As part of the settlement agreed with liquidator Myles Kirby, Mr Conlon accepts he is responsible for Pembroke Dynamic’s debts of up to €2 million. While Mr Kirby accepts Mr Conlon did not personally benefit from the misappropriated monies, Mr Conlon, under the settlement agreement, has consented to a judgment of €2 million being made against him in favour of the liquidator. While the settlement included a €2 million judgment against Mr Conlon, the liquidator did not realistically expect to recover the full sum, he said. It would have been a more serious matter if Mr Conlon had personally benefited from the monies, Mr Dore said. The platform was successful for some time before it started to experience difficulties, Mr Dore said.

Source: The Irish Times June 10, 2021 16:26 UTC