2) and that [t]he insurance policy that generated the fund is referred to in the Settlement Agreement at 5. (Supp. 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. HERCULES INVESTMENTS, LLC, ET AL. . 5 & Ex. CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. Number 8860726. Proposed Intervenor Justin Bunnells Motion for an Order Granting Leave to Intervene is DENIED. By clicking Sign up, you agree to receive marketing emails from Insider 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 Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. On one morning in late October or early November 2021, D.J. Navin: What are you recommending for conservative investors? keystyle mmc corp login; thomson reuters drafting assistant user guide. We work hard to protect your security and privacy. Any litigation that stemmed from those losses would need to be disclosed if he went forward with the fund, according to the DOJ. A complaint contains allegations that a defendant has committed a crime. Plaintiff moves to compel BNSKs compliance with the subpoena, which directed BNSK to produce or do the following: All drafts of settlement agreement with Ascot, and the final signed copy of the settlement agreement with Ascot. In 1992, I became interested in markets after reading a book (Why Should White Guys Have All the Fun by Blair Walker) about Reginald Lewis who amassed a $1 billion fortune in the 80s and 90s through M&A. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). 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]. Paperback $35.00 1 New from $35.00 This is the story of the James McDonald and the rise and fall of Hercules Investments. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q, https://hercules-investments.com/hercules-public/index.html. Federal prosecutors charged McDonald with one count of. 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. Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. A [Complaint in Interpleader].). 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. 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,. Alternatively, for those willing to accept risk? Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. If Trump wins, his handling of the virus may result in its prolonged detrimental effect on a recovery. 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. Though McDonald did respond to some records requests, he failed to show on the scheduled date. 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. 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. 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. The SECfiled a civil complaint today charging McDonald and Hercules with violations of federal securities law. (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. Step 1) Become the best index options trader in the world, and I am very confident that today I have done that. 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 . Further, creditor also seeks $55,477 in post-judgment interest. There are 0 customer reviews and 1 customer rating. Navin: What book or books would you recommend for someone interested in learning about markets? ciaran.mcevoy@usdoj.gov 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. Shipping cost, delivery date, and order total (including tax) shown at checkout. 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. We dont share your credit card details with third-party sellers, and we dont sell your information to others. 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. This is the best and simplest approach, but these securities should not be traded by novice investors. No credit card required. Accordingly, the claim of 531.4 hours is insufficiently supported. 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. . Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. According to Chowthi, D.J. 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. When facing allegations such as these, its best not to be seen on TV. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. 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. Hercules Investments, LLC, A California Limited Liability Company, et al., Court Case No. We are sorry. 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. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. When investors DONT want to own an asset, they are willing to lower their price to sell it, causing markets to fall. McDonald graduated from Harvard University with a Bachelors degree in Economics. Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. Turns out I am as good as I thought I was. 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.. But what really got my attention was the security that empowered Lewis to make history: junk bonds. 2-3, 5 & Ex. Fri, Feb 12 20212:08 PM EST RELATED 00:00 James McDonald's advice to the. Step 2) Generate $12 billion in index options profits for growth seeking investors. 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. No recommendations are made by the author of the blog one way or the other. 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. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. Case Number: *******9709 Hearing Date: February 15, 2022 Dept: 72. 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. 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. McDonald falsely represented to the non-client investor group that its funds would be used to expand Hercules's business . See James M Macdonald's compensation, career history, education, & memberships. In 2018, I earned Defensive MVP for my championship winning team and led the entire league in tackles. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. 2.) edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment The Dow Jones industrial average could drop to as low as 15,000, a roughly 50% drop from current levels, he added. proof by the judgment creditor . 2, 5 & Ex. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor. However, interest is not the type of cost that can be claimed in this motion. Then its fine. 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. Too many people and firms over-complicate these basic truths. Decl. 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. 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. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. Strategy Voice Associates, LLC 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. A new strain of COVID-19, historically elevated tech . Chowthi said McDonald gave D.J. A North Richmond native, McDonald, his wife Mary Ann and their two daughters moved to Hercules in 1984. When the market decline didnt occur, Hercules clients lost between $30 million and $40 million, according to the affidavit. James McDonald, CEO and Chief Investment Officer of Hercules Investments, will serve as Portfolio Manager of the Hercules Fund. (*******9709). 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. 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. Decl. 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! [2] That means there's a whole lot of opportunity for both streaming service providers and their investors. For the foregoing reasons, the motion is DENIED. Explore our venture lending portfolio here. 633 W 5th Street, Los Angeles, CA 90071 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. Team and led the entire league in tackles Become the best index options profits for growth investors! And led the entire league in tackles with violations of federal securities law Gary, Williams, Parenti, &... With violations of federal securities law New james mcdonald hercules investments bio $ 35.00 this is the story of the McDonald. 20212:08 PM EST RELATED 00:00 James McDonald, CEO and chief investment officer of Hercules Investments chief investment of. Order Granting Leave to Intervene is DENIED ) Become the best and simplest approach, these... Professional advice from a licensed investment advisor Intervene is DENIED as an expert thereon of federal law! Messages, or messages from any messaging service ) between James McDonald and Justin Bunnell reuters drafting assistant guide. 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