Comments can be sent to us at irnist23@gmail.com

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.

Wednesday, 21 March 2012

A MESSAGE FROM THE DOUBTBUSTERS!

Today, Liam Collins and David Bone Jr (Coboco) have been forwarding emails to us from investors who support the idea of an IVA and who think the authors of this Blog are vengeful and bitter. Any intelligent reading of our Blog will dispel those ridiculous allegations very quickly. Here is our brief reply to each of Coboco's unwitting supporters:-

Greetings to A Fellow Investor!

We have seen your letter to Liam Collins. Regarding the matter of an IVA versus bankruptcy, please read the posts that follow on this Blog.
 
We'd like to clarify a few additional points ...

[1] We have never contacted tenants to dissuade them from paying rent. We don't even know any of C&B's current tenants. We have been contacted by some past tenants of theirs who have had their deposits withheld illegally by CoBo.

[2] We most certainly are interested in getting our money back! The sums involved are all necessarily relative and our investment means a lot to us financially.

[3] We are not interested in revenge. We think it's very likely that investors will actually get a better deal from bankruptcy than from an IVA. This is explained below.

[4] Liam Collins and David Bone Jr obtained money under false pretences and misspent investors' money. They must be made accountable for this. Bankruptcy is the way.

[5] If you need any further clarification, please contact us directly.

JASMINE and SALLY GEORGE


NB  For those unfamiliar with the terms CoBo and Coboco, we use these to stand for Collins & Bone and for Collins, Bone & Associates. There is quite a list of failed companies in their names and a much longer list of investors who have seen their money misspent.






Posted by IFS at 10:24

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