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…
This email has just arrived from one of the investors;
Richard Cayne please don’t give up on us we need your support & We are here to support you!
On behalf of all the investors into the White Sands Beach / Royal Siam Trust land banking investment I wanted to send a note to Richard Cayne and express my sincere appreciation for the efforts he has made in pursuing Gregory Pitt the principle of the investment company who has defrauded us all. Without Richard Cayne taking action we would be nowhere and Gregory Pitt free to liquidate our property and pocket the cash. Richard has blocked him from taking such actions and today Gregory Pitt has an 18 year prison sentence against him and not able to leave Thailand as the courts have taken his passport as he is flight risk as he submits his appeal to the judgement. I know how long and costly the legal process can be and Richard has clearly felt strongly about this and taken action for us which must have been a hard decision for him as the costs must be a burden to him not only the financial costs but the thousands of hours…
Cayne Continues Fight for Investors:
Additional Group Takes Court Action Against Pitt Ponzi Scheme
Convicted fraudster Gregory Pitt has been in divorce proceedings with his wife, Maliwan Pitt, for several years. The legal action between the couple has escalated in recent weeks with a hearing in family court. Maliwan is seeking award of half of Pitt’s assets – which has become a focal point in attempts to reclaim the property stolen from White Sands Beach investor by Pitt.
Maliwan Pitt has acknowledged that she withdrew all of the couple’s cash from their personal bank accounts and also removed all of the White Sands Beach title deeds from their secure storage. Inexplicably, the Judge in the divorce action has granted her permission to retain control of the title deeds pending resolution of the divorce action. The Judge’s decision to allow Maliwan to retain control of the title deeds comes despite a Tran Court’s conviction of Pitt for their theft and his 18-year prison sentence.
During the divorce proceedings in family court, Richard Cayne, Managing Partner of Meyer Asset Management, was in the court room representing investors defrauded by Pitt. Cayne’s presence in the court room was to argue that the…