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)

Monday, 26 August 2013

Faces of Disco Liam Collins gets 14 years!

Liam Collins, the real face behind Faces of Disco, gets a 14 year Bankruptcy Restriction Undertaking (BRU), effectively the maximum that the Secretary of State can impose, and an indication of the severity of the Official Receiver's findings. Now that the Official Receiver's investigation is over, the next phase will commence .... to ensure that criminal charges are brought against the partners.

On 25th July 2013, Liam Collins had his preliminary Bankruptcy Restriction Order (BRO) hearing at Newcastle County Court. At this hearing, Liam Collins was asked whether he agreed with the findings of the Official Receiver on a point-by-point basis. Liam Collins contested 3 main points:
  • The partners mis-appropriated investors monies, using the monies in a manner wholly unrepresentative of the representations that the partners had given to investors. I.e. the partners defrauded investors.
  • The partners, minimally as of January 2010 onwards, were trading whilst insolvent. They were effectively operating a ponzi scheme.
  • The partners purposefully mis-informed investors about the state of the business, minimally as of January 2010 onwards.
Liam Collins was given an interim BRO by the judge, and requested to return to court in 4 weeks time with evidence to contest the above findings. Suffice to say that investors did not have to wait 4 weeks:
  • Liam Collin's partner, David Bone Jnr, accepted the Official Receiver's findings at Wigan County Court on 1st August 2013 which obviously did not help!
  • Liam Collins has no evidence to contest these findings.
The above findings are obviously very serious ... The Editor understands why Liam Collins would want to contest them by virtue of the fact that these are inherently criminal activities. However, the degree of proof required by the Official Receiver is not the same as that required in a criminal prosecution, and it is here where this blog will now focus ... to provide data required to secure a criminal conviction.

The reason for the complete lack of activity on this blog for the past several months has been at the explicit request of the Official Receiver so as not to jeopardise in any way his investigation. The Editor has been happy to comply with this request and help bring the Official Receiver's investigation to a fruitful closure.

The Editor