StatCounter

Thursday, October 30, 2014

I would now like to draw your attention to an internet article that appears to have been written by Richard Cayne himself.

 http://www.articlesfactory.com/articles/finance/richard-meyer-cayne-credibility-of-an-offshore-financial-consultant-in-japan.html

Go ahead and have a look at it. Don't worry - this blog will still be here when you get back....

Okay, so the gist of the above article is that Meyer Asset Management had slipped through the cracks but finally received a completely routine (but overdue) inspection from the regulators? Nothing to worry about, right?

Now let's look at another article that I found online:  http://www.whitecase.com/articles-09092010/#.VE8UOYuUdCc




The "Penalty Imposed" section on page 2 of the article is particularly noteworthy. Although the article written by Richard Cayne seems to lightheartedly suggest that Meyer Asset Management received a small "tap on the wrist" kind of punishment from the regulators after a "routine inspection," the White & Case article states that in actuality Meyer Asset Management was ordered to suspend its business activities for 90 days!

A three-month suspension of business activities is a serious matter indeed and cannot be explained away by gobbledygook such as "just because you have a drivers license doesn’t mean you are allowed to drive 150 mph." I think a more apt analogy would be that of a restaurant that had failed a health inspection and was ordered not to serve any food for three months. Would you want to have lunch at a place like that?

It seems that just as eating at unsanitary restaurants can represent a health risk, doing business with Meyer Asset Management can be detrimental to one's financial health as well. Just ask the people who have invested thousands of dollars in Royal Siam Trust landbanking (introduced/sold by Richard Cayne and/or Meyer Asset Management).