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30 Jun 2025 17:55
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      Home > News > Law and Order

    A former financial advisor's pleaded guilty to stealing from elderly clients - after a Financial Markets Authority investigation

    A former financial advisor's pleaded guilty to stealing from elderly clients - after a Financial Markets Authority investigation


    Murray McClune faced two charges of theft by a person in a special relationship.

    Two sets of elderly clients had given him 1.7 million dollars to invest on their behalf.

    He instead used some of it for personal purposes, and issued false statements.

    FMA Enforcement Head, Margot Gatland, says not only was this devastating to his vulnerable victims, but it also undermines public confidence in registered advisers.

    © 2025 Newstalk ZB, NZCity

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