Trading house boss still working in the industry despite guilty plea to criminal charges

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Daniel Kirby admitted to offences relating to the collapse of a notorious trading house, but is legally allowed to keep working after the corporate watchdog decided not to ban him.

The corporate watchdog allowed a trading house boss charged with criminal offences to continue working in the industry after deciding to only ban the man’s business partner before launching its criminal case.to alleged dishonesty in the financial services industry, and has been committed to stand trial. In 2018, D’Amore was

The business collapsed in 2019 owing its customers $5 million amid a wave of complaints including serious allegations of misconduct by Kirby and D’Amore, first revealed by this masthead. Both cars were repossessed by creditors to the business.This masthead can now reveal that Kirby – who was charged with the criminal offences in June 2023 – has since 2022 been working with Summit Auto Trading in a “software support” role.

The prior shareholder is a woman who operates an animal rescue in a suburb in Melbourne’s north-east.She did not respond to inquiries this week. “Summit Auto Trading are the leaders in automatic trading systems that maximise your return while minimising risk,” says a promotional presentation for the group, obtained by this masthead.

Summit Auto Trading, also known as Summit Autotrading, claimed in earlier versions of its website – visible via an archive search – that it has serviced more than 1000 clients from 22 countries and that it had “100 per cent satisfied customers”.Foreign currency – or forex – trading houses are generally registered under an Australian financial services licence to ensure they are operating in line with the laws and regulations covering such businesses.

D’Amore was banned for six years in 2018 over the demise of Berndale, despite not having been convicted of any criminal offences. His ban will end this month.Daniel Kirby’s lawyer did not respond to inquiries. A spokesperson for ASIC declined to comment as the matter was before the court.

 

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