The SEC filed civil charges against McDonald and Hercules in September 2022. On April 21, U.S. District Judge Percy Anderson found McDonald liable for approximately $3,810,346 in illicit profits.

James Arthur McDonald Jr., 52, was tracked down over the weekend to a residence in Port Orchard and will now be sent back to California to face federal charges, including counts of securities ...

James Arthur McDonald Jr. faces charges including securities fraud, wire fraud and investment adviser fraud Kimberlee Speakman is a digital writer at PEOPLE. She has been working at PEOPLE since ...

James Arthur McDonald Jr., is accused of misrepresenting to investors how he would use millions of dollars raised from them in early 2021, and also failed to disclose to those investors "the ...

James Arthur McDonald Jr. allegedly lost up to $40 million in client money on a risky short-selling strategy and fraudulently raised millions of dollars that he used for personal expenses and ...

James Arthur McDonald Jr., 52, was arrested Saturday at a residence in Port Orchard, Washington, and will eventually be extradited to Los Angeles in the coming weeks to face federal charges in ...

According to the U.S. Attorney's office in California's Central District, James Arthur McDonald, Jr., 52, had been considered a fugitive since November 2021, after failing to testify before the ...

James Arthur McDonald Jr., 52, was arrested over the weekend in Port Orchard, Washington, according the United States Department of Justice.

James Arthur McDonald Jr., 52, was arrested over the weekend in Port Orchard, Washington, according the United States Department of Justice.

James Arthur McDonald Jr., a 52-year-old former resident of Arcadia, California was arrested on Saturday at a residence in Port Orchard. He is expected to appear in the U.S. District Court in Tacoma.

James Arthur McDonald Jr., 52, was arrested over the weekend in Port Orchard, Washington, according the United States Department of Justice. James Arthur McDonald Jr., 52. is shown in this undated ...