Ex-CEO of California investment companies charged with fraud

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James Arthur McDonald Jr., 50, was charged with a single fraud count and could face up to 20 years in prison if convicted

LOS ANGELES — A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said.McDonald,...

McDonald was CEO of Hercules Investments LLC of Los Angeles and Index Strategy Advisors Inc. of Redondo Beach, and frequently appeared as an analyst on the CNBC financial TV news network, authorities said.

 

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Should have run for President. Unlimited hall pass for fraud apparently. trump

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