Former financial adviser Murray McClune sentenced for stealing from elderly clients

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Mon, 06 Oct 2025

Former financial adviser Murray McClune has been sentenced to three years and seven months in prison for theft from elderly clients.The charges, which were the result of an investigation by the Financial Markets Authority (FMA), involved the theft of about $1.7 million over a two-year period starting in 2016.McClune, who is now permanently banned from holding directorships, management positions, and providing financial advice, had offered investment opportunities to two couples who had known him for more than 40 years.Rather than invest the fun...

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