Archive: June, 2015

Land Banking opportunities and fraud perpetrated by White Sands Beach /Royal Siam Trust Director Gregory Pitt

By , Posted on June 17, 2015

Richard Cayne always looking for best in class products for his clients had suggested investment into a land banking project called White Sands Beach by Royal Siam Trust out of Bangkok, Thailand.  Sadly when White Sands Beach Managing Director Gregory Pitt decided to illegally remove rightful ownership from its investors, this is when Richard Cayne took action.  Some of the claimant investors have gotten together and recall comments from Richard Cayne in 2012;

“Fraud on the part of the managing director of the White Sands Beach/Royal Siam Trust project was not a risk that I feel investors signed up for.  Certainly all investors know that investments have risks associated with them but these are normal market risks such as demand or political risk and both had been experienced by the White Sands Beach project.  Back when I started recommending in 2005 the story could not have been better as The Prime minister at the time had bought up large tracks of land in the area and all the Thais I had spoken with confirmed Trat, Thailand had the best potential for growth.  This is exactly what investors look for in a land banking investment.  Unfortunately the country thereafter also experienced a…

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