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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.

Thursday 15 March 2012

COLLINS HEARING POSTPONED

STOP PRESS: We have heard that Collins's bankruptcy hearing has been postponed for one week, because he told the judge that he was "negotiating with Mortgage Express." The judge was impatient to get on with the process, but agreed to a week's delay on that basis. Collins will be using that period to see how he can wriggle out of responsibility; to date, he seems to think that an Individual Voluntary Agreement (IVA) would do the trick. All concerned readers of this Blog will naturally want to block that route.
Posted by IFS at 13:01

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