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CNBC financial pundit who became fugitive arrested by FBI

  • James Arthur McDonald Jr., accused of defrauding investors for millions, was arrested by the FBI in Washington after fleeing a meeting with the SEC almost three years ago.
  • McDonald faces a potential 20-year prison sentence for securities fraud and wire fraud, along with additional charges, according to the Department of Justice.
  • McDonald, a fugitive since 2021, deleted all his communications before fleeing and faces various charges, including fraud.
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KTLA 5 broke the news in Los Angeles, United States on Monday, June 17, 2024.
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