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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

WHO PAID FOR THE BIG IDEAS OF THE GANG OF FOUR?


We received this letter today from an investor. 

"Thanks, Sally and Jasmine, for creating this blog which is attempting to cut through the quagmire that has been created by all the dealings of CBS Ltd and Collins & Bone, etc.

Face it, Liam and Davey, when it comes to organising or running a business, you guys are just one big car crash after another.

No doubt you, and all your relations who work for you, have maintained your lifestyles/standard of living through all this affair, whilst those who were sadly convinced by your flawed business models, have had to carry the loss all these years.

I commend Sally and Jasmine for trying to save anyone else from losing vast sums of their hard earned cash, by what can be likened to taking the car keys away from two individuals who are a danger to everyone else on the road."

____________________________________

We heard that this disastrous business empire was at one time employing some forty people. Many of these were family and friends, and it's not hard to imagine the cost of that. No wonder very few houses were actually bought and that very little effective and productive business was done. It seems that big dreams of sudden wealth were being enjoyed, the flow of cash to fuel these being at the expense of investors. Those investors did not know and could not know the extent of the deception. It is not beyond the bounds of possibility that the empire itself did not fully comprehend the depth of its deception. It seems to have been led astray by its own financial oratory and as a result has committed very serious errors.
Posted by IFS at 17:14

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