Former TV financial analyst arrested for fraud after years in hiding
==========
James Arthur McDonald Jr., a former investment company CEO and TV financial analyst, was arrested in Washington state after more than two years on the run. McDonald faces federal fraud charges in Los Angeles for lying about his Harvard education and misappropriating at least $675,000 from investors. He lost between $30 million and $40 million after taking a risky short position against the U.S. economy. McDonald raised more money by selling equity in his company and disguising how the proceeds would be used. He has been considered a fugitive since November 2021 and was arrested at a residence in Port Orchard, Wash. McDonald appeared in court and remains jailed pending his transfer to Los Angeles.
#FinancialAnalyst #Fraud #Arrest #InvestmentCompany #HarvardEducation #Misappropriation #Fugitive
https://www.latimes.com/california/story/2024-06-21/former-ceo-and-t-v-financial-analyst-arrested-for-fraud-after-years-in-hiding
Los Angeles Times /
npub1ka…ct50x
2024-06-21 11:00:49
Author Public Key
npub1kat3x50s05kl9v0lqxq5qsl0znf0eu2rwyeq4xyplj80ga740k9q9ct50xPublished at
2024-06-21 11:00:49Event JSON
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"content": "Former TV financial analyst arrested for fraud after years in hiding\n==========\n\nJames Arthur McDonald Jr., a former investment company CEO and TV financial analyst, was arrested in Washington state after more than two years on the run. McDonald faces federal fraud charges in Los Angeles for lying about his Harvard education and misappropriating at least $675,000 from investors. He lost between $30 million and $40 million after taking a risky short position against the U.S. economy. McDonald raised more money by selling equity in his company and disguising how the proceeds would be used. He has been considered a fugitive since November 2021 and was arrested at a residence in Port Orchard, Wash. McDonald appeared in court and remains jailed pending his transfer to Los Angeles.\n\n#FinancialAnalyst #Fraud #Arrest #InvestmentCompany #HarvardEducation #Misappropriation #Fugitive\n\nhttps://www.latimes.com/california/story/2024-06-21/former-ceo-and-t-v-financial-analyst-arrested-for-fraud-after-years-in-hiding",
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