The New York Times wrote about Spangler — and visited the neighborhood — in 2011. (Image: King County Records)

The FBI announced the conviction of a former Capitol Hill-based money manager on 32 criminal counts including wire fraud, money laundering, and investment adviser fraud.

Mark Spangler ran The Spangler Group out of his 10th Ave E home in the Roanoke Park area from 1995 until 2012 when he sold the home:

At trial, prosecutors presented evidence that federal law enforcement officials executed a search warrant at SPANGLER’s residence on September 23, 2011, disrupting SPANGLER’s plans to flee the jurisdiction. SPANGLER had purchased airline tickets for Ecuador with his wife, Luanne Renfrow, and they were planning to leave on September 25, 2011. The couple had also placed their million-dollar Capitol Hill home and his $890,000 yacht up for sale when the search warrant was executed.

The Seattle Times reports Spangler raised more than $56 million from his clients beginning in 1998 but rather than invest the funds in publicly traded securities, he diverted more than $46 million into two risky startups, TeraHop and Tamarac. The Times also reports that a civil case against Spangler was on hold to allow the criminal proceedings to play out.

Spangler, who now lives in Oregon, is slated to be sentenced in February 2014.