Former CNBC analyst who betrayed investors sentenced in multimillion-dollar fraud scheme
Fox News
Former CNBC financial analyst James McDonald sentenced to five years in prison for securities fraud after defrauding investors of millions of dollars.
Louis Casiano is a reporter for Fox News Digital. Story tips can be sent to louis.casiano@fox.com.
"To his victims, [McDonald] seemed to embody the American Dream," prosecutors argued in a sentencing memorandum. "But looks can be deceiving, and as [McDonald’s] victims learned, their trust had been betrayed."
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