Ex-Investment CEO Arrested After Years on the Run for Massive Fraud

James McDonald, former CNBC analyst, faces multiple charges including securities and wire fraud after defrauding investors of millions.

McDonald was apprehended in Washington state and will be transferred to California for trial.
He allegedly misrepresented investment plans and concealed significant losses from clients.
McDonald is accused of spending investor funds on personal luxuries, including cars and designer clothing.
The former CEO fled in 2021, leading to a federal manhunt and inclusion on the FBI's Most Wanted list.
If convicted, McDonald faces up to 20 years in prison for the most serious charges.