Anonymous
map-marker Brisbane, Queensland

Pacific Tycoon Scam Do Not trust

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My personal experience has been negative.

Pacific Tycoon was good for the first year of investment.

Then Pacific Tycoon starts calling every two months to try to make you buy more containers.

Firstly the Annual return figures dropped.

Secondly the payment stopped for me too.

Pacific Tycoon are saying it can take up to 6 months to reposition the containers. OR they said $1000 per container to get me another contract.

This means the annual return is not really 25% is about 10% to 15% if I have to wait six months.

I am doing my best sell my containers back to Pacific Tycoon.

Pacific Tycoon definitely a Scam and I would not trust them.

View full review
Loss:
$35000
Cons:
  • Theft
  • Scam
  • Lies
Reason of review:
Problems with payment

Preferred solution: Full refund

6 comments
Erica S Ulp

The Pacific Tycoon Scam Pacific Tycoon Scam act is easy to pull. The thought here is to enter a developing industry by renting high return delivering compartments to businesses in Asia or elsewhere tax-exempt.

Guest

Total fraud. Check the serial numbers on your containers. They don't exist!

Guest

I don't know about being a scam, but definitely not satisfied with the end results. Just like you, first year was good and then gradually slowed down to nothing.

Now I try to contact them and there is no one answering me since I decided to sell my containers. I lost trust in them and I wish I will be able to get my money back.

Guest

Totally dodgy - avoid, same thing has happened to me. Luckily on bought one container. Don't fund criminal pacific tycoon !!

Guest

yes same thing happened to me ,bought 2 containers every thing good first year bought 2 more received nothing this year at all i think we have been scammed

Guest
reply icon Replying to comment of Guest-1208510

I bought 1 container ; I have not received any payments over nearly 1 year

All I have received is weird excuses by e mail & by phone .

Every time a different person speaks to you from the company - each one will contradict the other thereby causing confusion .

It is a total scam .

View more comments (5)
Anonymous
map-marker Celebration, Florida

Pacific Tycoon - Investment Service Review from Celebration, Florida

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Pacific tycoon is a scam. I visited them on September 6th without advising them.

The building address was located but their office was nowhere to be found. I checked the directories and nothing. I had spoken with a few commercial owners within that building and they advised me that they were scammers. They told me that there is absolutely no containers out there.

Its all a front. You would invest your money for nothing. They would pay you back a decent return for the first couple of years using your own money! There is no such thing as selling back your containers as they wont pay you back your initial investment.

I've also spoken to a fellow named max who was working for them as a administrator. He told me that this was not a company. It was a boiler room with 3 people operating this scheme. There have many different names but the same person would respond to the emails.

They are no longer paying out and have taken all the investment and thus the reason Max is no longer an employee. i was stunned!

DO NOT INVEST YOUR MONEY! If you have already invested as I have, I honestly doubt any funds with be recouped.

View full review
Reason of review:
Not as described/ advertised
4 comments
Guest

Are you an investor?

Guest
reply icon Replying to comment of Guest-1215220

Yes of course I'm an investor. I'm out 12 containers.

Guest

It would be good to hear your experiences on a new Facebook group forum that has been started, called the Pacific Tycoon Investors Forum. About 40 worried and disgruntled members now.

Guest
reply icon Replying to comment of Guest-1214836

Link to Facebook concerned investors group.

https://www.facebook.com/groups/214739****56296/

View more comments (3)
Resolved
Jarrod Ccs

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
| map-marker Montreal, Quebec

Resolved: Pacific Tycoon Customer Care Review from Montreal, Quebec

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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 and Jack the 'accountant '.

Even in the Facebook page you answer quickly just to give a professional image . You can chat with me by Whatsup at +151******** if you want physical proofs.

View full review
Reason of review:
Poor customer service
7 comments
Guest

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.

Guest

Sadly I am another investor that has to admit things are looking dark. Their statements now come with no logo or contact details and it looks like Jack has been jacked off.

Absolutely ridiculous excuses and plain insulting reasons for non payment.

Since the start of 2016 their returns to me have been sliding, paying me nothing in May and June.

Guest

I have to agree pacific tycoon are a scam

Guest
reply icon Replying to comment of Guest-1177582

Hello,

Did you purchase a container with Pacific tycoon? Can you share your experiences?

Guest

Me two no response to emails or phone calls I guess ths pyramid is coming to a end

Guest

Been with Pasific Tycoon since November 2014.

All good until this month, although returns have been diminishing since December2015.

This month nothing and no answers to any emails!!!

Guest
reply icon Replying to comment of Guest-1161968

Hi mojo

yes, same, same & same - no response to emails either.

View more comments (6)
Anonymous
map-marker Mississauga, Ontario

Pacific Tycoon hugh SCAM

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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

View full review
Loss:
$28500
Cons:
  • Scam
Reason of review:
Scam

Preferred solution: Full refund

11 comments
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!

View more comments (10)
Anonymous
map-marker Tok, Alaska

Join the group to complain

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I too have had problems and I have commented elsewhere. I have noticed there is now a group on FB - I will be joining this and see if this helps? Personally I have just been moved from PT to Davenport Laroche. It entailed a new contract although the terms and conditions (and the contract) appear the same. My payments have started again so I cant really complain but there appear to be many disgruntled customers out there. I do wonder when / If it will come to an end, obviously I hope not but I do wonder. Up until my change to Davenport I too had problems with having email answered and phone calls telling me they were busy and would get back to me - never did. Lets try this new Forum: https://www.facebook.com/groups/214739****56296
View full review
Loss:
$2000
Pros:
  • Interest rate
Cons:
  • Excuses
Reason of review:
Problems with payment

Preferred solution: Let the company propose a solution

1 comment
Guest

Hi All,

Pacific Tycoon has done the same with me. Stopped paying me after one year, then I complained.

They moved me to Davenport. It took 3 months for the payments to start again.

After 3 months of payment, all payments stopped from Davenport as well.

Definitely as SCAM. I would not invest with them at all.

follow and join this facebook group.

https://www.facebook.com/groups/214739****56296

Anonymous
map-marker Sydney, New South Wales

Pacific Tycoon - Investment Service Review from Sydney, New South Wales

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I purchased 5 40 ft containers May 2015. Payments have been made up to March 2016 and nothing at all since.

Pacific Tycoon has given no explanation as to no payment. Someone from the 'Beijing' office ( if that exists ) rang me and requested more money to continue the investment.

The situation is not at all professional and I don't know what to do. Malcolm Jeffries in Australia ph 043868****.

View full review
Reason of review:
Problems with payment
1 comment
Guest

I am experiencing the same problems and frustrations. I am currently circulating a summary of my experiences to Australian newspapers in the hope they will do a story that this Pacific Tycoon scam will be revealed to any 'would be' investors to prevent them making the grave mistake that I made.

Anonymous
map-marker Montreal, Quebec

Pacific Tycoon - Customer Care Review from Montreal, Quebec

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I have 10 containers with pacific tycoon and haven received a simple reply via email or a phone call for 3 months! No statement no communication. I'm contacting a lawyer as we speak in regards to this situation. I will be stoping by with friend at their office unexpectedly and will video the event. We have a big Channel on YouTube and will expose these scammers on a large platform.
View full review
Reason of review:
Poor customer service
2 comments
Guest

Hello, I was wondering if you guys had any updates on your status, have you been able to receive your money?

Thanks

Guest

Its the same for me.

For 3 months its been silent and no statements coming any more.

I think they are bust or ran with the money. Likely the latter.

View more comments (1)
Anonymous
map-marker Tredegar, Blaenau Gwent

Unhappy customer not receiving monthly returns that reflects the number of Containers owned.

I have purchased 10 Shipping Containers which I hoped would make good money. I opted for the higher of the two options for better income but I have never been successful enough to have benefitted from this. I am very disappointed with the entire lack of honesty of the company and I wish to cancel my investment and sell all 10 of my containers to Pacific Tycoon. Please let me know how quickly I can do this without losing my total Investment. I wish to receive at least the full price I paid for these Containers
View full review
Cons:
  • Lies
Reason of review:
I wish to sell all my containers
1 comment
Guest

You cannot bro......you are now in their cobweb and it is impossible to get your full amount back.

Anonymous

Requested buyback

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Have quite a number of 'containers' with Pacific Tycoon, with income until the start of this year. Have been patient to a fault, even when the explanations for missing income became farcical.

On one hand, there were income statements with no income and at the same time, PT-branded emails were indicating the problems lay with the banks. Couldn't get a straight answer about why no income.

Have now requested buyback of all containers and will see how it goes. They are not even pretending by using internationals for contact at the moment, just the Vietnamese ladies are answering the phones.

A lot of dread mounting but let's see if there is anything to be salvaged from this situation. It would be nice to think that this comment could be removed in a little while because things were resolved.

View full review
Loss:
$200000
Cons:
  • Excuses
  • Scam
  • Lies
Reason of review:
Problems with payment

Preferred solution: Full refund

1 comment
Guest

I see I am not alone in my persute of payments this year. The past 8 months I have received nothing and even the statements have dried up.

I have been given countless excuses and I feel like I have been cheated.

I will be reading the blogs to see how others are getting and o now wish to sell my containers if this is possible. What a shame!

Anonymous
map-marker Burnaby, British Columbia

Looking more and more like a scam

I to have 10 containers that I have owned for 2 years. Was receiving payments every month until March then nothing. I was told they have not been rented. Don't get statements or replies to my emails. Have requested market value for my containers as per the contract but have not had a reply from them. I to have 10 containers that I have owned for 2 years. Was receiving payments every month until March then nothing. I was told they have not been rented. Don't get statements or replies to my emails. Have requested market value for my containers as per the contract but have not had a reply from them.
View full review
Reason of review:
Problems with payment
Anonymous
map-marker Toronto, Ontario

Investment

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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 why but they telling me about the Panama scandals.. I am calling them but they dont pick up the phone anymore. Please if anyone receive the payment let me know so I know what to do.

I dont know if I will get my money back.. very worried.

View full review
Loss:
$265000
Cons:
  • Customer service
Reason of review:
Poor customer service

Preferred solution: Full refund

9 comments
Guest

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.

Guest

I am sorry to say that u wont get ur money back pacific tycoon are scammers

Guest

I hope you have received money by now as you have a big investment with them.

I have 10 boxes and all has been good for nearly two years, then last October there was a dive in the income, then from April this year I have received ZERO! I am very worried too.

I have been told that the issue lies with the banks, but before that I was told that the containers were being repositioned.

I used their Facebook page this evening, and was very surprised to get a reply back within 30 minutes (this is on a Saturday night) and I was told again the problem lies with the banks and the new compliance so required. Let's just hope for the best, not much else we can do.

Guest

Hi there You can mail me at kalptor@***.com......I am also invested in PT and same to me too.....drop me a message and then we can talk more...

Guest

I've had 10 containers with them too and haven't been receiving payments since May 2016 as well. Like you I've started in 2013, never had any problem until recently.

Called them almost every 2 weeks but it's the same answer. Recently Caroline got her assistant to call me back instead, saying they're trying.

I don't know for how long more and I do hope as well to start getting payment again or at least be able to sell off the containers and get my money back. I am getting worried as the days and months rolled on as well.

Guest
reply icon Replying to comment of Guest-1187388

https://www.facebook.com/groups/214739****56296/

Guest

The problem seems to be with the bank PT use to send the money on to your account. They have normally been using Global Currency Exchange Network but GCEN have changed the bank they in turn deal with and this bank is asking questions with regard to compliance hence the hold up.

The Panama scandal has meant that this sort of thing is being tightened up and so it does have a bearing on the delay.

You can ring GCEN on 0162281**** for clarification. I also had late payment but PT resolved this by using another bank and also apologised for any inconvenience.

You should not lose your money but there could be a substantial delay. I would try and seek a definite assurance from PT that this is the case and if you have no satisfactory answer it would be worth either making the trip to Hong Kong yourself or send a representative to find out exactly what is going on.

Guest
reply icon Replying to comment of Guest-1185548

when why hasn't pt told there client about the problem and be up front

Guest
reply icon Replying to comment of Guest-1185548

Did you get statements from them. Maybe its time to get all dissatisfied customers together with a legal team.

View more comments (8)
Anonymous

Just excuses

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guys has anyone got paid since april? they just ask if you have account elsewhere when you give they will tell you oh no even this country is effected by panama scandal.

I have contacted them several times but they just give you bull *** excuses that Panama scandal is affecting them whereas its not a matter at all. they are just passing time. they just keep repeating the same things if they really want to pay then they will find a way to pay.

has anyone visited their office or is there any other way to solve this problem. I think people should write reviews about them more so they will realise

View full review
Loss:
$7800
Reason of review:
Problems with payment

Preferred solution: Full refund

3 comments
Guest

Hello, I was wondering how you have fared with PT? Have you been able to recover your funds and have you actually filed any legal action if not?

Thanks a lot

Guest

HI,

I have been with Pacific Tycoon since Aug 2014 and payments ceased in August 2016.

No income statements and no emails answered.

No explanation given either.

Yes we should all join together and get some lawyers to sort this out.

I think Pacific Tycoon SCAM is true. They kept calling trying to make you buy more containers. they have taken substantial amount from me for containers and now no returns.

Guest

Has anyone ever thought of trying some legal action against PT? I am thinking of asking a local (HK) law firm to write a letter to them.

The costs for this should not be not so much for this. What do you think about this?

View more comments (2)
Anonymous
map-marker Ottawa, Ontario

Pacific Tycoon - Investment Service Review from Ottawa, Ontario

stars-rating-full stars-rating-full stars-rating-full stars-rating-full stars-rating-full

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 been paid. No statements, no communication.

This is clearly a scam. They've taken our money and fled.

View full review
Reason of review:
Poor customer service
10 comments
Guest

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..!

Guest
reply icon Replying to comment of Guest-1206047

Dear HM Dubai hi, I am Paul, also Davenport investor, I having a bad time with them , how are you doing please.?

Guest

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.

Guest

They are very not reliable!! I got paid until May, and nothing thereafter.

I had teamed up with a few people in this investment and it was my call to get on with the investment.

Now, pressure is on me and they have seeked authority to act on the issue.

I'm just hoping that they will hold on taking extreme measures, as they are practically very capable.

People need is their income, on time. Others now need their full investment back.

Guest
reply icon Replying to comment of Guest-1195610

To me happend the same, no payment since April 16 - last mail I got from Jack Lam after I asked for my June statement -

"...I hope this email finds you well,

Regarding income statement, we are modifying the format of income statement due to the bank’s new compliance. We are going to send the new version of income statement by this week.

Best regards,

Jack Lam

Chief Accountant Email: jack.lam@***.com Tel: +852 *** ***** Website: www.pacifictycoon.com ...."

Guest
reply icon Replying to comment of Guest-1195610

Hello, I was wondering how you have fared with your payments, have you been able to redeem your investments? Have you proceeded to take legal action, as this is something I am considering participating in.

Thank you

Guest
reply icon Replying to comment of Guest-1195610

Dear Anonymous, Am having similair problems, any news fro you please? paulhenderson1@***.com

Guest

I was also a little worried hearing other people having the same issue as my payments from May were also late but as of today all payments both May and June have been paid.

I have phoned them a number of times and most of the time got through. Glad it sorted now.

Guest
reply icon Replying to comment of Guest-1195057

Hi,

maybe you're just new with them and for sometime they'll continue to do so(I hope) but after a while they just stop(I hope not).

Guest
reply icon Replying to comment of Guest-1195057

How are you getting on with Davenport these days? paulhenderson1@***.com, please let me know how your doing with them now

View more comments (9)
Anonymous
map-marker Centurion, Gauteng

Pacific Tycoon - Review in Financial Services category from Centurion, Gauteng

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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.

View full review
Reason of review:
Problems with payment
17 comments
Guest

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?

Guest

Has anyone received June statement & payment? It should have arrived by 21th July.

Guest
reply icon Replying to comment of Guest-1189491

Welcome to Pacific Tycoon Investor Forum (PTIF) a group on Facebook,

Let me take an initiative to invite you all on a collective platform, Pacific Tycoon Investor Forum which directly or indirectly connects to the investors who have invested their hard earned money in a Shipping Container Company by the name Pacific Tycoon.

Here on this platform let us all address our problems and concerns with respect to our investments at PT.

Feel free to join....

Guest
reply icon Replying to comment of Guest-1189491

No email received as yet. Another nervous time for us... I hope the company is still financially healthy.

Guest

you obviously don't own any shipping containers. Most people who don't own shipping containers believe it's a ponzi scam.

Guest

So far I have received statements as promised i.e. by about the 19th of the month.

There were issues with the April and May being delayed but that has been resolved now. For the first time my statement for this month is two days late.

I will leave them another few days grace and will then contact them and see what happens.

Guest

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

Guest

Jack contacted me a few days ago and subsequently arranged the back payment for April and May distribution. Received this payment in my bank account yesterday.

Hooray! I hope the company is no longer in trouble and he has made payments to you all too.

Guest

If you want to make this group I'd like to join as I wrote in my last comment. We could leave this public page and create a special group and exchange our email addresses . I bought 20 containers from PT and I'm really worried about my investment.

Please if you want to contact me at this email address:

bizarro762000@***.com

Guest
reply icon Replying to comment of Guest-1174659

Welcome to Pacific Tycoon Investor Forum (PTIF) a group on Facebook,

Let me take an initiative to invite you all on a collective platform, Pacific Tycoon Investor Forum which directly or indirectly connects to the investors who have invested their hard earned money in a Shipping Container Company by the name Pacific Tycoon.

Here on this platform let us all address our problems and concerns with respect to our investments at PT.

Feel free to join....

View more comments (16)
Anonymous
map-marker Dawlish, Devon

Pacific Tycoon Shipping Container Investment Review

Problems seem resolved now. I am being paid regularly.
View full review
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