2021 fugitive financial analyst James Arthur McDonald Jr., who appeared on CNBC, was arrested for allegedly defrauding investors and faces up to 20 years in prison for securities fraud and wire fraud.

Former financial analyst James Arthur McDonald Jr., a fugitive since 2021, has been arrested for allegedly defrauding investors. McDonald, who appeared on CNBC as an analyst, faces up to 20 years in prison if convicted of securities fraud and wire fraud, and 10 years on counts of unlawful monetary transactions. The indictment alleges McDonald lost tens of millions of Hercules client money after adopting a risky short position.

June 17, 2024
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