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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.

Wednesday, 26 September 2012

WHAT'S HAPPENING ABOUT COBOCO?

We assure readers that investigations into the business dealings of Collins & Bone, their associates and companies active and defunct are under way, but we are unable to post regular reports as any small news of progress is given to us on condition of confidentiality. 

 There are of course blockages in the administrative and legal system due to work overload and problems concerning financing and personnel, so the present investigation is likely to be long drawn out. We are keen to try to ensure that a particular loophole in the law which apparently allows fraudsters to operate with impunity is discovered by the relevant authorities and closed. We are also keen to find out the extent of any assets that Coboco may have acquired with their investors' money.
Posted by IFS at 16:43

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