Overview
- McDonald allegedly misappropriated at least $675,000 from investors, including $175,000 spent at a Porsche dealership.
- He lost between $30 million and $40 million in risky investments following the 2020 presidential election.
- McDonald falsely claimed to have an economics degree from Harvard University, having only taken one economics class at the Harvard Extension School.
- He evaded authorities since November 2021 after failing to appear before the SEC to answer fraud allegations.
- McDonald was arrested in Port Orchard, Washington, and remains jailed pending transfer to Los Angeles.