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CNBC financial analyst-turned-fugitive
arrested by FBI after 3 years on the run

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Posted By: FlyRight, 6/18/2024 9:10:15 AM

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.

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Reply 1 - Posted by: Venturer 6/18/2024 10:29:16 AM (No. 1739342)
Sounds like a waste of time to me. California will find him not guilty.
3 people like this.

Reply 2 - Posted by: padiva 6/18/2024 11:19:06 AM (No. 1739386)
Hey Fani, have we got the guy for you. /s
3 people like this.

Reply 3 - Posted by: JimBob 6/18/2024 3:50:52 PM (No. 1739560)
The guy messed up. If he had put a 'BIDEN' sign in his front yard and a sticker on his car, they would never have touched him.
0 people like this.

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Posted by FlyRight 6/18/2024 9:10:15 AM Post Reply
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.
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