White Sands Beach Info

This is the latest entry on Richard Cayne's whitesandsandsbeach.info website:

Richard Cayne is clearly a legitimate business man who has nothing to hide unlike many others around the WSB case. To back that up we note that Cayne has 10 years of audited financial statements posted online on his website and stock exchange for the general public to see with full transparency. Audited by Baker Tilly the 10th largest accounting firm in the world. This doesn’t sound like someone wishing to hide nor does he and those who wish to contact him can do so easily at Meyer International Ltd to seek any clarification on the WSB matter.

It is indeed true that financial statements concerning Asia Wealth Group Holdings can be accessed online (https://uk.finance.yahoo.com/news/asia-wealth-group-holdings-ltd-060000149.html),

however, there has never been a shred of useful information concerning Royal Siam Trust or White Sands Beach posted. 

Let's go back and reconsider what we already know:

1) Investors were sold a land investment in Thailand ("White Sands Beach") through a company called "Royal Siam Trust Company." 

2) According to the old RST Company website, the company was working on four separate projects: White Sands Beach Project, Millennium Project, Horizon Development, and Valley View Project. I can only conclude that these other "projects" were entirely fictitious. 

3) According to the old website "White Sands Beach" was one of four projects under the umbrella of the Royal Siam Trust Company.

4) Investors sent their money to a Royal Siam Trust "planning fund" at Standard Chartered Bank in Hong Kong (account number 368-107-6186-2). 

5) One share in White Sands Beach Company - note that the "project" somehow morphed into a separate company - is listed at 100 Thai Baht.

6) "Units" in Royal Siam Trust Company were sold at US $13,500 - $23,000 each.

7) The directors of Royal Siam Trust Company are Richard Cayne and Gregory Pitt. 

What happened to the planning fund?!?

Japanese RST investors should find this interesting

Here is something about RST that was written back in 2006.

http://otsu.seesaa.net/article/15658158.html

The analysis is well-thought-out indeed. The person who wrote this was able to correctly deduce that Royal Siam Trust was a scam investment and had enough sense to stay away.

All I can say is that I wish I had come across this sooner.

More about me - who I am and who I am not

The following is from the whitesandsbeach.info website:

So now Richard Cayne believes that “Daniel Kennedy” and “Paul Boucher” are the same people? Nothing could be further from the truth!

I am who I say I am – Paul Boucher. I invested in Royal Siam Trust in 2007 (thanks to Richard Cayne and his terrible investment “advice”). I can post a copy of my worthless RST share certificate if that helps.

I have posted and shall continue to post comments online about Richard Cayne as a warning to others and to express my dissatisfaction with his business and Royal Siam Trust. I have no interest whatsoever in defending his former business partner, Gregory Pitt, and certainly have nothing to gain from helping him. I have never had any contact with Pitt but he seems to be another thoroughly loathsome individual.

Richard Cayne seems to have this unhealthy obsession with this Daniel Kennedy and I really don't know what to make of it. Since it really has nothing to do with me regardless, I will leave it at that.

I am still waiting for Cayne to give his version of events about Royal Siam Trust. More specifically, I want him to explain how the information he provided to his clients could be so inaccurate. Was he being dishonest or merely incompetent? I can't think of any other explanation for this.

Anyone who wishes to contact me is welcome to drop me a line at duddykravitz1959@yahoo.com and I will be more than happy to answer any questions you may have. All I ask is that you keep it clean and be civil. I will not respond to insults, profanity, or any other childish behaviour.

Have a great day, wherever you are.

Paul (not Daniel)