Hercules CEO, CNBC Pundit 'In Hiding' Amid Securities Fraud Charges James Arthur McDonald Jr. appears to be on the lam as he faces as much as 20 years in prison for allegedly defrauding. VS PIER ASSET MANAGEMENT LLC, ET AL. Lists Featuring This Company. Every Sports Reference Social Media Account, Site Last Updated: Thursday, March 2, 12:12AM. Bonawyn Eison landed in New York after graduating from Stanford University in 2005 and has been building his career in the financial markets ever since. I want everybody to win. Thats why our ticker is NFLHX. The S&P 500 is trading at about 23 times projected forward earnings. In celebration of Black History Month,CNBC Invest in Youis featuring weekly stories from CNBC contributors and members of theFinancial Wellness Council, including the lessons they've learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap. What to know before applyingBlack small-business owners are being left behind in the pandemic, survey findsBlack leaders offer several key steps to help close the racial wealth gap. 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. 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, authorities said. Degas Wright, a former Captain in the United States Army, says outside of his family the biggest influence in his life was his time at the United States Military Academy at West Point. Hercules Capital started at outperform with $17.50 stock price target at Oppenheimer. For George James, chief innovation officer at the Council for Relationships and CEO of George Talks, giving advice and counsel is part of his everyday life. "I remember summer of my freshman year walking around with my roommate and he saw the buildings being gray, but I saw silver because I really wanted to be there. Finally, one place to get all the court documents we need. Case Summary On 11/16/2021 HERCULES INVESTMENTS, LLC, filed a Contract - Business lawsuit against DANNY MICHAEL CORRAL,. SALLY HOSN VS VERNE?S PLUMBING, INC., ET AL. He then started The RLJ Companies, which is headquartered in Bethesda, Maryland, and invests in diverse businesses. ET. With only a few times in history have we had a gap even approaching these levels of GDP growth, equity market prices, corporate profits, equity market prices and PE ratios. James McDonald, founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index options. He is now shifting to what he calls a Gamma Yield strategy that's designed to take advantage of excess volatility and fear in the market. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park Yet it's not his only passion he had a 12-year. All Rights Reserved. He likes to remind young Black men to look at the success others have had before them, most notably the first Black man to sit in the Oval Office, former President Barack Obama. There is nothing like self-empowerment: Feeling like you have the tools within yourself to kind of move forward, said Eison, who credits his mother for helping shape him into the man he is today. Yet it's not his only passion he had a 12-year. 2023 CNBC LLC. I think the phenomena is an anomaly like virtually every pocket of life were in right now. And I think that that will trigger selling of portfolios that have had extensive gains, particularly in the past six months. Salesforce is paying Matthew McConaughey reported $10 million a year for creative help despite laying off 8,000 Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. On this Wikipedia the language links are at the top of the page across from the article title. Malcolm Mackey in Department 55 Stanley Mosk Courthouse. Quadruple-point moves on the Dow Jones Industrial Average have been commonplace since late-February, for example. Its not a doomsday picture, but markets are priced right now as if all economic engines are fully up and running. If you do not agree with these terms, then do not use our website and/or services. international comfort products serial number hillcrest high school principal email what happened to hollings restaurant uk assassins musical script sekwan auger wiki arrma fireteam lights jack baldwin ihuman is paul giamatti in mandalorian is charlie ross dead etobicoke visa office processing time matthew francis nolan florida mugshots boyero de berna precio estados unidos hsbc hong kong iban . 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. He argues the stimulus package will fail to rehabilitate the economy and thinks investors are too sanguine about the vaccines rollout, citing logistics and trust issues surrounding the vaccine. Prosecutors allege that McDonald concealed massive financial losses from some clients and used some investment money for personal expenses, spending some of it at a Porsche dealership and on a website that sells designer menswear. All rights reserved. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting a risky short position based on his wrong prediction that the stock market would drop because of the COVID-19 pandemic and the results of the U.S. presidential election, the U.S. attorneys office said. Its an all-weather strategy. "Take ownership of your financial education so that you can change not only your life but your family's life for the better," he recently told CNBC. He started trading financial and energy options at JPMorgan Chase and made a few other career moves before taking his current job as managing director of equity derivatives at XP Investments. IE 11 is not supported. That strategy is over, McDonald said. Track. It is your superpower, it can be your superpower. McDonald, who lived in the Los Angeles suburb of Arcadia, is believed to be in hiding, the statement said. DocketMinute Order (Court Order RE: Default Judgment), DocketCertificate of Mailing for (Court Order RE: Default Judgment) of 07/14/2022; Filed by: Clerk, DocketCase Management Conference scheduled for 08/10/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 55 Not Held - Vacated by Court on 07/14/2022, DocketOn the Complaint filed by Loui Rudas, et al. In the S&P 500, you have mega cap tech Covid winners like Microsoft, Amazon, etc. LOS ANGELES (AP) A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said. Bonawyn Eison: The next generation of leaders are 'on the other side of the camera', Dr. George James: Advice for the next generation, James McDonald: 'Go after what you want and be all that you can be', President Biden pledges to fix the racial wealth gap. But buying index call options should remain profitable all the way through the election because smaller pockets of volatility are likely. And so, equity market prices are assuming earnings that arent there. NBCUniversal and Comcast Ventures are investors in Acorns. (No Ratings Yet) Despite the challenges of Covid, equity markets have pushed to all-time highs on most indexes in a fashion that would suggest there is no risk in the market. The fact that we were first, the fact that we symbolized what Black Americans can do if given an opportunity was the proudest, one of the proudest days of my life in business.. [3] Our ability to monetize volatility is exceptional as evidenced by our winning WealthManagement.coms 2020 Wealthies Award as top Alternative Asset Manager. Copeland, who graduated from and now teaches at the University of Pennsylvania, has been a longtime advocate for increased financial literacy. All rights reserved.For reprint rights. When we perform well for the client, we perform well for ourselves. LinkedIn has officially entered its cringe era, and its working. "These are incredibly uncertain times for the stock market and for investors," said James. Brandon Copeland's advice to the next generation, James McDonald on financial literacy and the racial wealth gap, Kourtney Gibson on embracing your superpower, Akbar Gbajabiamila: 'Sometimes I wish I could just be the Black Financial Superman', Dewardic McNeal: 'This is not a wealth gap. More from Invest in You:President Biden pledges to fix the racial wealth gap. I would highly recommend them for any growth company looking for capital. "There are going to be explosive opportunities for investors," says James McDonald, CEO of investment firm Hercules Investments on November 12. Powered and implemented by Interactive Data Managed Solutions. James McDonald, the founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index . 633 W 5th Street, Los Angeles, CA 90071 "If we can find a vaccine, that will be great," McDonald said. Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns. Join our linker program. Judgment; Signed and Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant). to understand what high net worth investors need during these volatile times," said James McDonald, CEO & CIO of Hercules . Logos were compiled by the amazing SportsLogos.net. And debt has spiraled over 50% higher to GDP than where we were last year this time. Very few recessions and market collapses have recovered in the time period that we saw in 2020. More needs to be done to help Black Americans achieve financial success, from increased financial literacy resources to realizing the unique power the next generation of Black Americans holds. November's blockbuster jobs report. There are hundreds of companies in the small cap space that dont have the cash to pay their debt. 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, authorities said. "My advice to the next generation of Black Americans is to not wait for this information, but be proactive in seeking it out.". Are you suggesting that widespread economic weakness will eventually bubble up to drag down these indexes? Also, the Cboe Volatility Index (VIX) was near historic lows, showing that investors expected the good times to persist. In order to close this gulf a number of steps must be taken including greater access to capital for Black-owned businesses, greater opportunities for employment and participation in the equity economy. In 2005 he purchased the Houston Wolverines (the Texas Wolverines today), a semi-pro football team, and played for 13 years. * Selected to Pro Bowl, + First-Team AP All-Pro, Bold indicates league leader. As a result, McDonald's options trades that bet on this price trajectory have paid off handsomely. James McDonald is 6-5 (196 cm) tall. We deliver these strategies through NFLHX. Hercules Investments Location 633 W 5th St Ste 6770, Los Angeles, California, 90071, United States Description Read More Industry Finance General Finance Prior to ISA he was Director of Strategic Initiatives for the $12 billion AUM Compass BBVA Wealth Management Group where he led the design and execution of brokerage, trust, and insurance strategies serving high net worth and ultra-high net worth clients. CNBC spoke with Black leaders about their advice for the next generation, as well as their defining career moments and lessons theyve learned. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. He said he hopes those who aspire to become successful adopt the mindset that they have limitless possibilities. You can help Wikipedia by expanding it. He said the gains of each trade average out to 60% to 90%. Hercules portfolios are designed to achieve aggressive gains whether markets are rising or falling. The underlying ETF's price went from about $11 as the S&P 500 peaked on Feb. 19 to above $126 on Wednesday - a gain of more than 1,050%. James McDonald has not been elected into the Hall of Fame. 2023 Fortune Media IP Limited. McDonald told Business Insider why he anticipated a spike in volatility, and broke down the strategies he is maintaining to profit all the way to the elections. Selling It. Greater Los Angeles Area Financial Services Companies. Paperback $35.00 1 New from $35.00 This is the story of the James McDonald and the rise and fall of Hercules Investments. And so the more fear exists in markets, the better the strategy performs. Yet its not his only passion he had a 12-year semi-pro football career and also won the 2018 Southern California Heavyweight Boxing Tournament. New RIA of the Year nominee Colton Etherton helps tattoo artists prepare for the future. Minute Order (Court Order RE: Default Judgment), Certificate of Mailing for (Court Order RE: Default Judgment) of 07/14/2022; Filed by: Clerk, Case Management Conference scheduled for 08/10/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 55 Not Held - Vacated by Court on 07/14/2022, On the Complaint filed by Loui Rudas, et al. "You can do it, too," he added. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . Yet it would take a couple of hours to earn enough to pay for lunch, so he decided to bring lunch from home. How does it factor into your life? Use without license or authorization is expressly prohibited. James McDonald was born in Long Beach, CA. Please see our Contributors and Sources page for data source details. 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