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Pacific Tycoon - Terrible Tycoons

1.0
Details
Will not return our money after giving them notice. They say they re leased the containers. They keep giving us dates as in which month our money will be returned but we never receive it. We complain again and they just shift to another month about 6 months time. Still don’t receive it. It’s been over 18 months now we gave notice to them but still no money returned
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ID
#1635568 Review #1635568 is a subjective opinion of poster.
Service
Pacific Tycoon Investment Service
Pros
  • Inital returns
  • Initial returns
  • Initial return
Cons
  • Customer service
  • Will not return our money
Reason of review
Problems with payment
Loss
$26000
Preferred solution
Full refund

Pacific Tycoon - Owe me money

They tell me lies all the time they wont call back and wont connect uou to authority
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ID
#1632601 Review #1632601 is a subjective opinion of poster.
Cons
  • Will not lie srraight in bed
Reason of review
Problems with payment
Loss
$7
Preferred solution
Let the company propose a solution

Pacific Tycoon - Disappointed

You asked me for an update as to how things were going. PT about a year ago asked me to wait a whole year after I gave notice for repayment and then they will contact me. The year will be up at the end of September and will advise of any developments hopeful shortly after that time. My disappointment relates to the time lag in repayment and the low return after the initial 3 months or so. This review from WavyLittlePenguin
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ID
#1588844 Review #1588844 is a subjective opinion of poster.
Location
Swindon, England
Service
Pacific Tycoon Shipping Container Investment Service
1.0
Details
I have 40 containers deployed by Pacific Tycoon and since more that two years I am not receiving any income . I asked the management to sell the containers since more than 2 years . I am not receiving any response to my emails and no phone contacts are been responded
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1 comment
Kynleigh
#1669381

The scammer has stopped operating Pacific Tycoon and founded another scamming company named Davenport Laroche. There are too many complaints about this scammers and no doubt they will keeping changing names to operate.

Be careful with invitation for earning passive income by investing in shipping containers.

You can visit other complaints and will find out their location which is Vietnam. Not sure if the local authority can help you with this but you can submit a report, at least they will have to close their scamming activities for a while.

ID
#1495664 Review #1495664 is a subjective opinion of poster.
Location
Jeddah, Makkah Al Mukarramah
Service
Pacific Tycoon Shipping Container Investment Service
Reason of review
Problems with payment

Pacific Tycoon - Money gone. Bad karma. Stay away they are thieves.

1.0
Details
These people have stolen $111,000 of our hard earned money. My wife and I worked and saved our buts off for 5 years for this investment. They promise the return and when you ask politely, hey where is the payment. All of a sudden you are the bad person. We get angry with them they got angry with us. These people are bad people. Pacific Tycoon are absolutely disgraceful human beings. They still operate like nothing unfair happened. If you are reading this and undecided, keep your money. Call Pacific Tycoon and tell them you are not buying till all the bad reports are reversed. All these stories of money STOLEN BY PACIFIC TYCOON are real.
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1 comment
Anonymous
#1776437

You may have another option if you are an aussie only cattaylor1957@gmail.com as your username indicates?

ID
#1480986 Review #1480986 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Have been ripped off
  • When they take all of your money
  • Forever
Reason of review
Problem with delivery
Loss
$111000
1.0
Details
I also have lost money in the PC container scam. I bought 5 containers in Oct 2014. AUS I did not buy into changing my contract by purchasing more used ones as I was suspicious when they first started pushing me that this was the only way to improve my falling rental...
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1 comment
Demontae
#1800841

Hi You could try contacting Reclaws International ( from the USA)who might take up your case. They like 10% up front and then will take 10% of any monies recovered. They are acquainted with Pacific Tycoon and actually their opinion of them is not very high.

ID
#1463022 Review #1463022 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Dishonest representation
Reason of review
Scam..
Loss
$23000
Preferred solution
Full refund

Pacific Tycoon - Trade containers seem that they will never arrive in china to be sold as promised

2.0
Details
I have tried to contact them but lease containers money is getting less and they will not answer emails or talk to me on the phone i believe this is just a scm
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ID
#1453238 Review #1453238 is a subjective opinion of poster.
Location
Geelong, Victoria County
1.0
Details
Did you lose money to any investment broker? My Dad was a victim of this investment scam both pension and Binary option. I saw him crumble from having so much money to having nothing. It all started with an advert on Face book displaying the UK dragons den team trying...
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3 comments
Demontae
#1800845

You could try contacting Reclaws International (from the USA). They will take 10% up front and then 10% of any monies recovered.

If you are not able to come up with the upfront fees you could try to do a deal for them.

By the way i am not in any way being recompensed for suggesting this company. They are acquainted with PT though which is an advantage.

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ID
#1449025 Review #1449025 is a subjective opinion of poster.
Location
Stara Lubovna, Presovsky Kraj
Service
Pacific Tycoon Investment Service
Pros
  • Worse
Cons
  • Being ripped off
Reason of review
Bad quality
Loss
$100000
Preferred solution
Full refund

Pacific Tycoon - Lost My Funds

I lost an incredible amount of Funds to the fake Binary option Brokers, It all started from a phone call and after some persuasion I decided to invest, after months of constant investment I decided to ask for a payout this was the beginning of my turmoil, to my dismay I was still asked to invest more. Being a Single Mother of 3 kids this really affected me and despite all efforts to contact them failed. Luckily enough for me I was introduced to Binaryoptionrecoveryspecialist -.- com within a week, to my surprise all my funds were returned to me thank you so much.
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ID
#1448016 Review #1448016 is a subjective opinion of poster.
Location
Maidenhead, England
Service
Pacific Tycoon Investment Service
Reason of review
Poor customer service
Loss
$200

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

Update by user Dec 31, 2019

Below is a copy of an e-mail I sent to Ted Mallory, copying in Jack Lam, Caroline Conti, Buy Back team and Mark Champion. Mark it seems has washed his hands of it all having advised me about this in the first place which I must say sets off some alarm bells.As soon as...

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ID
#1446100 Review #1446100 is a subjective opinion of poster.
Location
Swindon, England
Service
Pacific Tycoon Customer Care
Reason of review
Alam bells
Preferred solution
Full refund

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

Update by user Jan 24

I wrote before that I thought PT was a scam company and now I have come to the definite conclusion that this is the case. I did put the fact to the receptionist who answered the phone recently at PT and he said he didn't know whether PT was a scam company or not!There...

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2 comments
Anonymous
#1758874

Togeather a claim may do .however lets expose these flees so they are exposed to all .hong kong revenue might be a good start

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ID
#1445455 Review #1445455 is a subjective opinion of poster.
Location
Swindon, England
Service
Pacific Tycoon Customer Care
Reason of review
Problems with payment

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

Update by user Feb 01, 2019

Pacific Tycoon did contact me and assured me I would be refunded in September, exactly a year after I ended the contract after the 3 years.So far they have not broken any contract as it states in the contract that all sub leases etc must finish before the refund is...

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2 comments
Anonymous
#1641952

Forger your money for good. Your money are deposited in Cambodia.

Report to your local authorities and your bank to block them. They are the same scammers like Davenport Laroche.

You will find them in Ho Chi Minh City or in a meeting in Hong Kong but I doubt that they will appear there to meet you. Let HK authorities know what has happened.

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ID
#1438847 Review #1438847 is a subjective opinion of poster.
Service
Pacific Tycoon Leasing
Reason of review
Problems with payment

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
I invested in 5 containers and after 3 years of not too bad returns have asked for the amount of the initial investment to be repaid. After a few phone calls etc they said I would have to wait about a year to receive it because of contracts having to be honoured and...
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3 comments
Anonymous
#1622524

Pacific Tycoon or Davenport Laroche, they're one of the same although they'll claim they're completely separate, the long and short is they're no more than 21st Century Gangsters telling you to let them purchase containers on your behalf and leasing them out for your, promising high returns: either fixed 12% per year or fluctuating returns averaging 30% per year. Be cautious!!!

They will use pitches like China is the manufacturer of the world, there is huge demand for containers, that Pacific Tycoon and Davenport Laroche is part of some associations, that they are willing to meet up with you face to face if you travel to their Hong Kong head office, and that there are client references, etc. Below is the detailed description of this Ponzi Scam. This is how your investment will go, no matter how many containers you buy or for what price the returns for the first 12 to 15 months will peak at about 25% to 27%, then plateau. After about 18 months or so when your income will fall through the floor within months.

(If you went for the 12% guaranteed you'll still end up in the same boat as you're only guaranteed 12% if there is 12%) Ted will tell you they've moved along with the rail road project and are now in an area with no demand. I questioned him that surely the customer has to return them to the original place of hire? All he did was avoid any answer saying he'll see what he can do. Months will pass with no call and after chasing him he'll tell you he has a wonderful deal !!

Trade all all your container for what you paid for them and buy some more, plus an extra amount so he gets a some more money out of you. I know a few investors that have taken the trade only to find the revenues only last about 4 months max before you're back to no income, but as these containers are second hand there's no buy back option, which he won't tell you you'll loose when you do the deal. If you hold out thinking you'll be OK when the three years are up because you'll get your money back, you'll be disappointed. Firstly clause 12 in your contract...

the containers have to come off hire first. Pacific Tycoon will promise to get you an "Off Hire List", firstly there's no specified time frame for them to produce this. secondly you think when I do get the list as I'm not getting any income they can't be on hire.. wrong they'll be on contract for another 3 to 4 years on "As and When the Customs Uses Them Bases" Technically on hire, but no income, and the customer will never use them because they don't and never have existed!!

Pacific Tycoon will use their Lawyer in Brisbane, a Mr Robert Cunningham of Paxton- Hall to hide behind and delay this process. I am sure the lawyer can not of carried of all the compliances with the Proceeds of Crime regulation in regard their dealings with Pacific Tycoon, i.e verified ID checks, requiring passport and utility bill etc. Davenport Laroche is even worst with the buy back, they will just go off grid, not answer calls, if you turn off your caller ID they will, but only then a promise of a call back that you'll never get. If you Google Pacific Tycoon and any variant of scam, financial fraud, investment fraud, you get over a 100,000 results, for Davenport Laroche about 20,000.

What income you may be entitled to may also be difficult to get to your bank account. My bank has refused a number of payment as they don't come form Pacific Tycoon or Davenport Laroche, but some random account usually from Cambodia. I have had to take my contract to the bank to prove I'm not money laundering, which I'm sure Pacific Tycoon and Davenport Laroche are also probably guilty of. Pacific Tycoon and Davenport Laroche are a Ponzi Scheme based in Saigon, Vietnam.

Between them they have an office in HK, UK, Dubai, and Australia to meet clients. Pacific Tycoon case it is at a different address from the virtual address published on the website. Pacific Tycoon and Davenport Laroche staff pick up clients at the airport or hotel and take them to that office. They always ask clients the exact date and time they are coming to visit Hong Kong, so as to book flight tickets to get there from Vietnam and fill up the empty office.

There are also two part-time local Hong Kong staffs. Hong Kong staffs are innocent, staff from Vietnam have to tell them that they come from Shanghai office, and Hong Kong staffs believe that. There’s probably nobody in Shanghai. Pacific Tycoon and Davenport Laroche do have Hong Kong phone numbers (land and mobile) beginning with 852, which are just SIMs they bought in HK and bring the phone to Vietnam.

Salespeople call clients using voice-over-IP (Skype) to save costs and to hide where they are calling from, the phone calls I receive can come via, Switzerland, Russia, France or Germany, obviously routed through some discount carrier and to hide their location. Ted Mallory (just an alias) runs the boiler room in Vietnam, about 30 staffs. They get telesales leads from email campaign in Viral Planet, The Executive Club, Adalsa, Investor Guide, Galvan, etc. The biggest markets are UK and Australia.

Since the beginning of 2012 until now, revenue per month is about 1 million US Dollars, I estimate that after deducting costs, Ted makes about 400 to 500K per month for himself. Ted is paranoid about his identity. Staffs don't know his real name. All we know is he's an old British guy, tall, brownish blond.

He may also have a Filipino passport. The apartment to run the office is always rented under his Vietnamese mistress' name Nguyen Thi Ngoc Thanh. Moritzclear Research S.A. and its company bank accounts are under his Filipino female friend’s name Michell Empleo Dela Cruz.

Once your money is wired to the Taiwanese bank Shanghai Comercial and Savings Bank, it will then be wired to Michell’s account in Cambodia, and then transferred to her Vietnamese bank. Once the money comes to Vietnam, Michell will fly to this country to withdraw the cash. Thanh will escort her all the way to the banks, and take the money back to the boiler room office. As a rule, client leads from USA, France, China (including Hong Kong), Vietnam, and a few other countries are immediately taken off the list.

Regarding USA and France, Ted is scared off because there were official warnings against Pacific Tycoon and Davenport Laroche; regarding China and Vietnam, he is smart enough not to create any noise in the local market, so that the police don't pay attention. If a client has British nationality, but live and work in Hong Kong, he'll be taken off the list, because Ted doesn't want him to visit the HK office randomly and finds nobody. In addition, clients are told not to send and receive funds from a US bank account, regardless of his/her nationality. A powerful sales pitch is to tell potential buyers to contact client references; i.e.

those who already invested in Pacific Tycoon and Davenport Laroche, for opinions. In total, there are only 10 client references, who are victims themselves. They are kept happy, receive their returns from this scheme, and they are paid a flat fee each time someone agrees to buy after emailing/talking to them. Another sales tool is to mention that you will receive container ownership certificate, with a container number (BIC code).

Well, you may want to go into this link and check if the last digit is correct: http://www.bic-code.org/calculate-the-check-digit-online.html. A client told me he checked and the last digit doesn’t match, or that further investigation about the correct code shows that the container doesn’t belong to PT. Anyway, I have seen a junior staff printing out a lot fake ownership certificates in the Vietnam office, from a template file. All she needed to do is to insert the details like numbers and owners and then print them out.

Another tool to convince clients of Pacific Tycoon is to mention that it is a member of Hong Kong Shipowners Association and Container Owners Association; and that is is ranked platinum by Dun & Bradstreet. The truth is, it is only listed as an associate member, NOT full member, in HK Shipowners Association and Container Owners Association by paying those websites a fee. The same apply for Dun & Bradstreet website, it paid that website for the platinum ranking thing. On the other hand, one should question why this company is not listed in The Institute of International Container Lessor: http://www.iicl.org/about/members.cfm.

Another way to be extremely cautious is how this company is created: _Parent company Moritzclear Research S.A. was incorporated in Belize _Pacific Tycoon and Davenport Laroche registered in Hong Kong, contracts with clients under Singapore law _The bank to receive clients’ money is in Taiwan _Website registered in The Philippines: http://www.showsiteinfo.us/sites/pacifictycoon.com (scroll down to About Site, click on the tab Whois) In Vietnam, Pacific Tycoon and Davenport Laroche advertises job vacancies under various fictitious names (San Severino Holdings, Cloisters House, DataFlow, etc.), since the company itself doesn't have any business registration, and staffs don't have any real labour contracts with the company. In February 2012, Vietnamese police raided Pacific Tycoon and Davenport Laroche office in district 4, but then were bribed to ignore Pacific Tycoon and Davenport Laroche. I think it was only the poor local policemen who raided, not police at higher level like Economic Police or anything like that.

It is important to note that Ted Mallory has been hiring an IT company to *** and bring down websites with bad publicity about Pacific Tycoon and Davenport Laroche, and he successfully brought down www.absoluteinvestor.co.uk and www.boiler-room.orgs. When it s impossible to bring down a website, Pacific Tycoon lets its lawyer a Mr Robert Cunningham of Paxton- Hall to contact the investment forum requesting comments to be removed, saying it is libel. Thus, many comments about the truth of Pacific Tycoon and Davenport Laroche by ex-employees on, for example, The Motley Fool were removed. My reply to any accusation of threat of liable will be sue me then , to do so they will have to prove in court that what I said is liable, to do so, one Ted Malory will have to give evidence and prove he is who he says he is, and the only argument to disprove the liable is to prove the business is genuine, no of which they can or will do!!

To re-affirm that Pacific Tycoon and Davenport Laroche are a Ponzi Scheme. They will keep perpetrating this scam, praying on the weak and the innocent unless forced to stop by making as many people as aware as possible.

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ID
#1437272 Review #1437272 is a subjective opinion of poster.
Location
Swindon, England
Service
Pacific Tycoon Customer Care
Reason of review
Good customer service
With a current $52k plus investment my return for the month of November was $35 ( US Dollars) Is this a good investment ? make your own mind up people. Nine ( 9) e-mails sent over the last 2-months, no replies from any Pacific Tycoon Staff. 3 - Phone calls made , no...
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3 comments
Demontae
#1800846

You could try to contact Reclaws International (from the States). They will take 10% up front and then charge 10% for what they recover. I am not in any way being recompensed for suggesting this company but you will have to call them and come to your own conclusion.

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ID
#1434933 Review #1434933 is a subjective opinion of poster.
Location
London, England
Service
Pacific Tycoon Shipping Container Investment Service
1.2
Details
I bought shipping containers through Pacific Tycoon - initially 5 new containers (2013) with great returns. They came to me with offers for 6 month old shipping containers with same returns but not the same guarantees the new containers had. I bought these containers...
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1 comment
Anonymous
#1608150

You will never be able to sell them because they don't exist. Don't give them a penny /cent more for ANYTHING. You are throwing good money after bad.

ID
#1399802 Review #1399802 is a subjective opinion of poster.
Location
Chennai, Tamil Nadu
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Have been ripped off
  • Fraud
Reason of review
Poor customer service
Loss
$32000
Preferred solution
Allow me to sell the containers or get the containers earning again