NZ Financial Adviser Pleads Guilty to $1.7m Theft From Elderly Clients

Former financial advisor admits theft charges for stealing money from clients

Murray McClune admitted the charges following an investigation by the Financial Markets Authority.

NZ financial adviser pleads guilty to $1.7m theft from elderly clients

A former financial adviser who stole about $1.7 million from elderly clients for his personal use faces up to seven years in prison after pleading guilty....

Former Financial Adviser Pleads Guilty to Theft Charges

Former financial adviser, Murray McClune, has pleaded guilty to two charges of theft by a person in a special relationship, following an investigation by the FMA. The regulator says in a statement that McClune had worked in the insurance industry since the late 1960s. “He had an established book of clients, including some who had used his services for decades and considered him a friend. In addition to providing advice on insurance, McClune also…