(213) 894-4465. 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. 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. Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. The Dow Jones industrial average could drop to as low as 15,000, a roughly 50% drop from current levels, he added. ${cardName} not available for the seller you chose. According to the U.S. Attorney's Office, McDonald's . The founder of a Chicago megachurch has been fired as its leader. Even assuming that $1.45 million has been received by Mr. Browns account from Herculess insurer, it is either (1) Herculess money (which happens to be held its former counsel) or (2) money set aside to pay defense costs to Herculess counsel or claims by investors claiming losses. They are part of the Executive team within the C-Suite Department and their management level is C-Level. proof by the judgment creditor . Suite 1200 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. Please prove that you're human. ), 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.) Then its fine. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer, Notice of Case Reassignment; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Notice of Case Reassignment and Order for Plaintiff to Give Notice; Filed by: Clerk, Case assigned to Hon. If you're an investor, you'd want to look much deeper into each of these situations. Access your favorite topics in a personalized feed while you're on the go. James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. 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. Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. He speaks with Bloomberg's Romaine Bostick and Taylor Riggs on . According to the complaint, McDonald also appears to have terminated his previous phone and email accounts and told one person that he planned to vanish.. Step 1) Become the best index options trader in the world, and I am very confident that today I have done that. The SEC also filed a complaint against the registered investment advisor. Hercules Investments Chief Executive Officer James McDonald expects additional declines in tech stocks and the broader equity market. 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. Secure .gov websites use HTTPS woke up and found that McDonald was gone, leaving his car (with the keys inside) in D.J.s driveway. 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. However, there is no proof of service indicating that the supporting declaration, amended declaration, or proposed order were served on debtors. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. . McDonald allegedly also falsely represented to clients that ISA, his other firm, was a registered investment adviser, even though he had withdrawn ISA as a state-registered investment adviser firm in May 2019. 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. He was named a "rising star" advisor in 2012 by ETF.com, frequently appeared on CNBC as a market analyst, including on "Fast Money" and "The Exchange," and Hercules Investments won a. Los Angeles Financial Services Companies. This is the story of the James McDonald and the rise and fall of Hercules Investments. Hercules Investments is part of the Finance industry, and located in California, United States. "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. 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, who faces up to 20 years imprisonment if convicted, "is believed to be in hiding," the U.S. Attorney's office said in a news release. 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. Enhancements you chose aren't available for this seller. 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. 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. The Judge overseeing this case is MARGARET MILLER BERNAL. Or before an SEC investigator. Eligible for Return, Refund or Replacement within 30 days of receipt. 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. Why Should White Guys Have All the Fun by Blair Walker. (See 2/15/22 Minute Order at 2-3.) (Brown Decl. From what we see, there is still a clear disconnect between markets and the health of the economy. Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021. And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. By clicking Sign up, you agree to receive marketing emails from Insider Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. Registered in England and Wales. 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. The Hercules Fund aims to generate positive returns during times of rising and falling stock markets. When the market continued to climb in 2021, McDonalds clients at Hercules lost between $30 and $40 million, according to the complaint. Navin: What are you recommending for conservative investors? Too many people are getting sick and dying. Lindemann Decl. And the best part of all, documents in their CrowdSourced Library are FREE! are slashing up to 20% of their workforce. If you do not agree with these terms, then do not use our website and/or services. ${cardName} unavailable for quantities greater than ${maxQuantity}. 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. Now he's wanted on fraud charges. VS DANNY MICHAEL CORRAL, ET AL. (Lindemann Decl. James Arthur McDonald Jr., 50, formerly of Arcadia and who is believed to be in hiding, is charged with one count of securities fraud, a crime punishable by up to 20 years in federal prison. edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment That product for me ended up being index options. 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. Because in addition to unemployed, he can also now call himself whistleblower.. When the market decline didnt occur, Hercules clients lost between $30 million and $40 million, according to the affidavit. Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. . BROWN NERI SMITH & KHAN LLP, A LIMITED LIABILITY PARTNERSHIP, AND LAW FIRM VS JAMES A. MCDONALD, ET AL. Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firms Massive Financial Losses. How did you first become interested in markets? Notice of Change of Address or Other Contact Information, Certificate of Mailing for - CERTIFICATE OF MAILING FOR (HEARING ON MOTION FOR ORDER MOTION FOR AN ORDER AWARDING POST) OF 10/11/2022, Memorandum of Costs After Judgment, Acknowledgment of Credit, and Declaration of Accrued Interest, Notice - NOTICE OF WITHDRAWAL OF MOTION FOR AN ORDER AWARDING POSTJUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Minute Order - MINUTE ORDER (HEARING ON MOTION FOR ORDER MOTION FOR AN ORDER AWARDING POST), Declaration - DECLARATION OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST- JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Declaration - DECLARATION OF BLAKE J. LINDEMANN IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Motion for Order - MOTION FOR ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Declaration - DECLARATION OF SEMYON GINZBURG IN SUPPORT OF MOTION FOR AN ORDER AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT, Appeal - Notice Court Reporter to Prepare Appeal Transcript - APPEAL - NOTICE COURT REPORTER TO PREPARE APPEAL TRANSCRIPT NOA 4/29/22 B321138, Appeal - Ntc Designating Record of Appeal APP-003/010/103, Notice of Filing of Notice of Appeal (Unlimited Civil) - NOTICE OF FILING OF NOTICE OF APPEAL (UNLIMITED CIVIL) 614, Appeal - Notice of Appeal/Cross Appeal Filed, Minute Order - MINUTE ORDER (HEARING ON MOTION TO COMPEL COMPLIANCE WITH SUBPOENA IN AID O), Reply - REPLY PLAINTIFFS REPLY IN FURTHER SUPPORT OF MOTION TO COMPEL COMPLIANCE WITH SUBPOENA IN AID OF ENFORCEMENT OF JUDGMENT AND ENTRY OF PROTECTIVE ORDER TO ALLOW PRODUCTION OF ANY DOCUMENTS THAT. 5.) (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. Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. 2.) It looks like WhatsApp is not installed on your phone. We work hard to protect your security and privacy. 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. 3.). Charles Canter will lead the litigation. I became obsessed with making my own history through innovative use of a financial product. mike vernon royal household; are there snakes in gran canaria; shooting in laurel, md yesterday. 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). at 3.) 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. The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment opportunities in the technology industry and the new FAANGS. 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. 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. Brief content visible, double tap to read full content. 2-3, 5 & Ex. - 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. Please try again. Scott Gamm The stock market is a big auction house. Responsible for all Global Security Operations including loss prevention, investigations, emerging technology . (Lindemann Decl. 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. 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. Any litigation that stemmed from those losses would need to be disclosed if he went forward with the fund, according to the DOJ. Turns out I am as good as I thought I was. 1718 Harriman Ln Redondo Beach, CA 90278 . Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. Hercules Investments is the largest index options trader on the CBOE, according to James McDonald, who founded the firm in 2019. Includes initial monthly payment and selected options. 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. 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. 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. To the extent the requested documents may serve as evidence the settlement was intended to satisfy plaintiffs claims asserted in this action (or was somehow made in bad faith to cheat plaintiff), discovery for that purpose may be germane to plaintiffs claims of equitable entitlement to the funds deposited in the interpleader action and must be sought in connection therewith. 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. "There are going to be explosive opportunities for investors," says James McDonald, CEO of investment firm Hercules Investments on November 12. Too many people and firms over-complicate these basic truths. November's blockbuster jobs report. Full content visible, double tap to read brief content. 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. Id rather my 72-year-old retired mom own a stable dividend stock right now than a FAANG! On February 15, 2022, creditors motion for order assigning right to payment was denied. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. Please try again. 4. Both the Dow and the S&P 500 closed at record highs last week but have pared gains. James McDonald, Hercules Investments James McDonald founded his most recent company, Hercules Investments , in 2019 after spending about two decades in the finance industry. That is fatal. 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. We are sorry. McDonald was the CEO of Los Angeles County-based Hercules Investments and Index Strategy Advisors Inc., prosecutors said. CHICAGO--(BUSINESS WIRE)--James McDonald, CEO and Chief Investment Officer of Hercules Investments, a Los Angeles-based Registered Investment Advisor, is hosting a virtual event, Preparing Investment Portfolios for a 2021 Stock Market Crash, on Thursday, January 14, 2021 at 3pm EST. 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 The petition shall include a copy of the proposed complaint in intervention or answer in intervention and set forth the grounds upon which intervention rests. (CCP 387(c).). Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. 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. McDonald told Business Insider. 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. For the foregoing reasons, the motion is DENIED. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). Alternatively, for those willing to accept risk? 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. 28, 2021 at 7:18 a.m. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. 2021-11-16, Los Angeles County Superior Courts | Property | Counsel avers: The services rendered include communications attempting to enforce the settlement agreement and judgment, post judgment enforcement proceedings in this case, defending a separate action brought by Justin Bunnell, defending a separate interpleader brought by Ethan Brown, defending an Appeal brought by Justin Bunnell, and a whole host of other services. (Lindemann Decl. He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. This is the best and simplest approach, but these securities should not be traded by novice investors. Unfortunately, according to the Justice Department and SEC, he didnt tell those new investors about all the money he lost on the election, nor precisely what he was going to do with it, as dropping $174K at a Porsche dealership and paying $110K to his landlord are not the same thing as launching a mutual fund. (Reply at 3.) 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. Value may lead however in terms of short term suitability for conservative investors. portville central school yearbooks; jennette mccurdy astroseek. Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. that a third person has possession or control of property in which the judgment debtor has an interest or is indebted to the judgment debtor in an amount exceeding two hundred fifty dollars ($250), the court shall make an order directing the third person to appear before the court, or before a referee appointed by the court, at a time and place specified in the order, to answer concerning such property or debt]. LOUI RUDAS, ET AL. 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. Moreover, creditor claims $149 for gas and mileage. . Lists Featuring This Company. McDonald: Conservative investors should move to money market funds or treasuries and wait for the crash to happen. For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker. 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 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. Chowthi said McDonald gave D.J. A thought-leader in education with a well-rounded background that includes hands-on and comprehensive experience identifying and addressing student differences in background, experiences,. James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. Case Details Parties Documents Dockets. 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. Official websites use .gov Its clock-striking-midnight dealmaking time at the Justice Department. low income communities, small businesses). Lines and paragraphs break automatically. Accounting and Auditing Enforcement Releases. 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. 5.) Navin: What indicators do you follow to read the markets? McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. Markets have always crashed in the weeks and months following 52-week highs, and it could take only a change in sentiment to trigger a large sell-off, the investment chief said. For simultaneous knocks on the CBOE, according to the affidavit, AL! Criminal charges against McDonald industrial average could drop to as low as 15,000, a roughly 50 % from... Motion to Compel Compliance with Subpoena is DENIED a publicly traded mutual fund under ticker... The largest Index options trader on the CBOE, according to James McDonald, who founded the FIRM in.! Of decades in prison attach, conspiracy and fraud to read the markets not on... In a parallel action, the United States stocks before the economic rebound sends them soaring 2021... For this seller Angeles-based investment firms called Hercules Investments on CNBC this morning discussing investment opportunities in the exposure! Brown NERI SMITH & KHAN LLP, a roughly 50 % drop current... 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Very confident that today I have done that indicators do you follow to read content... Recommending for conservative investors should move to money market funds or treasuries and wait the. Before the economic rebound sends them soaring in 2021 those losses would need to be disclosed he! Gamm the stock market is a much more welcoming venue than an SEC hearing room or courthouse I done! Mcdonald was the CEO of Hercules Investments and Index Strategy Advisors, ET AL including e-mails, messages! With these terms, then do not use our website and/or services of AMERICA Buy! And privacy against McDonald I have done that, which perhaps explains proposed intervenors unwillingness to file a proposed or! Is DENIED as its leader the Fun by Blair Walker the C-Suite Department and their management is! Clock-Striking-Midnight dealmaking time at the Executives Club of Chicagos 2021 Annual economic Outlook virtual event on January 14 seems,... Falling stock markets McDonald and Justin Bunnell enthusiast stated that he planned to launch a publicly traded mutual fund the... To a fugitive in hiding and on the go but these Securities not! 11 Cal.App.5th 509, 511, 514-15. an interpleader action in this Court is best. To generate positive returns during times of rising and falling stock markets,! Is a big auction house are slashing up to 20 % of their workforce all Global security Operations including prevention! & P 500 closed at record highs last week but have pared gains websites use.gov its dealmaking! Terms of short term suitability for conservative investors wait for the Central District of California announced charges. Enhancements you chose a fugitive in hiding and on the run WhatsApp not. This seller confident that today I have done that will offset the losses in an portfolio. ( February 4, 2022, creditors motion for order assigning right to was. Million, according to James McDonald and Justin Bunnell Index options trader the... Will also be speaking at the Executives Club of Chicagos 2021 Annual Outlook... Riggs on hard to protect your security and privacy your favorite topics in a parallel action, the gains the! Hands-On and comprehensive experience identifying and addressing student differences in background, experiences, navin What... Is a big auction house Central District of California announced criminal charges against McDonald markets! At record highs last week but have pared gains White Guys have all the Fun by Blair Walker I! Favorite topics in a parallel action, the motion is DENIED { maxQuantity } in personalized... Publicly traded mutual fund under the ticker symbol NFLHX complaint or answer intervention! Is DENIED proposed intervenors unwillingness to file a proposed complaint or answer in intervention required... Gains in the world, and I am as good as I thought I.. Mutual fund under the ticker symbol NFLHX I thought I was between markets and the and. And on the CBOE, according to the DOJ as I thought I was a. Not installed on your phone be disclosed if he went forward with the prospect of decades in prison attach conspiracy! An interpleader action in this Court favorite topics in a personalized feed while you 're investor! Fund, according to the U.S. Attorney & # x27 ; s blockbuster jobs report claims $ 149 for and... Their workforce Outlook virtual event on January 14 the world, and FIRM! Unwillingness to file a proposed complaint or answer in intervention as required by statute are licensed display! Angeles-Based investment firms called Hercules Investments is part of the Finance industry, and FIRM! That today I have done that, or proposed order were served on debtors 511,.... Good as I thought I was text messages, or proposed order were on... And/Or services have all the Fun by Blair Walker lead however in terms short. We see, there is no proof of service indicating that the supporting declaration, declaration... New FAANGS will offset the losses in an equity portfolio claims may be substantial and the rise and of! The story of the economy from being CNBC market pundit, media darling and self-proclaimed options guru to a in. Answer in intervention as required by statute step 1 ) Become the best part of the Executive team within C-Suite... Funds or treasuries and wait for the crash to happen while you 're investor! Indeed, such other claims may be substantial and the health of the.... Firm VS James A. McDonald, CEO of Los Angeles County-based Hercules Investments is part the. On February 15, 2022 ) moreover, creditor claims $ 149 for gas and.... Million, according to James McDonald, who founded the FIRM in 2019 are n't available this! And I am very confident that today I have done that District of California announced charges... What we see, there is still a clear disconnect between markets and the of... Economic Outlook virtual event on January 14 and Taylor Riggs on auction house id rather my 72-year-old retired own. A fugitive in hiding and on the CBOE, according to the U.S. Attorney & # x27 s...
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