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. If the stock market falls by say 20-40 percent, you can expect a vol instrument such as UVXY or VOLQ to gain 100-200% so purchasing long-dated call options on those vehicles could deliver gains of 10X the gains on the instrument itself. On one morning in late October or early November 2021, D.J. Hercules Investments is the firm I founded solely to achieve these goals. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. Pursuant to CCP 685.040, paragraph 13 of the stipulated judgment, and CCP 1033.5(10)(A), creditor Ginzburg is entitled to the reasonable and necessary costs of enforcing a judgment. The S&P 500 could be headed for a drop of up to 48%, according to James McDonald, the CEO and chief investment officer of Hercules Investments. VOLQ is even better because it can be used to protect gains and principal in tech holdings. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. However, interest is not the type of cost that can be claimed in this motion. Chowthi said McDonald gave D.J. 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).). He then misappropriated those funds in various ways, including spending roughly $174,610 of them at a Porsche dealership. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. ), While BNSK may have previously been in possession of funds that may be used to satisfy the judgment in plaintiffs favor entered in this action, the settlement funds from Herculess insurer have now been deposited into a court account, the allocation of which will be determined in an interpleader action. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. Hercules Investments is part of the Finance industry, and located in California, United States. 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 . 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. options. The best way to follow the money is to identify advancers versus decliners across as many industries, sub-sectors, regions, and asset classes as possible. - The dangers of too much fiscal and monetary stimulus Being able to identify the turning points in sentiment is our secret to success. Look at what happened in February when the virus became known. [3] McDonald graduated from Harvard University with a Bachelors degree in Economics. However, the Court file reflects that counsel for creditor has remotely appeared for each hearing since entry of the judgment. And the best part of all, documents in their CrowdSourced Library are FREE! James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. Federal prosecutors charged McDonald with one count of. VS JAMES A. MCDONALD, JR., ET AL. And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. To Chowthi, the evidence indicates that McDonald is currently intentionally concealing his whereabouts., https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png, Hercules Investments CEO/CIO James McDonald. VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. McDonald: Number 1 is COVID-19. 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,. James M Macdonald is Pres:Workplace Investing at Fidelity Investments. No recommendations are made by the author of the blog one way or the other. 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. Apr. 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 . 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. But what really got my attention was the security that empowered Lewis to make history: junk bonds. "As we see now, eventually reality strikes and changes things overnight. For this reason alone, the motion should be denied. View James A McDonald's profile for company associations, background information, and partnerships. Los Angeles Financial Services Companies. Second, the Court file reflects that the motions which creditor filed have been unsuccessful. It looks like WhatsApp is not installed on your phone. I do not hold positions in these investments. Turns out I am as good as I thought I was. Decl. 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. Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . As stated in his opening brief, proposed intervenor admits to this Court that Bunnell seeks only to only [sic] oppose the Assignment Motion (Bunnell Mem. If Biden wins, he will make the necessary tough choices early on that will hammer the market: tax hikes, and sweeping lockdowns of the economy. BROWN NERI SMITH & KHAN LLP, A LIMITED LIABILITY PARTNERSHIP, AND LAW FIRM VS JAMES A. MCDONALD, ET AL. Because judgment was not entered before this date, fees incurred from August 17, 2021 to December 9, 2021 necessarily could not have been incurred in enforcing the judgment. The stated reason for seeking ex parte relief is the purported irreparable harm and immediate danger of this Court granting plaintiffs Motion for Assignment without first determining whether Bunnell may intervene in this action and be heard as to that motion. A locked padlock 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. 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. Alternatively, for those willing to accept risk? Lines and paragraphs break automatically. The stock market is a big auction house. 3.). ) or https:// means youve safely connected to the .gov website. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors On its face, the number of hours appears to be without merit. The Dow Jones industrial average could drop to as low as 15,000, a roughly 50% drop from current levels, he added. Generally speaking, if markets crash, the gains in the volatility exposure will offset the losses in an equity portfolio. Second, between February and October 2021, McDonald offered and sold equity investments in Hercules itself, raising $1.5 million from two types of investors: one non-client group and two existing individual Hercules clients. Eligible for Return, Refund or Replacement within 30 days of receipt. 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. Previously, McDonald was of counsel to Gary, Williams, Parenti, Watson & Gary, P.L.LC. (Brown Decl. In fairness to James McDonald, television is a much more welcoming venue than an SEC hearing room or courthouse. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. UVXY went from $12 to $120. Cancellation and Refund Policy, Privacy Policy, and 633 W 5th Street, Los Angeles, CA 90071 Hercules Investments specializes in actively managed and systematic investment strategies to monetize investment performance from equity market volatility. The SEC appreciates the assistance of the U.S. Attorney's Office, the Federal Bureau of Investigation, and the Internal Revenue Service-Criminal Investigation Division. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. It can be difficult to enter a field/industry where no one whos winning the game looks like you but Lewis did it and I took notice. A California advisor and frequent CNBC commentator is on the run after being charged withdefrauding clients of millions, according to the Department of Justiceand the Securities and Exchange Commission. Your activity looks suspicious to us. Paperback $35.00 1 New from $35.00 This is the story of the James McDonald and the rise and fall of Hercules Investments. that he was not going to stick around and that he would vanish, Chowthi wrote. 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. 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.. 312 North Spring Street LOS ANGELES A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a federal criminal complaint alleging he lied to investors. 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.. McDonald: Conservative investors should move to money market funds or treasuries and wait for the crash to happen. 2022-01-21, Los Angeles County Superior Courts | Contract | From this, the Court is hard pressed to make any finding as to what, if any, payments are due to the judgment creditors for purposes of assignment to plaintiff. 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. We dont share your credit card details with third-party sellers, and we dont sell your information to others. 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]. 2021-02-22, Los Angeles County Superior Courts | Contract | Some property owners may prefer this information be james mcdonald hercules investments net worth confidential, we are licensed to display information. Track. VS TRILLER HOLD CO LLC, ET AL. Public Records Policy. On May 3, 2022, creditors motion to compel compliance with subpoena was denied. 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,. Hercules Investments, LLC, A California Limited Liability Company, et al., Court Case No. (Lindemann Decl. A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. 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. The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. Case Number: *******9709 Hearing Date: May 3, 2022 Dept: 72. scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. Plaintiff presented nothing else of relevance in support of the motion. 28, 2021 at 7:18 a.m. However, the motion was not properly served. After injuries in high school, as a non-scholarship walk-on player, I ended up playing college football in Maryland and was having a stellar season as a freshman until I suffered a catastrophic knee injury that rendered me disabled for the next 15 years. Lock Los Angeles, California 90012. Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. After transferring to and graduating from Harvard, I set a career path with a firm intent to make a positive meaningful impact in the industry and personally to culminate my business career with the purchase of an NFL team for myself. McDonald projected that the COVID-19 pandemic and the election would result in major selloffs that would cause the stock market to drop. Enhancements you chose aren't available for this seller. There are 0 customer reviews and 1 customer rating. 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. 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. CEVA Logistics. [USA Today]. . 1996-2023, Amazon.com, Inc. or its affiliates, Select a location to see product availability. "Risks here are as high or higher than potential gains, so it only makes sense to have a defense in place," McDonald concluded. Dangers of too much fiscal and monetary stimulus Being able to identify the turning points sentiment. 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