Former Arcadia man accused of lying, losing millions of dollars of investors’ money ...Middle East

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Former Arcadia man accused of lying, losing millions of dollars of investors’ money
McDonald, 50, is alleged of losing clients of his of Los Angeles-based firm Hercules tens of millions of dollars in late 2020 after adopting a risky short position that effectively bet against the health of the United States economy in the aftermath of the COVID-19 pandemic and the election, projecting that they would result in major selloffs that would cause the stock market to drop.

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