Former CNBC pundit and fugitive sentenced to prison for bilking investors out of millions

Former CNBC pundit and fugitive sentenced to prison for bilking investors out of millions

James Arthur McDonald Jr., an investor and financial analyst who frequently appeared on CNBC, was sentenced to five years in prison for defrauding investors in a multimillion-dollar scheme, the United States Attorney’s Office said on Monday. McDonald, 53, a former San Gabriel Valley resident, was the CEO and chief investment officer of two Los Angeles-based…

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