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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, 12 January 2012

COLLINS & BONE: WHAT HOPE FOR YOUR LOAN?

Here is one investor's report:-

"Hello! I have read your blog and totally agree with you. I have filed with a debt agency for the recovery of my £4,018. I loaned them £10,000 and they paid me some back after my P.N. note was due. They only did this because I was adamant I was going to enforce the P.N. note. Liam begged me not to do this and said he would pay me some back weekly. He paid me some back then it all dried up again.


"Two months ago when I pressured them to pay me this back, Liam signed a contract to pay me back £150 per month. Nothing was paid and this was the last straw so I forwarded the new contract that had been broken to a debt collection agency. I have not bankrupted them. All I am doing is chasing the £4,018 which they owe me. £4,376 after charges.

"When I contacted Liam Collins and David Bone asking what had happened to the £150 per month,  they said "Go and bankrupt us so as to take all this nightmare away." I have saved the texts and e-mails in case the debt firm wants them."

Posted by IFS at 20:45

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