Former CNBC Analyst Arrested After Two Years on the Run

James Arthur McDonald Jr. faces federal fraud charges for misappropriating investor funds and falsifying credentials.

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.