Former CNBC analyst arrested after years on the run for defrauding investors

James Arthur McDonald Jr., a former television financial analyst, has been apprehended in Washington state after being on the run for years. He faces federal charges, including securities fraud and investment adviser fraud, for allegedly defrauding investors. McDonald, the CEO of Hercules Investments LLC and Index Strategy Advisors Inc., reportedly lost millions of dollars of client money and solicited funds under false pretenses. He misappropriated funds for personal expenses, including luxury items like a Porsche and designer clothing. The Securities and Exchange Commission claims he raised over $5.1 million from investors and misused more than $2.9 million. McDonald could face up to 20 years in prison if convicted. In a separate incident, Harshkumar H. Patel has been charged with attempted murder for stabbing a woman outside CNBC's headquarters in New Jersey. The attack was unprovoked, and the victim was treated for multiple stab wounds. Patel is in custody and faces several charges. Another financial analyst, James McDonald, was arrested in Washington state after three years as a fugitive. He is accused of defrauding investors and faces multiple charges, including securities fraud and wire fraud. If convicted, he could face up to 75 years in prison.