A former Seattle financial advisor receives 32 months for stealing $531,411 from a client's trust in a wire fraud scheme.

Coming only days after announcing that it had picked up the King Financial Network (KFN) from Commonwealth Financial Network, Cetera has snagged another advisory firm.

Michael Raineri developed a “dysfunctional relationship” with the client. A federal judge has sentenced him to 32 months in prison.

A former Seattle-area Cetera financial advisor was sentenced Friday to 32 months in prison for stealing more than $500,000 from a client’s trust account in a fraud that stretched over six years.

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