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 many other investors have suffered exactly the same issues with returns after the 2-year period being systematically reduce by around 2% per month to a zero return.
In addition, I foolishly invested 17-months ago in 22 -containers to be shipped from South America to China as a Capital investment , these containers to be resold for profit, the agreed time frame for delivery was around 7-months , some 17-months later no containers and very poor response from PT and have no idea where these containers are … if in fact they exist !
PT will lull you into a false sense of security and trust and during this first 2-year period they will try to sell you more and more containers, when wanting to sell your containers they will drag their feet and do nothing, and when they do reply they will say " we can offer market price" this being around $500/- per container ! this is scrap value ! a good second hand 40ft container should be around $ 1,800 - 2,400/- each.
My warning would be … do not invest ! they will systematically take your money off you ….remember the words....PONZI !!
Product or Service Mentioned: Pacific Tycoon Shipping Container Investment Service.
Reason of review: Not as described/ advertised.
Monetary Loss: $40000.
Preferred solution: Total refund of the South America contact investment money as Pacific Tycoon have severely defaulted.
Pacific Tycoon Cons: Scam.