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Ex-California investment company head charged with fraud

Por: ABC News Entertainment September 22, 2022

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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.James Arthur McDonald Jr., 50, was charged with a single fraud count and could face up to 20 years in prison if convicted, the U.S. attorney's office said in a statement. McDonald, who lived... + full article



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