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After receiving payments starting in April 2015 which were showing a 28%Roi they started getting lower till December when I contacted Carolina from Pacific Tycoon she stated that they my container's were in the process of getting re positioned .Till we received our last statement on May 23 2016 and our statement should 0 % Roi when I picked up the phone and called her she again told me they were getting re positioned and we wouldn't receive any money till July or August 2016 when I told here that she had said they were getting repositioned back in December she said she didn't remember that emailThen she went on to say I could switch my containers with ones that were already in China and making income for a small fee of $500.00 us when I declined that and asked were are our containers she said they were some were in transitAfter that I asked her if we could sell the containers back to them she said we couldn't and that if they did buy them it would be for less the market value and she would look into and get back to me .Its been now 1 week and 7 emails and 10 phone calls and no responds I have emailed here Jack Lam , Daniel Blake ,Gregory Canaris I truly had a feeling after December 2015 and doing more research that this was A HUGE SCAM AND THE PYRAMID SCAM WAS STARTING TO CRUMB.ANYONE OUT THERE THAT IS THINKING OF INVESTING IN CONTAINERS DONTDONT BELEIVE IN THOSE SITES THAT TELL YOU THAT THEY HAVE INVESTED AND ARE DOING WELL WITH THEIR INVESTMENT ITS PACIFIC TYCOON PAYING PEOPLE TO BUT THAT INFO ON LINE GO TO RIPOFF REPORT AND LOOK THEM UP ITS ALL TRUE WHAT THAT GENTLEMAN REPORTED

Reason of review: Scam.

Monetary Loss: $28500.

Preferred solution: Full refund.

Pacific Tycoon Cons: Scam.

Location: Mississauga, Ontario

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Guest

am contacting the Police regarding pacific tycoon and their apparent scam

Guest

Hi

Yea agree,did some deal with them and they absolutely a scam.I tried as per contrat to get buy back of my container but they can't as they simply don't have the cash!thus the contract is a fakers I think it's possible to sue them not from Europe but via HK or Singapore lawyers offices as their office is based in HK,I guess despite the pictures show their office but it's probably a fake!You can do what ever you want with a website nowadays!

To be continued!

Guest

everything u said about pacific tycoon is 100% correct. they scam everyone.

once your in and have 1 or more containers they keep contacting you to buy more containers at good prices.

you will receive money from them for awhile but then it all stops and you are out a lot of money. everyone keep well clear of this company they are professionals at scamming people.

Guest

I got paid my May payment on the 23rd as expected. PT is not a scam.

Guest

My payment was delayed but only for a week and then I was paid my April payment. However, I do know a couple of people who also have not received their April payment.

I know communication from the company has been terrible but I won't be calling PT a ponzi scheme since I am still getting paid.

My next payment is due on the 23rd of this month. Let's see what happens.

Guest

Similar experience to you and many others. Should be able to do something as a group.

Guest

Collective action is the way to go. lots of people affected in the same way.

Guest
reply icon Replying to comment of Guest-1168845

Yes, collective action I'd be happy to participate in. After having been told their financial institution requests their customers' passport, a bill and their employment, I requested a copy of their bank's request: as why would a financial institution be investigating the Panama Papers?

I don't expect to see this request.

In addition, my payments have been received from so many different banks around the world (check your statements), so which one of these is the one requesting it? I have a feeling it is crumbling also.

Orlo Bms
reply icon Replying to comment of Guest-1170150

Just to advise that i have just received a payment in my Bank from Transferwise Ltd which seems to represent the 2 missing months.

This is a new payment name and there has been no correspondence from P.Tycoon about it

Anybody else ????

Guest
reply icon Replying to comment of Guest-1170150

Collective action is at the way to go but via a HK/Singapore lawyers office cause their company is " based" there!would be happy with that!

Guest

Hi

We have similar experience with Pacific Tycoon. We actually received a statement that our six containers had earned $192 for the month of April 2016.

However that money has not been paid into our account yet. I have sent four emails, to Jack Lam and Caroline Conti and also got in touch using Facebook messages. No replies for the emails at all. The person replying Facebook, says everything is fine, but since hearing my complaint, the person said that he/she will get in touch with the supervisor and get someone to call us.

No calls so far.

That is the reason why I started to check what is really going on with Pacific Tycoon. We live overseas from Hongkong, where their office is, so it is impossible to find out what is going on .....Annoying

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