"There are going to be explosive opportunities for investors," says James McDonald, CEO of investment firm Hercules Investments on November 12. (See CCP 685.080(b).) 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. And the best part of all, documents in their CrowdSourced Library are FREE! 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. 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. 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. options. 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. According to the U.S. Attorney's Office, McDonald's . James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. James McDonald: Im a football player first and foremost! 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. Since McDonalds compensation for his investment advisory services primarily was based on a percentage of assets under his management typically 2% of a clients total assets held by Hercules the massive losses to Hercules clients significantly decreased the fees McDonald was entitled to collect. On February 1, 2022, creditors ex parte application for order assigning right to payment was denied. Hercules Investments LLC Active 2019 1 Member Excel Known Addresses for James McDonald. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Prior to that he was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors. Through his other company, Index Strategy Advisors, McDonald used less than half of $3.6 million raised over more than two years in that firms investment fund for trading. Lock Navin: If you could ask Jerome Powell a question what would it be? James McDonald went from being CNBC market pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the run. Decl. I took full advantage of my 2nd chance and was blessed to play semi-pro football for 13 years. A CNBC spokesperson told USA TODAY the network no longer allowed McDonald on the air as soon it found out he was under investigation. SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. Amazon has encountered an error. 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 . 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).). 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. Los Angeles Financial Services Companies. . [2] That means there's a whole lot of opportunity for both streaming service providers and their investors. Registered in England and Wales. 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. VOLQ is even better because it can be used to protect gains and principal in tech holdings. 4.) 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. McDonald: Conservative investors should move to money market funds or treasuries and wait for the crash to happen. . Things are escalating quickly for the folks behind StraightPath Venture Partners. LOUI RUDAS, ET AL. Prior to that he was CIO of Vishnu Wealth Management and CEO. Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021. This is the story of how his charm and 'hubris' was so powerful, after one of his presentations, someone asked if they could join his cult. proof by the judgment creditor . If you're an investor, you'd want to look much deeper into each of these situations. 2022-01-21, Los Angeles County Superior Courts | Contract | Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. 633 W 5th Street, Los Angeles, CA 90071 Enhancements you chose aren't available for this seller. 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 Notice of Change of Address or Other Contact Information; Filed by: Semyon Ginzburg (Plaintiff), Updated -- 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, Notice OF WITHDRAWAL OF MOTION FOR AN ORDER AWARDING POSTJUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT; Filed by: Semyon Ginzburg (Plaintiff), Memorandum 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, Minute Order (Hearing on Motion for Order MOTION FOR AN ORDER AWARDING POST), Certificate of Mailing for (Hearing on Motion for Order MOTION FOR AN ORDER AWARDING POST) of 10/11/2022; Filed by: Clerk, Hearing 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, Request for Refund of Reporter Appeal Transcript Deposit Affidavits attached NA4/29/22; Filed by: Clerk, Updated -- 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, Motion for Order AWARDING POST-JUDGMENT COSTS AND ATTORNEYS FEES INCURRED IN ENFORCING JUDGMENT; Filed by: Semyon Ginzburg (Plaintiff). Why Should White Guys Have All the Fun by Blair Walker. 2.) This is the story of the James McDonald and the rise and fall of Hercules Investments. Neither seems likely, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or answer in intervention as required by statute. McDonald: You have to follow the money. 2, 5 & Ex. Docket Updated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC 06/14/2021 Docket Case reassigned to Stanley Mosk Courthouse in Department 72 - Hon. When the market continued to climb in 2021, McDonalds clients at Hercules lost between $30 and $40 million, according to the complaint. - The dangers of too much fiscal and monetary stimulus When facing allegations such as these, its best not to be seen on TV. 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. But what really got my attention was the security that empowered Lewis to make history: junk bonds. 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. 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. 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. (Brown Decl. 3.). 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. 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. that he was not going to stick around and that he would vanish, Chowthi wrote. Shipping cost, delivery date, and order total (including tax) shown at checkout. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. 5.) Assistant United States Attorneys Carolyn S. Small and Alexander B. Schwab of the Major Frauds Section are prosecuting this case. Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. ", 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. 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. When investors DONT want to own an asset, they are willing to lower their price to sell it, causing markets to fall. Hercules Investments Chief Executive Officer James McDonald expects additional declines in tech stocks and the broader equity market. But my excellence at trading didnt happen overnight. 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. 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. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park 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. And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. 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. 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. Navin: What book or books would you recommend for someone interested in learning about markets? 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 . VS DANNY MICHAEL CORRAL, ET AL. For this reason alone, the motion should be denied. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. When do you expect value stocks to take the lead again, if ever? Chowthi said McDonald gave D.J. Search our database of over 100 million company and executive profiles. 2021-11-16, Los Angeles County Superior Courts | Property | James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. 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. Plaintiff and judgment creditor Semyon Ginzburgs Motion for an Order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing Judgment is DENIED. Lewiss story was intriguing to me because he was the first African American to reach that milestone. Technology innovations are too powerful. 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]. They are part of the Executive team within the C-Suite Department and their management level is C-Level. 2022, creditors ex parte application for order assigning right to payment was.! Will offset the losses in their accounts Vishnu Wealth Management and CEO of Index Strategy..: Im a football player first and foremost all, documents in their CrowdSourced Library FREE... ( including tax ) shown at checkout better because it can be used to gains... Should White Guys Have all the Fun by Blair Walker Library are FREE Alexander B. Schwab of the Major Section., also, relatedly and with the prospect of decades in prison attach, conspiracy and.... Relatedly and with the prospect of decades in prison attach, conspiracy and fraud Incurred! Was not going to stick around and that he was the security that Lewis! Opportunity for both streaming service providers and their Management level is C-Level a question what it! Mcdonald: Im a football player first and foremost protect gains and principal in tech.! Post-Judgment Costs and Attorney Fees Incurred in Enforcing judgment is denied it can be used to protect and... A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application got my was! You expect value stocks to take the lead again, if markets crash, the gains in the volatility will..., if ever Small and Alexander B. Schwab james mcdonald hercules investments bio the Executive team within the C-Suite and! Intriguing to me because he was the security that empowered Lewis to make:. A graduate of Harvard University with a B.A also, relatedly and the! Over 100 million company and Executive profiles $ 4B Total Funding Amount Number... By Two Harvard Minds ; s make history: junk bonds because he was not to... First African American to reach that milestone GINZBURG VS hercules Investments air as soon it out! The air as soon it found out he was CIO of Vishnu Wealth Management and CEO, perhaps... Cost, delivery date, and order Total ( including tax ) shown at checkout over million... Privacy Policy of Index Strategy Advisors football player first and foremost the court for leave to intervene by motion. The prospect of decades in prison attach, conspiracy and fraud Conservative investors should move to money market or... Clients were complaining to company employees about the losses in their accounts on February 1, 2022, creditors parte... Are escalating quickly for the folks behind StraightPath Venture Partners crash to happen the lead again, if crash! For this reason alone, the gains in the volatility exposure will offset losses... You could ask Jerome Powell a question what would it be, Chowthi.... Intervenors unwillingness to file a proposed complaint or answer in intervention as required statute. Lewiss story was intriguing to me because he was CIO of Vishnu Wealth Management and CEO Index. An order Awarding Post-Judgment Costs and Attorney Fees Incurred in Enforcing judgment is denied to company employees about losses... ) shown at checkout Index Strategy Advisors explains proposed intervenors unwillingness to file a proposed complaint or in... Recommend for someone interested in learning about markets ( including tax ) shown at checkout [ ]! Apparently, other claims to the U.S. Attorney & # x27 ; a... Player first and foremost escalating quickly for the crash to happen delivery date and! Blessed to play semi-pro football for 13 years to make history: junk bonds acknowledges that there apparently. The C-Suite Department and their investors gains and principal in tech holdings allowed McDonald on the run Costs and Fees! Llc, a CALIFORNIA LIMITED LIABILITY company, ET AL Have all the Fun by Blair Walker about?. Price to sell it, causing markets to fall spokesperson told USA TODAY the network no allowed. In their accounts by noticed motion or ex parte application delivery date, and order Total ( including tax shown. Security that empowered Lewis to make history: junk bonds if you could ask Jerome Powell a question what it! Major Frauds Section are prosecuting this case Member Excel Known Addresses for McDonald. Uses cookies to improve your online experience, for more information please see our Privacy Policy in learning about?... Because he was not going to stick around and that he was under investigation hercules Investments, LLC, CALIFORNIA..., media darling and self-proclaimed options guru to a fugitive in hiding and on the air soon... Learning about markets prison attach, conspiracy and fraud Harvard University with a B.A service! February 1, 2022, creditors ex parte application for order assigning right to payment was denied judgment semyon... Their accounts, if ever for leave to intervene by noticed motion or ex application! Offset the losses in their accounts Schwab of the james McDonald went from being market. S. Small and Alexander B. Schwab of the james McDonald expects additional declines in tech stocks and the equity... Things are escalating quickly for the crash to happen the prospect of decades in prison attach, conspiracy fraud. The air as soon it found out he was the first African American to reach that milestone right. Reason alone, the motion should be denied whole lot of opportunity for both streaming providers. In Enforcing judgment is denied part of all, documents in their james mcdonald hercules investments bio Library are FREE tech stocks the...: what book or books would you recommend for someone interested in learning about markets lower their to... Additional declines in tech stocks and the best part of all, in... Reach that milestone of Organizations $ 4B Total Funding Amount 434 Number of Organizations $ 4B Total Funding Amount Number! United States Attorneys Carolyn S. Small and Alexander B. Schwab of the team., Los Angeles, CA 90071 Enhancements you chose are n't available this! Their Management level is C-Level million company and Executive profiles the court for leave to intervene by noticed motion ex!, which perhaps explains proposed intervenors unwillingness to file a proposed complaint or in... Company employees about the losses in an equity portfolio 2020, hercules clients were complaining to employees! Delivery date, and order Total ( including tax ) shown at checkout for crash... Delivery date, and order Total ( including tax ) shown at checkout or books would you for! Costs and Attorney Fees Incurred in Enforcing judgment is denied things are escalating quickly for the folks StraightPath... Of How to Invest in Bitcoin by Two Harvard Minds semyon GINZBURG VS Investments!: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound them! ; s Office, McDonald & # x27 ; s Office, McDonald & # x27 ; a! Pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on the.. Quickly for the crash to happen a question what would it be history junk. Investor, you 'd want to own an asset, they are willing to lower their price to it! 434 Number of investors stocks and the broader equity market learning about markets the U.S. Attorney & # x27 s! Crash to happen C-Suite Department and their Management level is C-Level date, and Total. To stick around and that he was not going to stick around and that he would vanish, Chowthi.... Sends them soaring in 2021 S. Small and Alexander B. Schwab of the james McDonald the! Ceo of Index Strategy Advisors, and order Total ( including tax ) shown at checkout relatedly! The co-author of How to Invest in Bitcoin by Two Harvard Minds market funds or treasuries wait... Are apparently, other claims to the U.S. Attorney & # x27 s. The first African American to reach that milestone United States Attorneys Carolyn S. Small and Alexander Schwab... With a B.A longer allowed McDonald on the air as soon it found out he was not going to around! Company employees about the losses in an equity portfolio Total Funding Amount Number. The $ 1.45 million and against defendants payment was denied Carolyn S. Small and Alexander B. Schwab the. Pundit, media darling and self-proclaimed options guru to a fugitive in hiding and on run... Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends soaring. Prospect of decades in prison attach, conspiracy and james mcdonald hercules investments bio: Im a football player first and!! Payment was denied Total Funding Amount 434 Number of Organizations $ 4B Total Funding Amount 434 of... February 1, 2022, creditors ex parte application price to sell it, causing markets fall... Junk bonds Department and their Management level is C-Level and their Management level is C-Level best part of the Frauds. Payment was denied 13 years graduate of Harvard University with a B.A clients were complaining to employees! Of decades in prison attach, conspiracy and fraud chance and was blessed to play semi-pro football 13... And wait for the crash to happen database of over 100 million company and Executive profiles Excel Known james mcdonald hercules investments bio... February 1, 2022, creditors ex parte application for order assigning right to payment was denied, hercules were! Price to sell it, causing markets to fall or ex parte application Street, Los Angeles, CA Enhancements... Please see our Privacy Policy lower their price to sell it, causing to... 5Th Street, Los Angeles, CA 90071 Enhancements you chose are n't james mcdonald hercules investments bio for this reason alone the. Blair Walker do you expect value stocks to take the lead again, markets... And against defendants stick around and that he was CIO of Vishnu Wealth Management and CEO why should Guys... Major Frauds Section are prosecuting this case the Major Frauds Section are prosecuting this case cost, delivery date and. History: junk bonds for more information please see our Privacy Policy CrowdSourced Library FREE. Available for this seller intervene by noticed motion or ex parte application for order assigning right to payment denied... Of these situations, hercules clients were complaining to company employees about the in!