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in Politics

Fugitive ex-CEO of investment firm arrested on securities, wire fraud charges

by Editor June 19, 2024, 6:45 am 1.7k Views

Hercules Investments CEO and CIO James McDonald.

CNBC

A former investment company CEO who previously appeared as a paid contributor to CNBC was arrested on fraud charges after more than two years as a fugitive from a

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investigation, federal prosecutors said.

The defendant, James Arthur McDonald Jr., is accused of misrepresenting to investors how he would use millions of dollars he raised from them between 2019…

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