Former CNBC Analyst to Admit Conning Investors Out of Nearly $3 Million

Former CNBC Analyst to Admit Conning Investors Out of Nearly $3 Million EXCERPT In late 2020, federal prosecutors say McDonald lost tens of millions of dollars of Hercules client money after adopting a risky short position that effectively bet against the health of the U.S. economy in the aftermath of the U.S. presidential election. McDonald projected that the COVID-19 pandemic and the election would result in major sell-offs that would cause the stock market to drop, federal prosecutors asserted. https://link.theepochtimes.com/mkt_app/us/former-cnbc-analyst-to-admit-conning-investors-out-of-nearly-3-million-5813561?utm_source=andshare