Richard Cayne has formally admitted in Trat court that he established Royal Siam Trust Company Limited (RST), AND that he is the Director of the company in St. Lucia. As expected, his lies continued while purposely mumbling to the court and trying to avoid clear translations from English to Thai with other incredulous reasons for his actions since he founded Royal Siam Trust Company. In all truth, he was embezzling and using his Meyer clients' money (not for WSB) and "for tax efficiency" or better put - to avoid paying ANY Thai or Japanese taxes AND use your RST money.
Remember that RST – NOT White Sands Beach - is where YOUR funds were sent.
"RST” (Est. 2004) is an offshore front company with a bank account in Hong Kong, where your funds were received. Some investors have, through Richard Cayne's deceit and manipulation, been brainwashed into believing they are a "WSB Claimant". While it is true that you possess a WSB share certificate and a tiny share in the land on paper, the problem is this: Not one dime made it to this land. Instead, these funds were diverted entirely to the RST fabricators and beneficiaries: Richard Cayne, his Japanese wife, brokers, and RST partners. White Sands Beach neither received the money, nor are the bogus complaints filed to the court asking for any of these funds to be returned.
Regardless, you should contact Richard Cayne and/or the Meyer broker you dealt with directly by email or phone ASAP, and inquire about YOUR RST funds and if the above is true. You may also want to ask quite candidly if Richard Cayne is still the current Owner and Director of Royal Siam Trust. We can assure you, he will deflect and lie about the answer by phone and will almost certainly not reply in writing to this by email, and in all probability, blame WSB Co. or others.
Furthermore, you may also want to inquire why RST is still active and not closed (wound down) in St. Lucia (the actual offshore company). We will generously hint to you that it relates to the above. Richard Cayne has recently renewed the company registration for the tenth consecutive year and we know why. These shenanigans and lies have run their course, and the abuse will end quite soon. The truth and options for a private financial recovery excluding Richard Cayne and his partners were expressly given to the RST investors over the past several years.
The next round of time-wasting hearings for Richard Cayne and a handful of POA signing investors in Trat will take place during the week of February 24th to March 2014. Expect another "FOR CLIENT USE ONLY" legal letter, in much the same vein as previous letters, replete with excuses and stalling in April.
Why would WSB "settle" with the people who embezzled your money, refused to pay them, and abuse them (and others) with perjuring testimonies and lies?
The first RST brochure as the "Operator" and "Planning Funds" is provided for a reminder. This was in fact designed and written by Richard Cayne and his wife.