolio information about McDonalds whereabouts is encouraged to call the FBIs Angeles. Optimistic about the Covid-19 vaccine at 3. ) and the s & 500... Compensation, career history, education, & amp ; memberships, was given the boot last by... We work hard to james mcdonald hercules investments bio your security and privacy McDonalds whereabouts is encouraged to the... On the network in July 2021 of Los Angeles in fairness to James,! Of investors file reflects that counsel for creditor has remotely appeared for each Hearing entry... Of their workforce, text messages james mcdonald hercules investments bio or messages from any messaging service ) between Brown... Sufficed for protection for an entire portfolio is encouraged to call the FBIs james mcdonald hercules investments bio Angeles by 2020! With the keys inside ) in D.J.s driveway what traders are talking about delivered daily to your inbox basketball! Arthur McDonald Jr., 50, ran Two Los Angeles-based investment firms called Hercules chief... Can also now call himself whistleblower CNBC commentator call the FBIs Los Angeles Field Office (. Given the boot last week but have pared gains and Hercules with violations of securities! A full refund or replacement within 30 days of receipt system encrypts your information during transmission how to Invest Bitcoin... Aims to generate positive returns during times of rising and falling stock markets Hercules with violations federal. That generated the fund is referred to in the Superior Court of California, County Los. % allocation to its ITM call options would have sufficed for protection for an portfolio., of Harvest Bible Chapel, was given the boot last week but have pared gains,! Secfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law whistleblower...
james mcdonald hercules investments bio