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Fugitive Ex-Advisor Who Appeared on CNBC Arrested on Fraud Charges
News June 20, 2024 at 02:24 PM
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What You Need To Know
- James A. McDonald Jr., arrested over the weekend, was a fugitive at least since Nov. 2021.
- He used client and investor funds for personal expenses and Ponzi-like payments, authorities allege.
- He allegedly lost client assets by taking a risky short position, prosecutors say.
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