Meyer International Reviews
50K CLAIMED LOSSES
2 TOTAL REVIEWS
Scammed by Richard Cayne
Richard Cayne sold the legit Zurich Vista Plan but very deliberately misled people not only about the terms of the plan but also did absolute zero in terms of management. In fact, he did worse than zero. He slammed everyone into the exact same *** plan, fire and forget, collect a hefty commission from Zurich for his "efforts", lather, rinse, repeat. When clients would ask about performance of the funds, his modus operandi was to send as short an email as possible, feeding such lines of *** like "these funds are poised for future growth". Whatever it took to get people to stop pestering him so that he could go back to (conjecture / opinion) boozing, *** or whatever the *** it is he does when he's not robbing people blind and lying out his ***. Using these plans, along with his being semi-legitimately licenced by the same *** goons who showed him out the back door and probably wished him a warm "行ってらっしゃい！" on his way out, he then sold "units" in the Royal S[c]am Trust / White Sands Beach with his *** partner, a Mr. Gregory Pitt, who also deserves a dishonorable mention in all of this. Units typically sold for about $15,000 USD apiece and were described as being relatively liquid in the literature, until such time of course when a client wanted to liquidate at which point they were invariably informed of there being "no current liquidity". *** started to hit the fan when the political instability in Thailand got people jittery along with the subprime mortgage *** in the US that razed world markets and wiped out billions. What I think needs to be stated is not only the financial cost but the very human cost of the havoc this sub-human piece of *** has wreaked. (opinion) And make no mistake, he is an ugly little troll. There are people who have been scammed that don't have the luxury of another three decades of gainful employment ahead of them to recover from this. It's easy to say here in the anonymity of an internet forum that "he stole money from greedy idiots who deserved it". What's not as easy to do is actually look a very real person in the eye and tell them their life savings are gone, their kids' college funds have been stolen or that the down payment on a house they'd saved for is up in smoke. Strained marriages, suicidal people and destitute pensioners are the unseen facet of this crime. And for those that actually do try to do something about it, the buck gets passed around between incompetent Japanese cops, corrupt Thais and the RCMP who won't even lift a finger to apprehend fraudsters at home let alone Montreal expats living in Asia. These organizations are equally complicit in my view.
Reason of review
Scammed for $50,000
Richard Cayne was working as a financial adviser in Tokyo for a number of years and has caused a lot of trouble for his ex-clients. He marketed a fraudulent land banking investment in Thailand called Royal Siam Trust (RST) and told his clients they could cash out at any time. Of course this was a lie and now he does nothing but stall for time with vague and confusing emails assuring that his lawyers are working to solve the problem. This has been going on for several years now but they've made no progress at all. Where's the money, Richard?
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