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CNBC financial analyst-turned-fugitive arrested by FBI after 3 years on the run
https://nypost.com/2024/06/18/us-news/cnbc-financial-analyst-turned-fugitive-james-arthur-mcdonald-jr-arrested-by-fbi-after-3-years-on-the-run/A former CNBC financial pundit and CEO-turned-fugitive accused of defrauding millions from his investors following a failed “bet against” the US economy in 2020 has been nabbed after being on the run for nearly three years.
James Arthur McDonald Jr., 52, was arrested by the FBI in Port Orchard, Wash., on Saturday and will be extradited back to California to stand trial “in the coming weeks” for his alleged crimes, according to the United States Department of Justice.
McDonald had been a fugitive since November 2021 after he failed to appear before the United States Securities and Exchange Commission to testify regarding accusations of defrauding investors.
He was the former CEO and chief investment officer for two Los Angeles financial companies: Hercules Investments LLC and Index Strategy Advisors Inc.