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This is absolutely true. I initially thought of buying 6 containers looking at their website luckily I brought one container. The payments were very cheating from the first month itself. By that time, I was too late. It has been 3 years. For the cost of 1 container...
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1.0
I didn't like
  • Lies
  • Fraud
  • Scam
#1026797
Reply to reviews
Pacific Tycoon - Fraud!!
Hello there I have four containers with Pacific, and since July last year (2016), I have received no funds. I was promised the usual, i.e., we are redistributing containers and need new contracts and was promised re-establishment again in Jan 2017 as containers were...
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I didn't like
  • Fraud
  • Thieves
  • Shocking
#1016115
Reply to reviews
I have just read a stack of people reviews and it certainly makes me feel extremely uneasy. I am an investor as well and we are trying to sell our containers through the buy back scheme and they have just stopped replying to our emails and I cant seem to reach them via...
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Anonymous
Oxygenated

I would like to recommend that all of the people who have been defrauded by the Pacific Tycoon Ponzi SCAM join the "Pacific Tycoon Investors Forum" Facebook group. There are ...

Anonymous
VIkki

I have had 10 containers for over 3 years. My payments are nearly $0 every month. I do get occasional statements but that's it. Been trying to sell them since November. Be...

#1014002
Reply to reviews

Short Review for January 03, 2017, Pc_payment

#984406
1.0
Pacific Tycoon done a sell back deal with me for 5 no containers. I got paid for 4 no and after months have had no response about the 5th. Now my home is at risk and they dont even acknowledge my email. Dismayed Sean
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Pacific Tycoon Shipping Container Investment Review

#945955
Problems seem resolved now. I am being paid regularly.
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Pacific Tycoon Investment Service Review

#913613
4.8
Brilliant service, always pay me, slight delays in last couple of months, overall-good
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Pacific Tycoon Investment Service Review

#899508
1.2
No payments since April 2016, sent them numerous emails but still unpaid and plenty of excuses , last night it was the crash in the Chinese stock market??? Something is going very wrong with Oacific Tycoon and I feel we have lost our money!
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I bought 5 containers with PT and at the beginning the returns were very good even up to over 18% or so but now the returns have dropped to less than 2%. However they always answer any queries I have and that promptly and actually they have not broken any contract...
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Anonymous
Anonymous

From what I have read from other people you are stuck in a Pyramid Scheme -

#1013255
Reply to reviews
"Global Container Exchange Pty Ltd "are they one of the same Pacific Tycoon? Smooth talking middle aged gentleman? Who explains the full details of the great container of high quality suitable to furninto a modular home " Global Container Exchange " based in Melbourne?...
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I didn't like
  • Being ripped off
#1005230
Reply to reviews
I was had! It is sad that theses people exist. I know they will get their Karmic punishment. It usually comes in the form of debilitating illness. I am retired and was looking forward to a comfortable retirement, these people and another ATM scam took away my life's...
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Anonymous
Mable

I think these are the same group who scammed people in Australia Going under the name "Global Container Exchange "based in Melbourne?

Anonymous
Anonymous

You don't actually say what happened

Hi Sadiq, I pity you have purchase 5+5+5 containers from this company called Pacific Tycoon. I have purchased one and that was 3 years ago . When I started receiving the returns, I was shocked ! The amount was so meagre, Worse than bank saving account. Then few months...
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Hi Sadiq I do not want to depress you but to help you I cannot withhold the information that this company called Pacific Tycoon is a scam of fittest . I pity you have purchased 5+5+5 containers . You must be crazy. I have purchased one and 3 years ago and when I...
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Anonymous
Sadiq

That's sad news that this is a scam- although it sounded too good to be true in first place so shouldn't have invested. Not sure if we can do anything but would like to fight...

1.4
I liked
  • Worse
I didn't like
  • Excuses
  • Fraud
#997328
Reply to reviews
HI All, I definitely would not recommend anyone to buy from Pacific Tycoon or Davenport Larouche. They are all partner companies and starting several other websites, only to change names of the business. After one year of returns with Pacific Tycoon all payments...
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For one year I received all my payments. Then suddenly in May they stopped to pay the monthly income. After three months they paid me. But then my return on the containers dropped to zero. Ted Mallori from Pacific Tycoon then phoned me and convinced me to sell my...
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andventer
andventer

My issue is still not resolved. This is a scam. Apparently there is a closed facebook group for people ripped of. I have just applied to join them https://web.facebook.com/gro...