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, 12 December 2012

DAVID BONE JR—DEBTS AND ASSETS. OFFICIAL!

Herewith, an extract from the Official Receiver's statement to creditors regarding David Bone Jr's assets and liabilities. Although the statement is dated 10th October 2012, we had not seen it until now and we think other creditors will find the figures of interest.

Readers will not fail to notice the huge discrepancy between David Bone Jr's declared assets and his debts. It is chilling to consider that without the work of this Blog, CoBo would in all likelihood have continued to take money from bona fide investors indefinitely, on the understanding that they were running a successful company on a completely legitimate basis. That had been their formula for several years and it was working until we started our investigation. We desire no credit for this; we simply point out how a patently crooked formula for moneymaking can continue if the perpetrators are clever and if the victims have no effective recourse.

Any creditor who has not received a copy of the OR's statement of 10th October regarding David Bone Jr's assets and liabilities may apply for one from the OR at the following email address:-

PIU.North@insolvency.gsi.gov.uk

Any questions about CoBo's assets should be directed to the Public Trustee at:-




Posted by IFS at 11:36

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)