Overview

• 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.