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Former Arcadia man accused of lying, losing millions of investors' money. James Arthur McDonald, Jr. former CEO and Chief Investment Officer of Hercules Investments LLC and Index Strategy Advisors Inc. was charged with one count of securities fraud. Prosecutors claim McDonald lost clients of his Los Angeles-based firm Hercules millions of dollars in late 2020. He had been renting a home in Arcadia.

https://arcadiahistory.andornot.com/en/permalink/newspaper36351
Newspaper
Pasadena Star News
Date
September 22, 2022
Pages
p. A8
More detail
Newspaper
Pasadena Star News
Date
September 22, 2022
Pages
p. A8
Subjects
Crime and Criminals
Fraud
McDonald, James Arthur
Collection
Newspaper Index
Less detail

Former TV finance analyst from Arcadia James Arthur McDonalds, Jr. charged with lying to investors about the health of his finance firm and failing to disclose massive losses incurred through risky investments following the onset of the COVID-19 pandemic. McDonald was CEO of Los Angeles-based Hercules Investments and Redondo Beach-based Index Strategy Advisors Inc. He is believed to be in hiding.

https://arcadiahistory.andornot.com/en/permalink/newspaper36342
Newspaper
Arcadia Weekly
Date
September 29, 2022
Pages
p. 15
More detail
Newspaper
Arcadia Weekly
Date
September 29, 2022
Pages
p. 15
Subjects
Crimes and criminals
Fraud
Hercules Investments
McDonald, James Arthur, Jr.
Collection
Newspaper Index
Less detail