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containers money investment scam returns phone income contract container emails
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4.0
Details
My May payment was late and after a few e-mails and phone calls the payment was sorted out. My June statement had not arrived so I e-mailed them and they got back to me quickly saying they were re-formatting the statement because of compliance. The statement did not...
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2 comments
Anonymous
#1197866

It is ban in Australia because Western Australia Govt has issued a warning .... So guys be careful with your hard earned money

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ID
#898452 Review #898452 is a subjective opinion of poster.
Location
Milton Keynes, Milton Keynes
Service
Pacific Tycoon Investment Service
Reason of review
Good customer service
1.0
Details
I have been a client of Pacific Tycoon for a few years and all was well until April, when payments stopped. I have not received any payments for April , May, June, and now its August and past the payment date. I wonder if a letter to the HK and Viet embassies...
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7 comments
Anonymous
#1350472

I would like to get in touch and discuss the matter further.

I have experienced a severe loss and need to take immediate action in the current circumstances.

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ID
#895686 Review #895686 is a subjective opinion of poster.
Location
Canberra, Australian Capital Territory
Service
Pacific Tycoon Investment Service
Cons
  • Scam
  • Customer service
Reason of review
Problems with payment
Loss
$5000
Preferred solution
Full refund
1.0
Details
I have invested 10 containers and have been paid every month until a couple months back. They no longer respond to any emails I sent them. The worst part is that I've referred 2 very good friends of mine to pacific tycoon who both invested 5 containers each. None have...
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10 comments
Anonymous
#1206047

Hi, I have not received payment for my June Income. No income statement for July as well.

I have given another bank account in UK and they have updated the same. I got an email from Richard Liu to confirm the bank details. When asked for payment he asked me to check with Jack Lam. Hope they will transfer the payment to new bank account.

This is really disturbing. I trusted PT and invested 5 + 3 containers! Hope this is not scam as I did receive monthly payments for over 8 months now. Now the new payment will come from a difference party i.e.

Davenport Laroche Limited. Hoping for the best..!

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ID
#891925 Review #891925 is a subjective opinion of poster.
Location
Ottawa, Ontario
Service
Pacific Tycoon Investment Service
Reason of review
Poor customer service

Silence from Pacific Tycoon

Has anybody noticed that Daniel Blake, who used to send emails every couple of weeks about how well PT was doing has suddenly become quiet - no emails received for about 8 weeks??? Very suspect A big scam I think with clients left out of pocket by 10's of thousands of dollars. Not sure what everyone is going to do. This issue is worldwide with clients in every country - many many people seem to have not been paid for the last 2 months Despite sending emails to Ted, Caroline, Jack etc there is utter silence now from their end. Is anyone keen to go to HongKong and see if they are still in their office?
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1 comment
Anonymous
#1199567

No this is not a scam. I have had no issues with PT until this Panama Papers scandal arose and now the banks are holding back payment due to pressure from their Government.

Many of my other investments have also been impacted by this so I know Pacific Tycoon is not at fault here.

Just pick up the phone and call them. They are always there to talk to me whenever I call them.

ID
#890702 Review #890702 is a subjective opinion of poster.
Location
Brisbane, Queensland
Hi all, I have shipping containers from Pacific Tycoon and going back awhile the money don't go into my account rang pt they told me the money had gone in and gave me the company number that oversees the money transaction from American currency to Australia currency...
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1 comment
Anonymous
#1191262

We have not received any income for the last 2 months and have not received a statement for last month.

Does the bank sent your statements aswell ?

ID
#887490 Review #887490 is a subjective opinion of poster.
Location
Brisbane, Queensland
Service
Pacific Tycoon Investment Service
Reason of review
Problems with payment

Delay in Payment and False Promise

I made an Investment Last year and initially received prompt reply and statements. Since last month i am sending them E-Mails which no one is replying. I called them several times and finally they transferred the call to customer service and they accepted to reply my e-mail. Its 23rd of Jul '16, i am still awaiting the statement for June which normally arrives on 17th and my quarterly payment which is due to arrive. Since, last 2 months my container has made zero income therefore was waiting to receive June. My assumption is due to the continues dip in Freight Rates since Jan '16, it is definitely affecting them. If i receive an offer from them to exit with full container value, i would definitely take it immediately.
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5 comments
Anonymous
#1199568

No this is not a scam. I have had no issues with PT until this Panama Papers scandal arose and now the banks are holding back payment due to pressure from their Government.

Many of my other investments have also been impacted by this so I know Pacific Tycoon is not at fault here.

Anonymous
#1192715

Every body eagerly waiting for take out the invested money.

Anonymous
#1191213

I would have to agree with Pete - PT are running a scam which is finally folding in on them and there are thousands of people worldwide who have lost tens of thousands of dollars

Anonymous
#1189146

u wont get any money back. pacific tycoon are scammers

Anonymous
#1195378
@PissedConsumer1189146

What does everyone want to do about it??

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ID
#887264 Review #887264 is a subjective opinion of poster.
Service
Pacific Tycoon Investment Service
Reason of review
On time delivery
2.6
Details
I have not received payment since May 2016, I am email Caroline and the rest of the team , but no reply.. Im getting worried about my money , I have 63 containers and put all my money here. I started 2013 and lately the payment is getting late or behind.. I asked them...
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9 comments
Anonymous
#1199571

Wow, 63 containers! I don't believe PT is a scam but you need to learn about diversification. It is not wise to put all your eggs in one basket regardless of the investment.

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ID
#882837 Review #882837 is a subjective opinion of poster.
Location
Toronto, Ontario
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Customer service
Reason of review
Poor customer service
Loss
$265000
Preferred solution
Full refund
Pacific Tycoon have been fine until lately they were late in payment. They sent the money to GCEN their clearing house and because GCEN had changed banks they were dealing with there was a hold up. After many e-mails and phone calls PT eventually sent the money using...
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7 comments
Anonymous
#1199574

I have had no issues with PT until this Panama Papers scandal arose and now the banks are holding back payment due to pressure from their Government. Many of my other investments have also been impacted by this so I know Pacific Tycoon is not at fault here.

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ID
#878193 Review #878193 is a subjective opinion of poster.
Location
Milton Keynes, Milton Keynes
Service
Pacific Tycoon Investment Service
Reason of review
Good customer service
1.0
Details
Me and my wife invested our savings in 16 containers, I received my statement for April but no payment for April and May. They are not returning my emails. I am in Melbourne Australia can we get together and do something about this. I have also given them a different...
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35 comments
Anonymous
#1199575

No this is not a scam. I have had no issues with PT until this Panama Papers scandal arose and now the banks are holding back payment due to pressure from their Government.

Many of my other investments have also been impacted by this so I know Pacific Tycoon is not at fault here.

Just pick up the phone and call them. They are always there to talk to me whenever I call them.

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ID
#866473 Review #866473 is a subjective opinion of poster.
Location
Brisbane, Queensland
Service
Pacific Tycoon Investment Service
Reason of review
Problems with payment
Preferred solution
Deliver product or service ordered
1.0
Details
It is a Ponzi scheme. Now they don't have any more money to pay anyone so they are coming up with various reasons as to why they cannot pay the returns to their clients. Nobody received their payments in April and May 2016.
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17 comments
Anonymous
#1369002

Did anyone get an offer from Gregory Canaris - Deputy Director to trade your containers with new ones in China Railway Project? What should we do?

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ID
#860406 Review #860406 is a subjective opinion of poster.
Location
Centurion, Gauteng
Reason of review
Problems with payment
As an investor with Pacific Tycoon since 2014 I received steady payments up until may last month, my emails were never replied to except once when I asked for my full investment back, i was told by jack lam that it had something to do with the Panama papers scandal...
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11 comments
Anonymous
#1189049

I have been with PT since 2013 and never had a problem until my May income was delayed due to Compliance requirements from the banks. The banks have been sending back the payments to PT if compliance papers have not been sufficient to allow the banks to on forward the payments to customers.

I have regularly been in contact with staff at PT and have had satisfactory answers to the complicated issues that Panama Papers have created. To have correct compliance to the banks on every payment of PT's customer base must slow down your receiving of payments and create a large workload on staff at PT.

I am happy to say, after having been stressed with waiting for late payment, that payment in full was made yesterday, a month late, but as per the statement. Remember that in dealing with China bureaucracy can be intense and frustrating so in this case, patience is a virtue.

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ID
#859041 Review #859041 is a subjective opinion of poster.
Location
London, England
Service
Pacific Tycoon Investment Service
Cons
  • Customer service
Reason of review
Poor customer service
I have been with pacific tycoon since 2013 .and every month the payment was ontime,but last two month now I haven't receive my payments(March and April 2016).i have try to call them no reply and sometime I have told the are not there. I have several emails and sms...
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11 comments
Anonymous
#1178951

Has the issue been sorted now?

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ID
#858611 Review #858611 is a subjective opinion of poster.
Location
Seeb, Muscat
Reason of review
Problems with payment

Last month's income not paid into our account

1.0
Details
Been trying to contact Pacific Tycoon through emails, but no replies. Received the monthly statement stating that our income was US$ 192, but the money has not been paid into our account for six containers. Our daughter with five containers got no statement or money, our son with six containers got statement for US$0. We just want to know what is going on, and get some contact from the office and replies for emails. Also another person known to us who has eight containers have not received her income payment for last months, statement showed US$500. Daughter's mother in law statement showed US$0. There are five investors here in Yass/Canberra , Australia who want some answers.
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4 comments
Anonymous
#1178245

i've not been been paid for april &may,keep ringing sending e mails all i get back is excuses,does anybody know what's going on.

Anonymous
#1177163

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

Anonymous
#1174457

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.

Anonymous
#1167646

The ponzi is coming down, thats what's going on. Your money is most likely never coming back.

That's the risk you take when 'investing' in unsecured overseas opportunities.

Any communication you get from PT now is just a diversion to delay you from going to any authorities. It's unlikely any Australian authorities could assist anyway.

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ID
#857076 Review #857076 is a subjective opinion of poster.
Location
Sydney, New South Wales
Service
Pacific Tycoon Investment Service
Cons
  • Customer service
Reason of review
Poor customer service
1.0
Details
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...
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11 comments
Anonymous
#1593507

am contacting the Police regarding pacific tycoon and their apparent scam

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ID
#856125 Review #856125 is a subjective opinion of poster.
Location
Mississauga, Ontario
Service
Pacific Tycoon Investment Service
Cons
  • Scam
Reason of review
Scam
Loss
$28500
Preferred solution
Full refund
1.0
Details
Stop lying to people. You all work for this so-called Pacific Tycoon to give a professional image to more and more victims. I paid for one container on last February and never received income. My emails are still not answered. Sent to Daniel BLAKE, Marie HAMILTON...
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7 comments
Anonymous
#1221420

Sadly I am the same I bought 7 containers a few years ago and for a year now I haven't received anything from them. I keep getting the same excuses that my containers are get repositioned or the contact has come to an end. Unfortunately it looks like we have been scammed and things don't look like they are getting any better.

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Resolved
ID
#850567 Review #850567 is a subjective opinion of poster.
Location
Montreal, Quebec
Service
Pacific Tycoon Customer Care
Reason of review
Poor customer service