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And said my container was "caught up in Yemen" and i would have to pay $500 in future earnings for another two containers because they can't get it out of YEMEN. What should i do? This reeks of Scam and i feel gutted that this feels like they are lying to me and...
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2 comments
Marrio
#1550807

I received the same email and what is the main point anyway that if followed this option, buy more containers and trade in the existing containers, and yet you will no longer own these containers? No ownership, then what are we invested?

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ID
#1337497 Review #1337497 is a subjective opinion of poster.
1.0
Details
Update by user Sep 03, 2018

Like many others I have also been ripped off by these SWINES at Pacific Tycoon. Personally I have done the following, as I wish to put these *** behind bars and out of business. a) Write to the "Business Crime Section" of the Hong Kong Police at the following address :...

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1 comment
Anonymous
#1547542

Yes total Scamers.. Lost money don't reply ..

I have been advised by am International law firm that this company is a total lie and that their are NO containers.. Total scam we need to all get together and put 1 BIG legal case through..

ID
#1320951 Review #1320951 is a subjective opinion of poster.
Cons
  • Have not paid me on time
  • Being ripped off
  • Have been ripped off
Reason of review
Problems with payment
Loss
$30000
Preferred solution
Full refund

A BIG CON

Over a period of a few years i have purchased 20 containers from Pacific Tycoon, there were done in blocks of 5 at a time (cost for the containers 4,200 US each) at first the returns were very good reaching upto 800 pounds, but then comes the scam first they get in touch and say they have containers for sale at low prices, this is to draw you in, however if you dont purchase more units then your returns drop month by month untill like myself im know reciving around 125 pounds a month for rental of 20 containers, when i enquired they said the were in the wrong location, which they have been now for nearly 2 years, so next step i contacted them to tell them to sell again they are in a bad location and it will take time to bring them back? however they say i can sell part of them but not till March 2019 which means well over the 3 year contract, but its like banging your head on the wall when you speak with them, also the always call they dont want to put things in emails because you could refere back to it, so i wait till March next year and see what will be the next excuse ????????
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1 comment
Anonymous
#1554991

Lost £45,000 after initially good returns. Money stopped and only bemusing excuses why when I called HK.

I was an utter fool to invest with them. Return was £805 GB£ in May which was the last proper payment.

When I called and complained I received a further £200 my final payment. If I get a penny back, I will be amazed.

ID
#1310435 Review #1310435 is a subjective opinion of poster.
Reason of review
Poor customer service

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer
1.3
Details
I invested with PT 4-Years ago, for the first 18-24 months very good, great monthly return rates and good PR contact. However after 24-months everything went downhill, constant monthly reductions in returns to now where monthly returns are nearly zero. I found out that...
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6 comments
Anonymous
#1599443

Tycoon is a scam company and I would like to know if some one recover his money back or any advise to do it thank you

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ID
#1290626 Review #1290626 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Scam
Reason of review
Not as described/ advertised
Loss
$40000
Preferred solution
Total refund of the South America contact investment money as Pacific Tycoon have severely defaulted

Fraud investment

1.0
Details
Do not invest in Pacific Tycoon. Beware. I have lost all my money in 7 containers. No returns at all. They still send rental statements 3$ Monthly on 7 containers. I don’t know whether to laugh or cry. It is really a joke. Please don’t invest anything into Pacific Tycoon.
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ID
#1262454 Review #1262454 is a subjective opinion of poster.
Service
Pacific Tycoon Investment Service
Reason of review
Poor customer service
My story is similar to others on blog, monthly payments nearly nothing and no agreement on buy back date. obviously a scam, We have to band together and get a class action going. too many of these jerks in the world getting away with it. My buy back date was Feb 2018...
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1 comment
Anonymous
#1486863

I also purshased a unit 3 years ago. I realized after a few months that this was not a legit company.

After refusing to buy more units the returns were almost zero.

Now trying to get them to sell it, but I have no idea if they will do it and when. I wonder if this company can be sued.

ID
#1255029 Review #1255029 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Money gone
Reason of review
Not as described/ advertised
1.0
Details
I bought 2 containers in 2014, monthly income declined steeply since then, I insisted to keep my contract although they kept offering exchange with other containers, with a new contract, to improve income as they claim, until buy back time was due in September 2017...
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1 comment
Anonymous
#1622587

Hi, my contract ended in September 2018 and I was told I would be refunded in September 2019, a whole year to wait. Come March 2019 could you please advise how things are going i.e if they have kept to their word. Thanks.

ID
#1253385 Review #1253385 is a subjective opinion of poster.
Service
Pacific Tycoon Customer Care
Reason of review
Return, Exchange or Cancellation Policy
Loss
$8200

They tried to rip me off

Danenport Laroche Containers and Pacific Tycoon are web-pages created by the same scammers. When I returned a telephone call after an inquiry I had made to Davenport Laroche someone answered the phone as Pacific Tycoon. Then I understood that they are the same. Its written all over the web that they are based in Saingon with almost empty offices in HK. So I did not proceed and I was right. Why claim to be in Hong Kong or in some other countries (their traders) and not disclose their real location in Vietnam?? How to reveal the truth? When they call you they or their traders ask them where they are. Ask them specific questions about the country they claim to be (not just the weather) Do your homework first. You will find out that they have no clue...and they will rush to close the phone. Once I asked them how Hong Kong was governed and who was in charge of the country? What is the effective tax rate there? They had no idea.... Davenport Laroche like Pacific Tycoon are scam and its sad that Hong Kong police don't raid their empty offices there and close them down. Such a shame for Hong Kong!!!
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ID
#1253194 Review #1253194 is a subjective opinion of poster.
Reason of review
Poor customer service
Pacific Tycoon and DavenPort Laroche are the same companies. Its a scam run from Saigon, Vietnam. You have to contact the Vietnamese authorities or hire a private investigator to find them in Saigon... People will receive some income the first month of their investment...
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11 comments
Ikaika
#1854623

This is a very accurate assessment of this company ! Do not invest !

Their solicitors P- H monitor this site and complain and send juvenile and threatening comments to you if you post on it ....why is that ??

Check out what the word PONZI means ...... their solicitors don't seam to have a dictionary or worse cant read !

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ID
#1203766 Review #1203766 is a subjective opinion of poster.
1.0
Details
I have 30 containers . Havent had any income for over 2 years now. Cant get in contact with anyone when I call the office. Ted is not answering his phone or emails, . Still getting the invoices sent to me by Jack Lam. Would like to meet with others who would like to...
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4 comments
Anonymous
#1815737

HI, you could try a company called Reclaws International based in the USA or Payback Ltd based in Israel. They both require money up front and will take a percentage of monies recovered.

I cannot as yet recommend these companies but have been in touch with them. You will have to suss them out, read all the reviews you can about them before making a decision.

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ID
#1194336 Review #1194336 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Scam
Reason of review
Poor customer service
Preferred solution
Full refund
Pacific tycoon shipping company containners
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9 comments
Anonymous
#1806720

HI, also I believe scammed and so am going with a company called Reclaws International to try and reclaim some funds. They will take some money upfront and then 10% of whatever funds they recover. You will have to speak to them and make your own assessment.

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ID
#1167460 Review #1167460 is a subjective opinion of poster.
Exactly the same experience as many others, starts of well and good communication from the staff , after a year or two returns are systematically and greatly reduced and in some instances ...no returns. They now enter into very poor communication , if trying to sell...
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ID
#1166978 Review #1166978 is a subjective opinion of poster.
Service
Pacific Tycoon Customer Care
Reason of review
Poor customer service

They are fraud and scam

They are fraud and cheater. I have been calling them from last 7 months. Sometimes they pick up sometime they don't. They are not giving my container money. I'm planning to complain to the state soon so that they get penalized. Don't invest your money here!!! Your all money will be gone.
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ID
#1150908 Review #1150908 is a subjective opinion of poster.

It’s a scam !!!!

1.0
Details
I invested in 30 “ containers “ about 4 years ago first 2 years ok but after you get about half your investment back it drys up and they try to get more money out of you, try to sell them back but then the exused started ! There are no containers !!!!!
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ID
#1145795 Review #1145795 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Reason of review
Problems with payment
1.0
Details
Hi I have invested into containers via this company.At the start it was ok but since about 3 years it's all upside down,barely no return and the worst no money back to my account. I did some research and it looks like it's a scam, they have no contact in Linkedin,no...
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3 comments
Anonymous
#1762410

I feel even worst. 92 grand invested.

They've been lying to me now for over 5 years. Your containers are here, here and here. I told the girl to save her lies last time and she hung up on me. Emailed again.

Still waiting to hear there lies again. How can I give up on that much loss. They just called and same crap. No news on my containers that were suppose to sell at auction 2.5 years ago.

Really! What a surprise.

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ID
#1136897 Review #1136897 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Reason of review
not paid at all
Loss
$15000