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INTRODUCTION
This Blog is dedicated to making public some of the business activities and methods of Liam Collins, David Bone Jr and their associates. In the spring of 2010, the present authors invested in Collins & Bone (C&B), who were offering an enticing 8-10% interest on the basis of buying houses for cash, renovating them and letting them out to students. We were assured that our money was secured against houses that they owned, including their own homes and the properties held by their associated company, Castle & Gatehouse (C&G). We have emails and brochures that confirm these details, as do others who invested on this same basis at around the same time. The idea worked for us for over a year, then in November 2011 they told us they were insolvent. They refused our every request for clear accounts, which led us to suspect wrongdoing. We began an investigation and then started this Blog. We found our suspicions confirmed: other investors had lost sometimes quite large amounts to C&B and its predecessor CBS, and all requests for repayment were adamantly refused. These people use and have used so many names that we found it necessary to compress them into CoBo (for Collins & Bone) and Coboco (for the whole bunch of them – there are quite a few!) Note that there is an index in the margin at the right hand side.

Monday 23 January 2012

WHAT THIS BLOG IS ACHIEVING

Some people have wondered just what this Blog can achieve. Well, it has enabled formerly isolated investors (including ourselves) some of whom have paid across serious amounts of money, to relate their experiences and to try to make sense of the situation independently of the stories that Liam Collins and David Bone want everyone to believe. Without this Blog many of the investors would probably still be feeling stunned, depressed, helpless and furious about the whole fiasco. With this Blog, we have opened the matter up to public examination and paved the way for forensic accountancy.

We can only be astonished at the extent of the CBS/C&B/C&G muddle and of course at the reports of bad behaviour that we have received. 

Our object has always been to get the facts clear. C&B's tactic has been to keep everyone separate and in the dark about what happened to their loans, and then tackle recalcitrant investors one at a time. They were counting on the likelihood that none of the investors would want (or even be able to afford) the expense of hiring a lawyer and thereby throwing good money after bad. On top of that, there would be the time and trouble of going through a legal process, the results of which would always be doubtful. There are an unknown number of investors who still apparently hope that keeping quiet about their worries will give the best chance of being eventually recompensed. Liam Collins has said that only those who have stood by him will be rewarded by having at least some of their money repaid to them (thanks very much!) and that those who cause trouble, that is, question or deplore his business practices, won't get a penny back.

The Knockout Fact of the Week in this case: according to unnamed sources, Liam Collins still claims that he has done nothing wrong! 

If you like this Blog, why not say so? The IFS team never rejects appreciation of its work and no appreciative comment will be construed as flattery. If anyone still feels that security is an issue, comments can be left anonymously.

Posted by IFS at 12:59

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