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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, 19 January 2012

AN INVITATION FROM LIAM COLLINS TO MEET IN LONDON

Investors in C&B may have noticed that on the CoBo blog, Liam Collins invites them to a meeting in London, at which he will address any 'relevant' questions. He continues, referring now to this Blog, 

"If the aim of the blog is to protect others from investing then there is no need. We have not and will not seek further investment. Most people appreciate that this was a property business which has failed in the worst recession in a generation. Some 120 businesses each day are forced down the same route. We wholeheartedly agree that questions must be answered, because money was invested in good faith. It must also be remembered that by far the biggest losers in this business are Liam Collins and David Bone."

We reproduce that last sentence here, so that its full significance will not be lost on people who have seen their investments disappear without trace into the seemingly inscrutable business affairs of Collins & Bone:

"It must also be remembered that by far the biggest losers in this business are Liam Collins and David Bone."  

We ask readers to allow that sentence to sink in. Considering all the investors who have lost out, including those who put retirement money into C&B, this is an outrageous statement, which reveals that in all this affair, their concern is entirely with themselves. So puffed up with self-importance are these two that they seem confident that they can convince anyone of anything.
Posted by IFS at 16:04

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