To add the following enhancements to your purchase, choose a different seller. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. Second, between February and October 2021, McDonald offered and sold equity investments in Hercules itself, raising $1.5 million from two types of investors: one non-client group and two existing individual Hercules clients. 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. 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). Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The SEC alleges that McDonald, a former guest commentator on CNBC, raised more than $5.1 million from 23 investors and clients, and misappropriated more than $2.9 million of those funds for personal expenses and Ponzi-like payments to earlier investors. Both the Dow and the S&P 500 closed at record highs last week but have pared gains. In early 2021, McDonald solicited millions of dollars' worth of funds from investors in the form of a purported capital raise for Hercules but misrepresented how the funds would be used and failed to disclose the massive losses Hercules previously sustained. Could you describe what you mean by that? scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. View James A McDonald's profile for company associations, background information, and partnerships. Navin: If you could ask Jerome Powell a question what would it be? Please use a different way to share. 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"}]. 4; Brown Supp. 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. 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. woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. 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. 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
Yet only 14.5% of the global market has been penetrated. in Economics. . James Arthur McDonald Jr ., 50, who is believed to be in hiding, was charged with a single count of securities fraud, according to the U.S. Attorney's Office. Why? Enhancements you chose aren't available for this seller. 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. 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. Or, you know, anywhere, really. Now he's wanted on fraud charges. options. The supplemental declaration also attaches the referenced Settlement Agreement, but paragraph 5 of that agreement merely states: Defendants will give notice of this settlement to their E&O carrier. (Lindemann Supp. Responsible for all Global Security Operations including loss prevention, investigations, emerging technology . 2022-08-16, California Courts Of Appeal | Other | Small businesses are still facing closures at a record rate, while the pandemic is expected to push a further 10-15 million people into poverty. They are part of the Executive team within the C-Suite Department and their management level is C-Level. Step 1) Become the best index options trader in the world, and I am very confident that today I have done that. He appeared as a financial expert on TV. ET by Tomi Kilgore. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. However, the Court file reflects that counsel for creditor has remotely appeared for each hearing since entry of the judgment. 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 . SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. It looks like WhatsApp is not installed on your phone. The FBI and IRS Criminal Investigation investigated this matter. Navin: You've named the issues facing the stock market as "a 3-headed monster." On February 15, 2022, creditors motion for order assigning right to payment was denied. 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. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based . Please prove that you're human. ciaran.mcevoy@usdoj.gov When the market decline didnt occur, Hercules clients lost between $30 million and $40 million, according to the affidavit. When facing allegations such as these, its best not to be seen on TV. According to the DOJ, McDonalds troubles began after taking risky short positions in 2020, betting that the U.S. economy, and the stock market,would crater due to the COVID-19 pandemic and the 2020 presidential election. 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. McDonald could not be reached for comment. Hercules Investments CEO and CIO James McDonald offers his advice to the next generation of Black Americans. 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. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). 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. low income communities, small businesses). However, the motion was not properly served. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. BROWN NERI SMITH & KHAN LLP, A LIMITED LIABILITY PARTNERSHIP, AND LAW FIRM VS JAMES A. MCDONALD, ET AL. James Mcdonald Email & Phone Number Chief Executive Officer @ Hercules Investments 5 free lookups per month. A lock ( 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. Chowthi said McDonald gave D.J. 2, 5 & Ex. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, The SEC also filed a complaint against the California-based advisor and frequent CNBC commentator. - Why volatility as an asset class is key for 2021, Its important for investors to be prepared for stock market volatility, as the economic outlook remains fragile in 2021, McDonald said. Hercules Investments is part of the Finance industry, and located in California, United States. 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. McDonald was the CEO and chief investment officer for two registered companies; Hercules Investments, based in Los Angeles, and Index Strategy Advisors, which was based in Redondo Beach. The SEC noted that McDonald was previously a guest commentator for CNBC -. McDonald: You have to follow the money. 633 W 5th Street, Los Angeles, CA 90071 When do you expect value stocks to take the lead again, if ever? A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. 3.). He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. In accordance with subsection (c)(2) of CCP 708.510, the Court considers [p]ayments the judgment debtor is required to make when determining whether to order an assignment or the amount of an assignment. Plaintiff acknowledges that there are apparently, other claims to the $1.45 million and against defendants. As soon as we found out he was under investigation, we no longer allowed him on our air, said a CNBC spokesperson. (See Brown Decl. Our estimate is that stock prices need to come down 20-50% to reflect COVID-19-impacted U.S. economic activity. 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. Accordingly, the claim of 531.4 hours is insufficiently supported. 312 North Spring Street
Then its fine. (Brown Decl. 28, 2021 at 7:18 a.m. 2) and that [t]he insurance policy that generated the fund is referred to in the Settlement Agreement at 5. (Supp. Alternatively, for those willing to accept risk? First, the judgment was entered on December 9, 2021. For those willing to take risk and or those who dont want to liquidate their securities, we recommend buying volatility with a 10-15% allocation in their portfolio. No, Brent Kovars mother didnt have an artificial intelligence supercomputer in her basement, the SEC says. Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? My plan to write a $2-$3 billion dollar check for a franchise? Proposed intervenor failed to include a copy of the proposed complaint in intervention or answer in intervention, as required by CCP 387(c). judy norton children; court ordered community service california 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. 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. (Lindemann Decl. CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. If you do not agree with these terms, then do not use our website and/or services. Hercules investments is an award-winning portfolio manager serving growth-focused individual. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. Los Angeles County Superior Courts | Contract | edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment 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. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. 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. By clicking Sign up, you agree to receive marketing emails from Insider Access your favorite topics in a personalized feed while you're on the go. Finally, one place to get all the court documents we need. Which was great for McDonald, because he apparently really muffed the market response to a Joe Biden victory over Donald Trump two years ago: He assumed that the ousting of an incompetent demagogue would tank things. Decl. As stated in his opening brief, proposed intervenor admits to this Court that Bunnell seeks only to only [sic] oppose the Assignment Motion (Bunnell Mem. Too many people and firms over-complicate these basic truths. See James M Macdonald's compensation, career history, education, & memberships. 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. Number 2 is market valuations. 3.) Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. We are sorry. Prior to that he was CIO of Vishnu Wealth Management and CEO. James McDonald, CEO and Chief Investment Officer of Hercules Investments, will serve as Portfolio Manager of the Hercules Fund. Shipping cost, delivery date, and order total (including tax) shown at checkout. proof by the judgment creditor . 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. 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. The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. 2021-02-22, Los Angeles County Superior Courts | Contract | According to the U.S. Attorney's Office, McDonald's . Further, creditor also seeks $55,477 in post-judgment interest. Being able to identify the turning points in sentiment is our secret to success. Plaintiff presented nothing else of relevance in support of the motion. (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]. That's especially true since recent progress on vaccines led many investors to expect a smooth return to normal life following their rollout, he said. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. 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. Lewiss story was intriguing to me because he was the first African American to reach that milestone. If Trump wins, his handling of the virus may result in its prolonged detrimental effect on a recovery. 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. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. You can lose money trading or investing in stocks and other instruments. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors 5.) 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. 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. 1718 Harriman Ln Redondo Beach, CA 90278 . . Anyone with information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles Field Office at (310) 477-6565. Having denied the Motion for Assignment, the Court finds no exigency, irreparable harm, or immediate danger that would justify the need to address Bunnells request for relief on an ex parte basis. 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? Federal prosecutors charged McDonald with one count of. (Brown Decl. Investors should let a professional handle putting these trades on. 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. Vs hercules Investments, will serve as portfolio manager of the hercules Fund and/or... Chose are n't available for this seller notice of motion shall be served the! 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