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30 Jun 2025 18:59
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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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     30 Jun: A 17-year-old missing for almost a week in Auckland - after moving from Waikato, has been found safe and well
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     30 Jun: The Police watchdog's reopened a complaint into a Christchurch detective's alleged intimate relationship, with a rape complainant
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     Today's News

    		 Business:
    The Finance Minister says changes to the FamilyBoost scheme are on their way - after Cabinet made decisions today 18:37

     Netball:
    The Stars aren't over-thinking what the Mystics will serve up in netball's ANZ Premiership derby in Auckland tonight 18:27

     Law and Order:
    A 31-year-old man's in custody - in connection to a homicide investigation into a man's death, after being found critically injured in Auckland's Otahuhu 18:07

     Business:
    Transpower's dispelling worries Kiwis might not have enough power next winter 18:07

     Rugby:
    Tamaiti Williams has become the latest All Black to play through the pain in a Super Rugby final - then pay for it later 17:27

     Education:
    I went back to teaching after working for myself 17:07

     Tennis:
    Tennis world number two Carlos Alcaraz is determined to hit the ground running as his quest for a third straight Wimbledon crown gets underway overnight 16:57

     Business:
    China's EV newcomer Xiaomi sells nearly 300,000 SUVs in an hour 16:57

     International:
    China forces young Tibetan children to indoctrination boarding schools to push state propaganda, report finds 16:47

     National:
    Unsafe and unethical: bed shortages mean dementia patients with psychiatric symptoms are admitted to medical wards 16:17

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