CNBC Analyst Arrested on Federal Charges After Disappearing and Being Declared a Fugitive
After more than two and a half years on the run, federal authorities caught up with one-time fiscal guru James Arthur McDonald Jr. who was wanted on fraud charges.
Deadline described McDonald as a “perennial presence as an analyst on CNBC shows over the years.”
However, the high-profile commentator had been living under the radar since November 2021, when the initial fraud allegations against him were made, according to a U.S. Attorney’s Office, Central District of California news release.
The former Arcadia, California, resident was arrested Saturday at a residence in Port Orchard, Washington. He will eventually be returned to California to face the charges against him.
McDonald had been summoned by the Securities and Exchange Commission to address fraud allegations,
