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