McDonald is being held in state custody, prosecutors said. According to his LinkedIn page and information collected by the FBI, McDonald is also the founder of a computer programming services company called Oshen.
In an affidavit, federal investigators wrote that McDonald’s alleged harassment campaign began after a business relationship with one of his investors, a partner at a prominent Boston venture capital firm, soured in 2024.
Having invested more than $250,000 in Waev in 2022, the partner told investigators that by March 2024 he had become increasingly concerned that the startup was a scam due to McDonald’s refusal to provide status updates on company financials.
He told authorities that he came to believe that McDonald was running a “crypto currency scheme,” by taking investor money and using it in side deals, according to a police report. He told one potential backer not to invest, which angered McDonald, the report said.
The partner also informed other investors of his concerns and advised them to cut ties, which they did, the report said.
McDonald also allegedly harassed two other investors who had previously bought a house in Winchester for him to use as a venture studio, prosecutors said. McDonald was evicted from the property around March 2024 as investors pulled their funding, according to the FBI.
According to startup funding tracker VCbacked, another major investor in Waev was FTX Ventures, an investment arm of Sam Bankman-Fried’s crypto giant FTX, which was later exposed for its own misuse of investor and customer funding.
McDonald’s venture studio space was a multi-story home with a private pool valued at almost $2.5 million, according to a real estate listing.
After McDonald was evicted, the owner of the house found that he had caused about $1.3 million worth of damage to the property, including smashing the oven and sliding glass doors and breaking three toilets, according to the FBI.






