Work Biography for James McDonald, Hercules Investments. Wealth Management is part of the Informa Connect Division of Informa PLC. 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. McDonald: You have to follow the money. 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. (See Ex Parte App. 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. Search our database of over 100 million company and executive profiles. Ciaran McEvoy Alternatively, for those willing to accept risk? Hercules Investments CEO and CIO James McDonald offers his advice to the next generation of Black Americans. 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. James McDonald, the founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index options. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Hercules Investments, LLC and Justin Bunnell. 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. He also allegedly sent ISA clients false account statements, including for one client who invested approximately $351,000, later needed the money to make a down payment on a home, was informed by McDonald that much of the money had been lost, and never got his full investment back. Could you describe what you mean by that? - The dangers of too much fiscal and monetary stimulus 2021-02-22, Los Angeles County Superior Courts | Contract | A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. He last appeared on the network in July 2021. 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! 4.). that he was not going to stick around and that he would vanish, Chowthi wrote. Navin: Growth has been beating value for a number of years now. Prior to that he was CIO of Vishnu Wealth Management and CEO. Web page addresses and e-mail addresses turn into links automatically. 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). This is the best and simplest approach, but these securities should not be traded by novice investors. The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. According to the U.S. Attorney's Office, McDonald's . 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. 3.) VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. How To Invest In Bitcoin By Two Harvard Minds. 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. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors Los Angeles, California 90012. 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. The Hercules Fund aims to generate positive returns during times of rising and falling stock markets. Accordingly, to the extent that the post judgment enforcement proceedings in this case includes work on creditors ex parte application and motions, such work appears not to have been reasonable and necessary. Anyone with information about McDonalds whereabouts is encouraged to call the FBIs Los Angeles Field Office at (310) 477-6565. It looks like WhatsApp is not installed on your phone. 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. James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. [3] Fri, Feb 12 20212:08 PM EST RELATED 00:00 James McDonald's advice to the. 21STCV19709 in the Superior Court of California, County of Los Angeles. In a recent note to clients, McDonald, who profited from the pandemic crash in March with bullish wagers on stock-market volatility, laid out three reasons the market is especially vulnerable to such a swift downturn right now. Brown, whose firm used to represent defendants on other matters seemingly related to this litigation but never actually appeared on behalf of defendants in this case. On its face, the number of hours appears to be without merit. But my excellence at trading didnt happen overnight. 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. I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. 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 . I do not hold positions in these investments. Don't miss this show today! 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. The FBI and IRS Criminal Investigation investigated this matter. McDonald: Without question: Market Wizards Jack Schwager. All e-mails, letters, notices, or any other communication between Ethan Brown and any representative or lawyer for Ascot. 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. An official website of the United States government. Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. Learn more how customers reviews work on Amazon, Independently published (February 4, 2022). However, the motion was not properly served. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. (Lindemann Decl. If you're an investor, you'd want to look much deeper into each of these situations. Even large-cap companies such as Disney and Exxon-Mobil 297 views, 25 likes, 0 loves, 5 comments, 0 shares, Facebook Watch Videos from Hercules Investments: James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment. Amazon has encountered an error. Pursuant to CCP 708.510, a judgment creditor may seek by way of noticed motion an order that the judgment debtor assign to the judgment creditor all or part of a right to payment due or to become due. (CCP 708.510(a).). Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. James Macdonald will celebrate 62nd birthday on a Tuesday 4th of October 2022. 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.. On February 15, 2022, creditors motion for order assigning right to payment was denied. A mere 5% allocation to its ITM call options would have sufficed for protection for an entire portfolio. Plaintiff Semyon Ginzburgs Motion for Order Assigning Right to Payment Due to Satisfy Judgment is DENIED. James McDonald, Hercules Investments founder and CEO, said Friday that the news of President Donald Trump contracting COVID-19 could "completely change the direction of the campaign," and. Hercules Investments is part of the Finance industry, and located in California, United States. That seems not to be a proper basis for intervention under CCP 387, and Bunnell cites no meaningful authority for the proposition that he may intervene in an action for the limited purposes of participating in post-judgment proceedings or seeking to undermine the judgment already entered. James McDonald, CEO of Hercules Investments, told Yahoo Finance's "The First Trade" that the president and his advisors so far have paid close attention . Look at what happened in February when the virus became known. Read more about Hercules Capital's Fourth Quarter and Full-Year 2022 Results Life Sciences Technology SaaS Finance Sustainable + Renewable Los Angeles County Superior Courts | Contract | Indeed, Bunnell concedes he has no actual interest in participating in this litigation at all. In an initial declaration, counsel for plaintiff confusingly and without providing context, corroboration, or support states: The settlement agreement underlying the Judgment, and communication, refers to the fact that the payment will come from the Ascot insurance policy. (Lindemann Decl. Plaintiff Semyon Ginzburgs Motion to Compel Compliance with Subpoena is DENIED. ", 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. 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.. NDAQ are slashing up to 20% of their workforce. 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. 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,. Eligible for Return, Refund or Replacement within 30 days of receipt. Accordingly, the claim of 531.4 hours is insufficiently supported. low income communities, small businesses). They are part of the Executive team within the C-Suite Department and their management level is C-Level. When investors DONT want to own an asset, they are willing to lower their price to sell it, causing markets to fall. Does he seek to join in plaintiffs claims against the defendants through the filing of a complaint in intervention? Moreover, the claimed fees are insufficiently supported. As soon as we found out he was under investigation, we no longer allowed him on our air, said a CNBC spokesperson. 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. ET by Tomi Kilgore. A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. Pastor James MacDonald, of Harvest Bible Chapel, was given the boot last week by church elders after "highly inappropriate . Accordingly, it cannot be said that the fees creditor incurred in defending against Bunnells ex parte application to vacate the stipulated judgment or motion to intervene were reasonable or necessary to the enforcement of the judgment. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. Creditor seeks fees for 531.4 hours incurred at an hourly rate of $500 for collecting and enforcing the settlement agreement and judgment between August 17, 2021 and September 1, 2022. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. Strategy Voice Associates, LLC Charles Canter will lead the litigation. November's blockbuster jobs report. in Economics. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance 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. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Moreover, creditor claims $149 for gas and mileage. In a parallel action, the United States Attorney's Office for the Central District of California announced criminal charges against McDonald. For all the foregoing reasons, the motion is DENIED. 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. | By . He speaks with Bloomberg's Romaine Bostick and Taylor Riggs on . 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. 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. 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,. 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