Auckland financial adviser faces charges for alleged 'tombstoning' scheme

(Image: Depositphotos)

Wed, 27 Aug 2025

An Auckland financial adviser who allegedly received $260,937 in commission from applying for health and life insurance for non-existent people has been charged with forgery and had his licence cancelled.Le Zhou, also known as Eric, was arrested in July and is facing three representative charges of forgery.Zhou is the sole director and shareholder of Les Vela Ltd (trading as Wise Insurance).The Financial Market Authority (FMA) said it was satisfied that Les Vela no longer met key requirements for a market services licence under the Financial Ma...

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