Pacific Tycoon - Don’t buy

1.0
Details
Own 2 containers and had them leased for 3 years where Ive not seen a penny of the profit and now for 2 years Ive been trying to contact them to sell and get my money back and no one responds
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ID
#1777733 Review #1777733 is a subjective opinion of poster.
Location
Florence, Tuscany
Service
Pacific Tycoon Shipping Container Investment Service

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Verified Reviewer

Pacific Tycoon - Do not Invest

1.0
Details

Update by user Feb 19

As of today, still have not heard from them.

Original review posted by user Jan 20

I had invested USD 80,000 in this company. Initially, the small return has been credited in the account but then these returns reduced to almost zero. In December 2019 we have raised buyback request on which carl ye responded that they will sell the containers. after that, there is no response from them. I have been sending emails and calling on their contact no. but no response. I am looking for a solution now. If anybody can help please let me know. Thank you
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ID
#1766678 Review #1766678 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Do not reply to my emails
  • Will not return our money
  • Money gone
Reason of review
Problems with payment
Loss
$80
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

Pacific Tycoon - Do not Invest

1.0
Details
My uncle had invested USD 80,000 in this company. Initially, small return have been credited in the account but then these returns reduced to almost zero. In December 2019 we have raised buyback request on which carl ye responded that they will sell the containers. after that, there is no response from them. We have been sending emails and calling on their contact no. but no response. I am looking for a solution now. If anybody can help please let me know. Thank you
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ID
#1766676 Review #1766676 is a subjective opinion of poster.
Location
Lahore, Punjab Province
Service
Pacific Tycoon Shipping Container Investment 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
2.4
Details
I purchased several containers about 5 years ago and the returns went gangbusters for a couple of years. The returns reduced and it was suggested to me to sell them and buy some second hand containers plus a couple more. When I did this, the returns increased again,...
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1 comment
Nickolaus
#1821929

I am in the same situation as all your other reviewers. My investment totals $45000.

No return for 3 years. Contract out as of October 19.

Been trying to contact and sell containers for last 2 years. Any help would be appreciated.

ID
#1737757 Review #1737757 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Pros
  • Initial returns
Cons
  • Being ripped off
Reason of review
Not as described/ advertised
Loss
$60000
Preferred solution
Full refund

Update by user Oct 21, 2019

I continue to email Carl Ye at Pacific Tycoon with no response which is so frustrating all I want is to get my money back

Original review posted by user Sep 21, 2019

My father invested in Pacific Tycoon and since his death I have been trying to get Pacific Tycoon to buy back the containers with no success. Just...
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ID
#1659914 Review #1659914 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Reason of review
Problems with payment
Loss
$16400
Preferred solution
Full refund

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 have a friend who invested much more and is still hoping to recover her investment. She has several contracts new and used containers I also tried to join the FaceBook Pacific Tycoon Investment Forum in 2017 with no response They still have 175 members. Seems...
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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 Reviews

  1. 46 reviews
  2. 6 reviews
  3. 2 reviews
  4. 1 review
  5. 4 reviews
Pacific Tycoon reviews
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

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 purchased 20 containers from pacific Tycoon. 1 year the return was good.After that there was a big decline.The people you talk to PT tell so much lies. They respond to e mails or follow up with the phone conversation.Iam unable to get my initial investment , 3 years...
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3 comments
Anonymous
#1634587

I am planning to proceed with legal action against Pacific Tycoon in both Singapore and Hong Kong. If you wish to join then please contact me on rawhite54@yahoo.com

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ID
#1399208 Review #1399208 is a subjective opinion of poster.
Location
Gosford, New South Wales
Service
Pacific Tycoon Shipping Container Investment Service
Reason of review
Poor customer service
Loss
$70000
Preferred solution
Full refund
Is this is a real business or a scam Ponzi or other wise? I'll answer this a bit later. What you need to appreciate is they control the whole game and can do this because they put one of their own companies between you and the final renter. Firstly skimming off more...
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ID
#1392098 Review #1392098 is a subjective opinion of poster.
Location
Leszno, Wielkopolskie
Service
Pacific Tycoon Shipping Container Investment Service
Reason of review
Problems with payment
Loss
$900000
Preferred solution
Company to honour their agreement
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
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