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Ex-CNBC Pundit Caught By FBI After Nearly Three Years On The Run; James Arthur McDonald Jr. Faces Decades Behind Bars For Fraud If Found Guilty
After almost three years avoiding the authorities, the one-time cable financial analyst was snagged in the Pacific Northwest this past weeked
Nearly three years since James Arthur McDonald Jr. bailed on a meeting with SEC over allegations of defrauding investors for millions, the FBI picked up the former CNBC pundit in Washington state this weekend. Subpoenaed by the SEC three years ago, the Southern California-based Hercules Investments and Index Strategy Advisors boss was scheduled to appear before the Commission in early November 2021, but instead took a runner. Earlier this year, U.S. District Judge Percy Anderson ruled McDonald was liable for $3,810, 346, That’s the figure the government estimate is his “net profit” from the alleged fraud activity.
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