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Fugitive ex-CEO of investment firm arrested on securities, wire fraud charges - TL;DR CNBC

Fugitive ex-CEO of investment firm arrested on securities, wire fraud charges

Publishing timestamp: 2024-06-18 19:21:30


Summary

Former investment company CEO, who appeared on CNBC, was arrested on fraud charges after being a fugitive for over two years. He is accused of misrepresenting to investors and hiding massive losses from them. The CEO faces multiple charges and could be sentenced to up to 20 years in prison if convicted.


Sentiment: NEGATIVE

Tickers: MCD

Keywords: collusionbreaking news: politicscorruptionsecurities fraudcrimewashingtonpoliticsunited statesbusiness newsbreaking news: marketsmcdonald's corpmarketslos angeleslawsbusiness

Source: https://www.cnbc.com/2024/06/18/fugitive-investment-ceo-arrested-securities-fraud.html


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