This blog was established to help get to the bottom of how the Collins & Bone Partnership reached the very sad situation it is now in, with its partner Liam James Collins having a bankruptcy hearing on 25th January (postponed)15th March 2012 (ditto), and finally bankrupted on 9th May 2012 (case # NEWC 1517 of 2011 BKT 3472187, Newcastle County Court, The Law Courts, The Quayside, Newcastle-upon-Tyne, NE1 3LA), and David Bone Jnr declared bankrupt on 31st May (case no 100 of 2012 Wigan County Court). The partnership used the following addresses:

25 Shelton Street, Covent Garden, London, WC2 H9HW, UK

Eastern Villa, Station Rd. North, Forest Hall, Newcastle Upon Tyne, NE12 9AE (owned by Liam Collin's parents, and now up for sale)

There are 3 specific goals of this blog:

• To find out what happened to the 1m+ GBP monies that C&B raised via PNs in late 2009, 2010 & 2011. I am excluding PNs issued to ex-CBS investors, but that said, this blog will be of interest to ex-CBS investors, and there is information that needs to be obtained from this set of investors wrt when PNs were issued to them, and their duration.

• To determine what, if any, criminal charges should be brought against the partners.

• To warn other investors off doing any business with the partners, their equally inept/unscrupulous extended family members, and supportive cohorts.

When you look at the PNs, there are no specific statements on the documents that specify how the monies were to be used - how you believed they were to be used is based on whatever e-mail/phone call foreplay you had beforehand with Liam Collins. That is why it is so important that the following information is collated for this category of C&B investors on an individual basis:

1) What did you believe you were investing in, and what was your basis for believing this?
2) What investment risks were you informed of?
3) What was your understanding of the purpose to which PN monies could be put?
4) What brochures and documents were you furnished with as prt of your due diligence?
5) What due diligence did you do?
This blog is being operated completely separate to Sally & Jasmine's blog (, although we share the common goal of getting to the bottom of this mess in a professional manner. If you don't want to post anything on the blog in person, you can send an e-mail to me at - information conveyed in any such e-mails will only be posted on the blog on your behalf after any editting/your specific consent.

Ewart (The Editor)

Sunday, 1 April 2012

Hopeless ... opeless ... Operus

"The board" that was formed in March 2011 was intended to have 4 members - only 3 ever joined. John Chart only attended the first meeting of "the board", and thereafter had nothing further to do with it. A fourth person was approached, but declined to join. So "the board" only ever really comprised of two people, Joe Sinagoga & Robert Wakefield, with the latter very much the front man. In "the board"'s initial March 2011 newsletter, they introduced their raison d'etre as being:
"To 'manage' creditors so that everyone gets repaid. The board members will ensure fair play and reliable repayments to all investors."
For starters, "all investors" meant ex-CBS investors, so they were most certainly NOT representing all investors. And what was meant by "manage"? The real purpose of "the board" was to keep disgruntled C&B disinvestors in-line and to prevent them from taking legal action against the partners so that they could continue with business. And that's not supposition, that's fact. An integral part of this "manage"ment was to try and sell 5-year PNs to all ex-CBS investors who held toxic PNs, an exercise in which they of course failed - a number of ex-CBS investors refused to sign, and some went on to take legal action. Hence the ongoing bankruptcy of Liam Collins & David Bone Jnr by Alistair MacLean... and if it were not by Alistair, there are plenty of others waiting in the wings to force the same outcome.

Joe Sinagoga & Robert Wakefield are merely mouthpieces of Liam Collins. In an e-mail to Richard Paris on 15/1/2011, Robert Wakefield states:

"I have never persuaded anyone to invest in Collins & Bone or any other business - not even in stocks & shares or managed funds. I merely shared my own experiences with you. Any decision as to what to do with your money was always yours of course. Please also remember that I was always only 'another investor', not an employee, director or even commission agent."

Contrast this with texts lifted from "the board"'s newsletters:

Now is a great time to start investing in this market.

If you would like to earn generous commissions from referring or introducing investors to the new-look Collins & Bone, where the investment is 100% protected, please contact one of us. You can also earn very good commissions from sourcing properties. You will be paid by St. Giles Asset Management Limited, not Collins and Bone.

Robert Wakefield has a sizeable investment in C&B, and has every interest in making sure that C&B is kept afloat, no matter how that is achieved. It was for this reason that "the board" members were actively trying to recruit investors to the po-IVA camp in the form of e-mails and phone calls, even though they had no legitimate right to be using investor data in this way ... clearly, this was not their role as investors, but as Liam Collins's proteges. And I suspect that they have received/are recieving preferential treatments wrt paybacks in one shape or form or another ... again, something that we will be asking the bankruptcy trustee to investigate.

And it is worthwhile taking a look at St. Giles Asset Management, and the other company that shares the same address - Operus Limited, Unit 4, 36 Queens Rd., Newbury, RG14 7NE. Operus Limited is a new company incorporated 10th November 2011 with 3 of its' 4 directors as follows:

Joe Sinagoga
Robert Wakefield
Richard Anthony Hawthorne, who on LinkedIn decribes himself as "property developer and investment manager", and was previously a sales manager at Castle & Gatehouse Ltd.

On the wysi website there is the following statement:

"Operus investments Ltd. specialise in property development in the private residential sector of the Uk, offering housing solutions to a number of Government Agencies. Their investment clients can capitalise on a bespoke guaranteed rental income from day one with a property investment which has been designed for high performance, whilst minimising risk."

The website is and is still under construction.

So if Liam Collins wants to believe in conspiracy theories, that there is a company waiting in the wings to pick-up/take over C&B assets on the cheap, then Operus Limited could be a candidate. But there again, I'm not going to dwell on trying to fit square pegs into round holes.

To the directors of Operus Limited I say be careful ... you are being watched!

The Editor

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