james mcdonald hercules investments bio

Navin: What indicators do you follow to read the markets? McDonald told Business Insider. James McDonald, the chief investment officer at Hercules Investments, told Business Insider that the news would be the catalyst for a protracted sell-off heading into the election.. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. However, interest is not the type of cost that can be claimed in this motion. 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. Please prove that you're human. According to an affidavit filed with the complaint, McDonald frequently appeared as an analyst on the CNBC financial TV news network and was the CEO and chief investment officer of two companies: Hercules Investments LLC, based in downtown Los Angeles, and Index Strategy Advisors Inc. (ISA), based in Redondo Beach. (Lindemann Decl. The SEC further alleges that, from February 2021 to October 2021, McDonald raised $1.5 million through the sale of equity investments in Hercules's business. Approximately $109,512 was transferred to the landlord of a home McDonald was renting in Arcadia; and approximately $6,800 was spent on a website that sells designer menswear. Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance He recommended investors have exposure to volatility instruments, which can offset losses in core holdings if markets fall. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. He played for the Los Angeles Rams and Detroit Lions. View James A McDonald's profile for company associations, background information, and partnerships. 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. mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. 2021-11-16, Los Angeles County Superior Courts | Property | 28, 2021 at 7:18 a.m. 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. low income communities, small businesses). Explore our venture lending portfolio here. 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. 2022-01-24, Los Angeles County Superior Courts | Contract | 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. We are sorry. McDonald: Our calculations put the S&P at 2,889 and the Dow at 23,740by inauguration and if Biden wins, S&P 1,800 and Dow 15,000 by August 2021. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against McDonald and Hercules. An official website of the United States government. at 3.) Number 2 is market valuations. 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. 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. Further, creditor also seeks $55,477 in post-judgment interest. 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. November's blockbuster jobs report. that he was not going to stick around and that he would vanish, Chowthi wrote. Have a question about Government Services? Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. If Trump wins, his handling of the virus may result in its prolonged detrimental effect on a recovery. The Court is hard-pressed to see how Bunnell is or should be entitled to enter the case, undo the judgment, and then leavewhich is precisely what the proposed intervenor seemingly seeks to accomplish here. Second, the Court file reflects that the motions which creditor filed have been unsuccessful. Tune in today to watch James McDonald, CEO of Hercules Investments, on CNBC's Fast Money at 2pm PST. There was a problem loading your book clubs. (Reply at 3.) portville central school yearbooks; jennette mccurdy astroseek. Navin: You've named the issues facing the stock market as "a 3-headed monster." 2022-08-16, California Courts Of Appeal | Other | [2] That means there's a whole lot of opportunity for both streaming service providers and their investors. Scott Gamm 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. Instead, the SEC alleges, McDonald misappropriated more than $1 million of the funds for personal expenses, including luxury vehicles and paying rent on his home, and misappropriated more than $2 million of the funds for Ponzi-like payments, payments to his Hercules' investment adviser clients and expenses associated with operating Hercules. Help others learn more about this product by uploading a video! 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. in Economics. McDonald: Conservative investors should move to money market funds or treasuries and wait for the crash to happen. Third, although creditor incurred fees defending against proposed intervenor Justin Bunnells efforts to vacate the stipulated judgment, these fees are not related to the collection of judgment against debtors. Charles Canter will lead the litigation. When facing allegations such as these, its best not to be seen on TV. 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. (See Ex Parte App. 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:

. McDonald an avid football enthusiast stated that he planned to launch a publicly traded mutual fund under the ticker symbol NFLHX. The losses to Hercules clients and the potential for litigation related to those losses jeopardized the success of that fund because any litigation would have had to be publicly disclosed. Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Hercules Investments, LLC, A California Limited Liability Company, et al., Court Case No. ) or https:// means youve safely connected to the .gov website. (*******9709). Houston, Texas, United States. UVXY went from $12 to $120. Case Details Parties Documents Dockets. The SEC also filed a complaint against the California-based advisor and frequent CNBC commentator. 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. (213) 894-4465. Indeed, Bunnell concedes he has no actual interest in participating in this litigation at all. See James M Macdonald's compensation, career history, education, & memberships. I knew from the first time I stepped on the field at 11 years old that I wanted to be an NFL linebacker; and today at 49 years old, I still wish I could play in the NFL! McDonald: Without question: Market Wizards Jack Schwager. And, now that you, the Justice Department and the SEC mention it, a lot of his stories sound a bit hard to believe. Moreover, the claimed fees are insufficiently supported. "There are going to be explosive opportunities for investors," says James McDonald, CEO of investment firm Hercules Investments on November 12. . Navin: So, you're expecting a big sell-off how big? James McDonald, CEO and Chief Investment Officer of Hercules Investments, will serve as Portfolio Manager of the Hercules Fund. 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). James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. 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. The opposite is true of course. "Monday's selling pressure isn't a sign that a major market crash is imminent, but crashes do begin with shifts in short-term sentiment like we have seen in recent sessions," McDonald said. 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. Its clock-striking-midnight dealmaking time at the Justice Department. 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. McDonald graduated from Harvard University with a Bachelors degree in Economics. 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. James Arthur McDonald Jr. appears to be on the lam as he faces as much as 20 years in prison for allegedly defrauding investors, according to the Justice Department. The Judge overseeing this case is MARGARET MILLER BERNAL. 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. The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. 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. Prior to that he was CIO of Vishnu Wealth Management and CEO. Pastor James MacDonald, of Harvest Bible Chapel, was given the boot last week by church elders after "highly inappropriate . McDonald falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . My intensity and competitiveness on the field is what makes me extremely effective as an investment manager. 2022-01-10. 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. 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. 2.) 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. 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. 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 was the CEO of Los Angeles County-based Hercules Investments and Index Strategy Advisors Inc., prosecutors said. Moreover, proposed intervenors failure to do so is telling, as it is not at all clear what Bunnell would hope to and could properly accomplish as an intervenor. Eligible for Return, Refund or Replacement within 30 days of receipt. You follow to read the markets ticker symbol NFLHX this motion canaria ; shooting in laurel, yesterday! Cnbc commentator, of Harvest Bible Chapel, was given the boot last week by church elders after quot... Bible Chapel, was given the boot last week by church elders after & quot highly! To launch a publicly traded mutual fund under the ticker symbol NFLHX for Order Assigning to. 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