Kebbel Investment Bank is a warning beacon to investors of how seriously ASIC took its duty of financial consumer protection in the past. While some say Kebbel Investment Bank had a life of five years, I only have direct proof it existed for three years, and anecdotal evidence of a further twelve months. Any amount of Internet references mentioned it, and Kebbel Investment Bank operated openly with flyers, brochures, and stationery. Some of the material was even in Chinese!

According to Jeffrey Lucy, the then ASIC Chairman, ASIC first became aware of Kebbel Investment Bank in April of 2005, when ASIC received a formal complaint. ASIC passed the matter on to APRA, which went to Kebbel NSW Offices in July of that year. On not sighting any visible signage, ASIC decided the matter was trivial and told Kebbel not to do it again.

Although the only reason a business entity would call itself a bank without the necessary licences is to gain advantage by deception, neither regulator took punitive action against the perpetrators pf the scam. This sorry episode is a stark reminder of the failure of the regulators to monitor the marketplace in real time, and initiate action when required.

The above inaction of ASIC and APRA is even more amazing when it is known Kebbel Investment Bank was not even a registered business name!

Neal Burnard stood trial over the matter. He was found guity on all eight charges,and received a fine of $50,000 and a twelve month suspended sentence. Every witness from Kebbel stated Richard Beck was the architect of the scheme. In addition, there was substantial evidence Beck had over-ridden the advice of people at Kebbel, including the compliance office, that it wasillegal to use the word "bank" withhout the necessary licences. However, no charges have been brought against Richard Beck on this matter, despite often presenting himself as a Director of Kebbel Investment Bank (see Mumbai A.I.O.F.P Agenda).

The credibility gained by the ruse of the wording "Kebbel Investment Bank cannot be overestimated". It was a major factor in inducing investors to part with their money.

Documentary evidence of the use of the illegal words Kebbel Investment Bank.

Terry Stone business card	Examples of the business cards used by Kebbel Investment Bank details. Note Burnard's name on it
Burnard & Robbins business card	One of the very many public documents.
Kebbel Bank brochure
York _Street_ sale_confirmation	Even the stationery had Kebbel Bank headers
Kebbel Power Point Presentation	You will need to have Power Point installed to view this.
Neil Burnard Trial Summary	Burnard was found guilty on all eight counts.
Neil Burnard Trial Notes.	The basis of these notes were from the handwritten notes I scribbled at the trial.