Former Seattle financial advisor sentenced for stealing $531K from client in wire fraud scheme

This story was originally published on MyNorthwest.com

A former financial advisor in the Seattle area was sentenced to 32 months in prison Friday for a wire fraud scheme that stole $531,411 from a client’s trust account over roughly six years.

Michael P. Raineri, 63, was indicted in November 2024 and pleaded guilty to wire fraud in June 2025, the Department of Justice (DOJ) announced…

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