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: collusion, breaking news: politics, corruption, securities fraud, crime, washington, politics, united states, business news, breaking news: markets, mcdonald's corp, markets, los angeles, laws, business,
Source: https://www.cnbc.com/2024/06/18/fugitive-investment-ceo-arrested-securities-fraud.html