Update Alert on Criminal Case
July 2020 UPDATE- We have verified through our independent lawyers in Bangkok that the investor group Richard Cayne represents is making progress. Perhaps a milestone victory has been achieved as during last month court hearing the judge reaffirmed the order that the group Richard Cayne represents (being original investors) should ALL be reinstated on the shareholder list. We are keen to hear on next update from Richard Cayne when the restructuring may take place so that we may all get back our fair share. Good job Richard and look forward to getting it restructured.
September 2019 UPDATE – Make sure you provide your updated contact information to Richard Cayne at Meyer International Ltd. As per August’s e-mail update from Cayne the lawyers are making progress and ask that your most recent contact information is on hand. If you have moved or changed information you should contact Meyer immediately and update them.
August 2017 UPDATE-3rd Party law firms trying to solicit and deceive
***It has come to our attention that another group using some small law firm(s) in Bangkok are trying to deceive original WSB shareholders in the hopes of getting them to sign power of attorney forms over to them stating that a judgement has been rendered and if they want any payout then they need to be appointed. Be aware they also state they will not charge a fee but rather a 30% success fee on some inflated claim number which investors will have a hard time substantiating and in ADDITION they will separately add their expense fees. We have heard from a few members in our group that these “expenses” will be so inflated that in best case result you will receive ZERO back from your claim with these lawyers manipulating their representation. Further, the solicitations we have seen do not fully disclose the status of the cases and in fact we are told that one of the firms claiming to have finally won their case against White Sands Beach recently lost a case to seize the land from another creditor. Make sure you are getting all the facts before signing anything! Be aware and stay away. We suggest if you are approached by some Thai law firm to 1st inform yourself by contacting Richard Cayne in Bangkok Thailand at www.meyerjapan.com
WE ARE A GROUP OF INVESTORS
Over the period 2004~2009 more than 200 investors from Japan and Thailand had invested in a project named White Sands Beach, which is a company that is directed by Gregory Pitt residing in Bangkok, Thailand. Many of us, but not all, had been introduced to this project by financial consultants, one being Richard Cayne. There has been a lot of negative publicity about Richard Cayne and Meyer Asset Management on the Internet published by Gregory Pitt who tries to remain anonymous in his posts and we also notice that there is little or no commentary about Gregory Pitt who was Managing Director of both White Sands Beach Company and its marketing company Royal Siam Trust. Whitesandsbeach.info has been created to broaden the discussion on White Sands Beach so that some of us may express ourselves with regard to Gregory Pitt, inform and communicate with those who have been the victims of the White Sands Beach/Royal Siam Trust financial disaster, to expose the criminal actions of Gregory Pitt, and to counter the distraction of pointing fingers at Richard Cayne.
Richard Cayne and the investor group had taken legal action from 2011 once the loss was learned of and finally in late 2014 Gregory Pitt had been found guilty by Thai courts and sentenced to an 18 year prison sentence. He has since fled justice and currently on the run from the authorities. Gregory Pitt is believed to be in hiding in either Cambodia or somewhere in the U.K.