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Verified Reviewer

Pacific Tycoon - Scam Company

1.0
Details
Was given a contract to buy 32 shipping containers, these were to be shipped from South America to China ( Hong Kong) and would be sold through Pacific Tycoon for profit, the estimated time for the containers to reach Hong Kong was 7-months, now 42-months later no containers, no money and PT have never offered any reasons and refuse to contact you , legal action is underway. Other investors have been treated the same way, it is a scam from day one, Ted Mallory and Gregory Canaris are directors, don't touch this company.

User's recommendation: Do not touch this company.

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ID
#2172367 Review #2172367 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Cons
  • Ponzi scam
Loss
$23000
Preferred solution
Full refund

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Verified Reviewer
Verified Buyer

This review is written by an individual who has purchased the reviewed product/service and/or confirms being a paying customer of this company. Check our FAQ

Pacific Tycoon - Still in operation and scaming investors

1.0
Details
Pacific Tycoon - Still in operation and scaming investors
Update by user Aug 23

After more than 3-years this company still ignore communications and money taken under false presences. SCAM

Update by user Aug 23

Do not respond to your communications.

Original review posted by user Aug 23
I purchased 22- containers ( £15k) through PT 3-years ago to be shipped from South America to Hong Kong where PT would sell them for me for profit .......to date no containers.....no money.... no reason from PT to the issue .... just a scam from day one, if you hear from a Ted Mallory or a Gregory Canaris..run in the opposite direction !;

User's recommendation: Dont touch !!!!

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ID
#2131295 Review #2131295 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Pros
  • Absolute zero
Cons
  • Have been ripped off
  • Fraud
  • Do not reply to my emails
Loss
$20000
Preferred solution
Full refund

Pacific Tycoon - Not Happy

1.0
Details
Total con. Be wary of these crooks Jack, Ivy and company are dishonest people.

User's recommendation: Do your research first.

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ID
#2072822 Review #2072822 is a subjective opinion of poster.
Service
Pacific Tycoon Shipping Container Investment Service
Pros
  • Nil
Cons
  • Being ripped off
  • Ripped off
Preferred solution
Full refund

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

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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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2 comments
Niang
#1851191

I joined Pacific Tycoon in March 2016. For the first year, I received just over £100 p/m returns.

Then suddenly I received a letter announcing that because of the Panama scandal all investors will be scrutinized in order to determine if they should get their 12% or 30% retains. One bad and confusing news followed another, and before you knew it returns have reduced from $121 to $1.45 per month. Now the excuse is that to remit less than $50 p/m will cost far too much, and so makes it inefficient. But I continue to get the monthly invoice saying I've earned $1.45.

It doesn't require an Einstein to realize that at that monthly rate of $1.45, I can forget about any payment before 2030. I am so angry at the way PT has treated me, and customers in general. I am sure many of the scammed will agree that one way PT can be brought to justice is to take them all to Paris, France and introduce them to little device known to the world as a ''guillotine''.

That's justice for Pacific Tycoon Group and those who run it. And oh, last but not least, PT should repay in full what I paid them for five shipping containers, or return the 5 containers to moi.

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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

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Verified Reviewer

Pacific Tycoon - Fighting Back

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 like many other investors I have emailed with no response from the buy back team. I then resort to calling the Pacific Tycoon buy back team at expense to myself and I just feel that I am being given the run around. Being so frustrated I have sent an email to ilt@adm.icac.org.hk (Independent Commission Against Corruption) whether they will be of help anything is worth a go. Today I received an email from them asking me to call them on 0085225266366 to discuss the matter. It is a 24 hours hotline. Maybe it will help our case if more investors report this issue to the above email address and telephone number
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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

Pacific Tycoon Reviews

  1. 51 reviews
  2. 6 reviews
  3. 2 reviews
  4. 1 review
  5. 4 reviews
Pacific Tycoon reviews
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
  • When they take all of your money
  • Forever
  • Have been ripped off
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 - No Change, no money , no communication.

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 answer. Is this the action of an honest, professional company ? make your own mind up people. £15K ( pounds sterling) plus, invested some 23-months ago for containers to be sold for profit , estimated delivery date from South America to China / Hong Kong was 7-months , to-date no containers, no income, no offer of anything with no idea where these containers are, no reply from Pacific Tycoon. Please make your own minds up about the intentions of this company.
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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.

Anonymous
#1621633

I purchased around 20 containers over 3 years ago. My three year lease agreement expired in June last year and I wanted the company to buy them back from me as per the contract.

Since then I have heard nothing I have sent them emails but they ignore them. I also purchased four additional containers that Ted Mallory said would be sold when they reached a certain destination.

Have heard nothing about these either. My monthly rental is negligable

Demontae
#1622566
@PissedConsumer1621633

I too have asked for my money back and they said it would take about a year, I must say I was disappointed. They don't usually reply to e-mails that well but I have always got through on the phone and on the plus side they are always helpful and courteous and assure me that I will be repaid eventually. Jack Lambert has always been particularly helpful.

View more comments (2)
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
  • Fraud
  • Have been ripped off
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