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Is Pacific Tycoon a Scam?

Updated on April 21, 2016

Joined: 6 years agoFollowers: 495Articles: 73

One day, I was surfing the net looking for a hot new investment opportunity – a place to park a few thousand dollars and earn more money than I’d get in a term deposit or a savings account. I came across the website of a company called Pacific Tycoon.

The idea behind it is that you enter a booming industry by leasing high yield shipping containers to industries in Asia and elsewhere tax free. You buy the shipping container for USD $4100 and Pacific Tycoon organises transport of the container around in order for people to lease it. You can earn 12% of the container purchase price per year. The container belongs to you and has an individual number plate for tracking. It is registered in your name and is insured and you can sell your containers at any time.

Sounds really good doesn’t it? Shipping containers can last a long time (eg 20+ years), so you would effectively be earning $9840 (more than double) your initial investment over 20 years while holding insurance and some sort of asset equity. The idea is to build up a shipping container empire and rake it in! I was all set to go and was pretty revved, but had to check a few more facts first. What I found was quite surprising…

Pacific Tycoon's new logo.
Pacific Tycoon's new logo.

Scam Alert

Of course, the first thing I did in January 2013 was Google “Pacific Tycoon scam” and up came 30+ search results, from Facebook accounts to forum posts, where some very strange things were mentioned.

Upon revisiting the same search again in September 2014, there seems to have been a number of remarkable changes made by Pacific Tycoon in response to the questions posed in the original search results for "scam".

For a start, there are far less of the original "scam" results featuring in Google search now, and the extensive Facebook page devoted to the nuts and bolts of the alleged PT scam (with photos of CEO Ted Mallory and the pretendy office) has been shut down. These have been replaced with company spin and infomercial articles on various different blogs and forums, which are usually the tactics employed for reputation management.

One of the exciting photo stream photos from PT's website, showing off how confident you should be investing $4100 because they have a photo of an office with a desk in it.
One of the exciting photo stream photos from PT's website, showing off how confident you should be investing $4100 because they have a photo of an office with a desk in it.
A printscreen of the old price in the video. Is the marketing team only comprised of one person? Or has no one noticed (in such a large company) that the biggest selling factor on the website is incorrect?
A printscreen of the old price in the video. Is the marketing team only comprised of one person? Or has no one noticed (in such a large company) that the biggest selling factor on the website is incorrect?
Patrick Thorp found "peace of mind" by providing a testimonial for PT though he has does not have ANY internet history, according to a Google search. He must have been born with it!
Patrick Thorp found "peace of mind" by providing a testimonial for PT though he has does not have ANY internet history, according to a Google search. He must have been born with it!
Printscreen of the price on the "Your Lease" page.
Printscreen of the price on the "Your Lease" page.

PT Website Changes

The logo has changed and the company has added some new credentials. There's also a new additional video ("Client Testimonials" and a photo stream has been added to the website. The impressive looking original video ("A Bit More About Us") has remained and is probably their best advertisement, though full of general industry-selling statements.

In the "A Bit More About Us" video, it states the cost to begin as $3900 USD, when the price is now $4100 USD, according to the "Your Lease" page. Obviously, whoever edited the original video to put in the new logo was not paying attention...and neither was anyone else, as this video is 10 months old, according to the date on Vimeo.

The new video, "Client Testimonials" has the correct price in it and revolves around a “Patrick Thorp” who strangely has no online profile (there is no Patrick Thorp anywhere in the world, according to Google), and a Mr David Waterhouse-Taylor, a company director from Bulgaria with 2 inactive companies and no active one. David Waterhouse-Taylor could also be a Suffolk native, according to Google search or someone who once posted an amazon review for men’s shoes. Or maybe he’s all the same person.

Mr Mohandas Gunasaram has a nursing home named after him, though he might have climbed out of the grave to write a testimonial for Pacific Tycoon in 2013. Two testimonials actually make sense and may actually be real people on LinkedIn, though I didn't bother contacting them to find out more. All testimonials are geared towards saying that the clients were satisfied with the communication of the team and that they all received payments quickly.

The Client Testimonials Video

Only 61% of customers thought that the overall quality of investment in PT was excellent, according to the company's own diagram on its "Client Testimonials" video.
Only 61% of customers thought that the overall quality of investment in PT was excellent, according to the company's own diagram on its "Client Testimonials" video.
57% of clients didn't think their return on investment was excellent.  This is weird, considering it is supposed to be stable and retains equity as well as paying a monthly dividend to the client.
57% of clients didn't think their return on investment was excellent. This is weird, considering it is supposed to be stable and retains equity as well as paying a monthly dividend to the client.

The Customer Dissatisfaction Diagram

The Customer Satisfaction Diagram on the original site is now part of the "Client Testimonials" video. This was what first alerted me to the fact that all was not right with this investment opportunity (then later I found out the other stuff).

The customer service diagram shows that a clear 61% of customers rated the "overall quality of investment" as excellent, and were reaping the rewards. But I was shocked to see that only 43% of customers were happy with their level of returns and only 81% were happy with their payments. These figures have not changed from one year ago.

I just cannot understand the discrepancy – if it is as good as it seems, why aren’t 99.9% of customers satisfied with all parts? Or if some people had gotten their knickers in a knot over some small fees, why did 57% of customers rate their ROI as less than excellent?

I think it’s given me even more pause as to why a company would continue to publish this diagram with such controversial feedback in the first place.

Pacific Tycoon apparently employs 168 global professionals and 70 employees. So why is this the best office/employee photo that they can present to the public to help sell them on investing with the company?
Pacific Tycoon apparently employs 168 global professionals and 70 employees. So why is this the best office/employee photo that they can present to the public to help sell them on investing with the company?
More employees. Hey wait, it's the same as the other photo, only taken at a different angle! Considering PT cares so much about its web presence, its Adwords campaigns and company videos, you think they'd be more original with their employee photos.
More employees. Hey wait, it's the same as the other photo, only taken at a different angle! Considering PT cares so much about its web presence, its Adwords campaigns and company videos, you think they'd be more original with their employee photos.
OK, so here is proof that PT employs 168 professionals globally (hey, it's in their video!)
OK, so here is proof that PT employs 168 professionals globally (hey, it's in their video!)
Here is also proof that they manage over 400,000 containers, according to the video on their website.
Here is also proof that they manage over 400,000 containers, according to the video on their website.
A screenshot from the Client Testimonial video from the PT website.
A screenshot from the Client Testimonial video from the PT website.
PT has an international container leasing client base of 7,200 container owners, according to their website.
PT has an international container leasing client base of 7,200 container owners, according to their website.

One Dedicated 24/7 Account Director Per Client

OK, so Pacific Tycoon boasts “a dedicated 24/7 account director per client” who “assume all container operational duties” and "service your account in...all key international markets".

PT admits to having 70 employees (according to the Dun & Bradstreet Credibility Corp Report - see below) and over 400,000 containers. So let’s assume, as an average, each client has 10 containers (though that's optimistic at best, at $41,000 for 10).

400,000 containers / 10 = 40,000 customers

40,000 customers / 70 employees = 571 customers per employee. Does that sound reasonable for account directors assuming all container operations duties (ie organising moving containers around, leasing and selling them)?

Even if all of Pacific Tycoon’s staff (including the global contractors) were not involved in anything else but customer service, then:

40,000 customers / 168 global professionals = 238 customers per employee.

But wait, there’s more. Apparently there are only 7,200 container owners, according to PT's website. So this means that, if every person in the company was a customer service rep, there would be over 43 customers per employee and growing. And each client would own, on average, about 55 containers each (valued at $225,500 per person).

That is 43 customers that need paperwork organising and regular transportation of containers. So if we get rid of the CEO, the videographer, the web developer and the miscellaneous amount of telemarketers, then each employee is going to be kept rather busy.

What are your thoughts on this?

The "A Bit More About Us" Video

Website Accreditation Badges

Printscreen of the "accreditation" logos on the PT website.
Printscreen of the "accreditation" logos on the PT website.

Company Credentials

There were no credentials on the original website when I viewed it in early 2013, but today there is. Pacific Tycoon is apparently a “Member of the Hong Kong Shipowners Association” (though they do not own or manage any ships to my knowledge) and a “Member of The International Association of Ports and Harbors (IAPH)” as well as being a credible corporation as rated by Dun & Bradstreet. If you click on the links in the footer on the PT website, it takes you to pages showing their membership.

Hong Kong Shipowners Association

The Hong Kong Shipowners Association has the purpose of “creating a forum for shipowners resident in Hong Kong” and welcomes “resident companies supplying services to the shipping industry”. They like to talk about marine equipment, ship managers, ship repairers, maritime laws and ship brokers. To gain membership, the requirements are that you must be a business registered with the government in Hong Kong, connected with shipping.

Search results for a business registration for Pacific Tycoon on the Hong Kong government website.
Search results for a business registration for Pacific Tycoon on the Hong Kong government website.
Printscreen of a PT video from their website. Apparently, they were operating in 2003, but didn't get round to registering with the Hong Kong government until 2011.
Printscreen of a PT video from their website. Apparently, they were operating in 2003, but didn't get round to registering with the Hong Kong government until 2011.

Business Registration With The Hong Kong Government

To register a business in Hong Kong, if you are not a sole proprietor or partnership, you must register within one month of business commencement. Pacific Tycoon may have done this, though not sure of their timeframe. For a start, you need to provide details of an eTAX account and make a payment – this means you would pay tax after registering.

Within the government Hong Kong database, they are listed as registering on 3 June 2011. Yet, their Dun & Bradstreet Credibility Report states that Pacific Tycoon has “been in the business of Shipping Container Leasing since 2003”. There is also a print screen (right) of a video from PT stating profit margins for clients since 2003.

International Association of Ports and Harbours

The IAPH membership for PT was established in April 2013, noticeably after some forum comments about PT not being an official member of any organisation. It seems that to join the IAPH, all you need to do is provide contact details, estimate how many tonnes are handled in order to calculate your own membership fee, nominate a port, pay and join. There doesn’t appear to be any other checks required by the organisation for membership.

The Dun & Bradstreet Credibility Corp, where it states that the company was supposedly established in 2003. The address and phone number are unverified.
The Dun & Bradstreet Credibility Corp, where it states that the company was supposedly established in 2003. The address and phone number are unverified.

Dun & Bradstreet Credibility Corp

The Dun & Bradstreet Credibility Corp report shows that the annual revenue for "managing well over 400,000 containers" is not known and that there are 70 employees. Since it also says that Pacific Tycoon has “been in the business of Shipping Container Leasing since 2003” I am curious as to why the business was registered with the government of Hong Kong on 3 June 2011. Does this mean they weren’t paying tax for 8 years? Shame, shame.

On the same page, Dun & Bradstreet state that Pacific Tycoon has been in business less than 4 years. Dun & Bradstreet advocate ”claim[ing] your profile” by getting a “D&B® Credibility Review™” to “enhance your online presence and credibility”, along with getting a “trusted D&B Credibility Badge on your website that links directly to your directory profile”.

Of course, registration is tax deductible and you get to add a description, logo, photos, videos and more. Kinda like an online telephone book listing that any business can register for as long as they’re prepared to pay. Seriously, how many real shipping companies need to have the Dun & Bradstreet credibility logo on their website to be considered “credible”?

One of the photos from the photo stream on the PT website.
One of the photos from the photo stream on the PT website.
Zooming in on the BIC code.
Zooming in on the BIC code.
Another photo of a container with BIC code MZCU2849034 which also had "no code for this request" on the BIC website.
Another photo of a container with BIC code MZCU2849034 which also had "no code for this request" on the BIC website.
Report for BIC code MZCU4057216 at the Bureau International des Containers et du Transport Intermodal website.
Report for BIC code MZCU4057216 at the Bureau International des Containers et du Transport Intermodal website.

BIC Codes

In one of the photos published on PT's photo stream on its website, there is a photo of a shipping container with the Pacific Tycoon logo on it. This looks rather realistic. The shipping container has a BIC code, which is comprised of:

  • an owner/operator code of 3 letters,
  • a fourth letter used as equiment identifier
  • a serial number of 6 Arabic numerals
  • a seventh digit (check digit) providing a means of validating the recording and/or transmission accuracy of the data.
    Example (theoretical- for a container): BICU 123456 5

This information was obtained from the Bureau International des Containers et du Transport Intermodal website. Its "mandate under the ISO and the WCO [is] to allocate and protect the ISO alpha code for the identification of containers in international trade".

The BIC code in the photo from PT is: MZCU4057216

When I enter it on the BIC website under "Registered Codes" page, I get "no code for this request". The same result is also obtained by searching for the BIC code: MZCU2849034 as per one of the other photo stream photos.

On the Pacific Tycoon website, in the FAQ section:

"Pacific Tycoon will not notify you of the whereabouts of your containers unless you specifically ask us. The deployment and use of your containers is a professional issue that requires day to day tracking."

Why wouldn't PT allow customers to type in a BIC code into one of the online databases (free to the public) to find out where their containers are 24/7?

An empty boardroom inspires much confidence in the company. This photo is from PT's photo stream.
An empty boardroom inspires much confidence in the company. This photo is from PT's photo stream.
The photo stream on the Pacific Tycoon website.
The photo stream on the Pacific Tycoon website.
Pacific Tycoon is so big, it even has 2 employees on LinkedIn!
Pacific Tycoon is so big, it even has 2 employees on LinkedIn!

Pacific Tycoon UK

If you need more convincing, check out Pacific Tycoon's UK website. Click on the "Container Owner's Association" badge on the top right and do a search for Pacific Tycoon. That's right, they're not listed in there at the time of writing this article (23/09/2014).

Website Photo Stream

In a bid to alleviate buyer concerns on scam forums about offices being rented temporarily to impress and meet with buyers (though this is a normal Asian business practice), Pacific Tycoon have published a photostream of just 12 photos on their website.

I’m not quite sure why a legitimate company would have a photostream showing multiple photos of one busy and one vacant office, a blank boardroom and a couple of shipping containers with bad BIC codes, but Pacific Tycoon really, really wants to emphasise the point that they have normal looking, populated offices for their business. They also wanted to show that they have a new logo sign on the wall. This was not on the old website, as a photostream did not exist on that site, though some entrepreneurial Facebookers got hold of some of the real office pics, which I have seen and which are now not available because the Facebook page closed, oh yes!

It is normal for Chinese companies to quickly rent office space to seal a deal, but it’s not normal to have multiple photos of it on a website for a "well established container leasing company", just to prove a point, even to Westerners. If the deal is really that good, word of mouth would suffice in providing squillions of new customers, without the need to respond to scam accusations in website forums by publishing a photostream on your website.

A divine, prominently placed photo of the huge investment of PT in a new sign for the office in 2013. Inspires so much confidence in their balance sheets, doesn't it?
A divine, prominently placed photo of the huge investment of PT in a new sign for the office in 2013. Inspires so much confidence in their balance sheets, doesn't it?
It's such a convincing and impartial review when the company feels the need to repeat the client testimonial in their pinning commentary.
It's such a convincing and impartial review when the company feels the need to repeat the client testimonial in their pinning commentary.
Another unconvincing client testimonial from god-knows-where.
Another unconvincing client testimonial from god-knows-where.
The Facebook post where PT tells Richard that it bought its own shipping containers, which were a good investment. It's beginning to smell like an online reputation management company...
The Facebook post where PT tells Richard that it bought its own shipping containers, which were a good investment. It's beginning to smell like an online reputation management company...

The Pinterest Page

I’m not sure what PT is playing at, but they even felt the need to start a brand spanking new Pinterest page, featuring “shipping quotes”. Now, what serious Chinese shipping company has to have its own Pinterest page on shipping quotes? That’s right – none, unless you are trying to manage a bad reputation and require backlinks to blogs saying you are brilliant, etc.

Apparently, they just started pinning one year ago (September 2013). Not many of the pins are original photos, they are all just pinned from elsewhere, apart from the company logo, some weirdo client testimonials and the photo stream pics from one year ago.

PT even had to comment on their own photos of their own client testimonials in a positive, but repetitive manner to drive their point home! Strangely, there are only 4 testimonials, 2 from one anonymous website, and 2 from another. Puts a lot of confidence into investing with them, doesn’t it?

Even funnier, under their “Shipping Industry Leaders” Pinterest page, PT could only boast of about 3 other companies not in direct competition with them, but couldn’t blow their own horn, even though they are apparently “leaders in container leasing” and blew their own horn with client testimonials and the confident videos on their website. Considering there are a few hundred Pinterest pins, I found it strange they didn’t blow their own horn more on Pinterest where it mattered (now watch for new pins appearing next year where they take my advice and blow a horn).

Not surprisingly, while the old “scam alert” articles are disappearing from the web, there are now some lovely new brief blog posts on related forums persuading potential investors that PT is a great company. Hmmm, smells like a newly hired reputation management company to me, now that the front page of Google has all these lovely reviews and PT personally took the time to convince Richard Giuliano on Facebook that they bought their own containers! Such unbiased advice!

A highly unconvincing Pinterest page full of Shipping Quotes from erm....just about anywhere. How many serious shipping companies do this to attract customers? Note that the PT Pinterest page link is sadly absent from their website...
A highly unconvincing Pinterest page full of Shipping Quotes from erm....just about anywhere. How many serious shipping companies do this to attract customers? Note that the PT Pinterest page link is sadly absent from their website...
Ted Mallory, CEO of Pacific Tycoon. Hard to believe, isn't it? You should have seen the old photos of the dirty, 50+, flip flop wearing CEO - but they were mysteriously erased from the web within the past year...
Ted Mallory, CEO of Pacific Tycoon. Hard to believe, isn't it? You should have seen the old photos of the dirty, 50+, flip flop wearing CEO - but they were mysteriously erased from the web within the past year...

Ripoff Report

According to an article on Ripoff Report, “.....A powerful sales pitch is to tell potential buyers to contact client references; i.e. those who already invested in PT, 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.

It is important to note that Ted Mallory has been hiring an IT company to *** and bring down websites with bad publicity about PT, and he successfully brought down www.absoluteinvestor.co.uk and www.boiler-room.orgs. At the moment this comment was written, www.absoluteinvestor.co.uk is up again but the discussion thread about PT being scam is still inaccessible, while www.boiler-room.orgs is still down.

When it’s impossible to bring down a website, PT lets its lawyer to contact the investment forum requesting comments to be removed, saying it is libel. Thus, many comments about the truth of PT by ex-employees on, for example, The Motley Fool were removed.”

> Read the full article here

The Scam Alert Forum Posts & Articles

OMG, there are quite a few of these and they are quite complex. I did a Google search for “Pacific Tycoon scam” to find out all the gossip.

One of them that I clicked at random stated that it was a Ponzi scheme based out of Saigon, Vietnam (hence the need for PT to have the question “Why are the terms Ponzi and red alert associated with shipping container leasing?” in the FAQ on the Pacific Tycoon website).

PT’s answer to the question says “Pacific Tycoon fields such industry slurs openly and transparently, hosting their retrospective performance data here: (links to PT website home page) and client testimonials here: (links to "Who We Are" page).

Well, all I can say is that anyone can come up with a few happy client testimonials on their website and can put whatever performance data they want when that performance data revolves around “Pacific Tycoon specialises in high yield container leasing, a booming industry that is demand led and propelled by 90% of world trade figure. Embedded amongst the growth engines of China and the East, we secure returns that are superior to top competitor indices year in year out. Watch our videos below to understand more” and the videos are full of fluff and no concrete client testimonials.

Ted Mallory is a strange CEO. I have a photo of him (right) that was originally published, along with some others on the now-defunct Facebook page.

Not only does he allow bogan photos of himself to be let loose on the internet (there used to be about 15 of them), but he personally responds as CEO to all customer complaints, according to an old forum post that was there in January 2013 but no longer is in evidence. I mean, he’s the CEO of a busy company with 400,000 shipping containers! What was he doing, personally responding to client phone calls in 2012-2013?

Recipe for success: Buy one shipping container. Put your latest, newest logo on it. Photograph a crap photo of it. Then post it on your website to convince everyone that everything is OK!
Recipe for success: Buy one shipping container. Put your latest, newest logo on it. Photograph a crap photo of it. Then post it on your website to convince everyone that everything is OK!

Vote Now!

Would you invest in shipping containers with Pacific Tycoon based on this information?

  • 17% Yes
  • 66% No
  • 16% Don't Know
413 people have voted in this poll.
Kerry Williamson on LinkedIn was not sure about purchasing some of Pacific Tycoon's shipping containers.
Kerry Williamson on LinkedIn was not sure about purchasing some of Pacific Tycoon's shipping containers.
Here is a little bad press from Tamara on Tom Winnifrith's blog. She didn't get ripped off...but she didn't even get to invest, either.
Here is a little bad press from Tamara on Tom Winnifrith's blog. She didn't get ripped off...but she didn't even get to invest, either.

Conclusion

I’m just an Aussie blogger. I am not affiliated with Pacific Tycoon in any way, nor have I purchased any shipping containers from them. I don't know Ted Mallory in any capacity whatsoever. I may be completely wrong about this company and you may think I have it in for them. However, in my experience, if there’s more than one forum post asking if a company is a scam, it probably is one and it pays to dig a bit before putting up your hard earned cash.

Not surprisingly, while the old “scam alert” articles for PT are busy disappearing rapidly from the web, there are now some lovely new brief blog posts on related forums persuading potential investors that PT is a great company and "The only thing that was for certain was that there was ABSOLUTELY NOBODY who had ever been ripped-off by Pacific Tycoon." (according to Benjamin Miller - see links below for real life examples of ripped off people).

Hmmm, smells like a newly hired reputation management company to me.

I have known quite a few scam companies in my time, and these kind of businesses respond to all forum accusations to alleviate buyer concerns instead of appearing to get on with their business, as well as providing legitimate reasons for people to question the company in the first place.

Forgive me if I am a little harsh in my investigative and opinionated analysis, but I want to share what I learned about this company on one page and present to readers who are sceptical what I thought about this company. Remember, it's not defamation or libel if it's true or even thought logically to be true. You, of course, are free to make up your own mind.

More Information

If you'd like to find out more about Pacific Tycoon and why it might be a bad investment, check out these websites.

1. All sorts of good information about PT in the comments on Tom Winnifrith's blog:
http://tomwinnifrith.com/articles/2675/pacific-tycoon-investor-red-alert

3. Kerry Williamson has questions about PT on LinkedIn:
http://www.linkedin.com/groups/So-Pacific-Tycoon-safe-scam-4665788.S.173852843

4. Inside information on PT:
http://pacific-tycoon.pissedconsumer.com/pacific-tycoon-the-truth-about-this-ponzi-scam-20130920448189.html

5. Another PT forum:
http://forum.bodybuilding.com/showthread.php?t=159289591

6. Person enquiring about PT:
http://www.getrichslowly.org/forum/viewtopic.php?f=2&t=63101

7. A fraud investigators blog post about PT:
http://lyndsaywilliams.blogspot.com.au/2013/08/technology-fraud-and-other.html

8. Article from the Sunday Star Times:
http://www.stuff.co.nz/business/money/6838528/Investment-contains-unknowns

9. Department of Commerce WA Article:
http://www.scamnet.wa.gov.au/scamnet/Types_Of_Scams-Investment_Scams_and_Gambling_Systems-Sea_container_investment_schemes.htm

© 2014 Suzanne Day

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    • Jodah profile image

      John Hansen 2 years ago from Queensland Australia

      Thanks for sharing Suzanne, you certainly researched this extensively. I t would have sounded like a promising business at the start but the photos and stats don't add up. I won't be investing and promoting this company, sorry.

    • billybuc profile image

      Bill Holland 2 years ago from Olympia, WA

      Excellent research and information. Investors would do well to heed your advice on this one. Nicely done, Suzanne!

    • goatfury profile image

      Andrew Smith 2 years ago from Richmond, VA

      I'd sooner go to Vegas and put $5000 on black.

    • Suzanne Day profile image
      Author

      Suzanne Day 2 years ago from Melbourne, Victoria, Australia

      Thank you to all for your interesting comments! Yes, I certainly thought it was a bit dodgy after visiting the website and viewing the videos...

    • teaches12345 profile image

      Dianna Mendez 2 years ago

      Your research on this is so extensive! The government would be wise to hire you to watchdog their investments. Well done!

    • Suzanne Day profile image
      Author

      Suzanne Day 2 years ago from Melbourne, Victoria, Australia

      @teaches, maybe I should become a private investigator!

    • ChitrangadaSharan profile image

      Chitrangada Sharan 2 years ago from New Delhi, India

      Wow! What a well researched article. This deserves to be the hub of the day, for the research you have done on this subject.

      It is very informative and educative and I learnt a lot from this information. Certainly others will also benefit.

      Voted up and thanks!

    • AudreyHowitt profile image

      Audrey Howitt 2 years ago from California

      I love how well researched this article is!

    • WriterJanis profile image

      Janis 2 years ago from California

      Thumbs up and useful. It's a good thing you did your research and now that research can help others.

    • DDE profile image

      Devika Primić 2 years ago from Dubrovnik, Croatia

      An informative and very useful hub. You did make the effort to produce this hub.

    • Popularpopper 2 years ago

      The Facebook is defunct but photos about Pacific Tycoon are still online.

      So funny to read photos of their sales cript and yeah, the marketing/sales numbers tell that this involves a huge amount of money

      https://www.flickr.com/photos/102082414@N02/sets/

    • FlourishAnyway profile image

      FlourishAnyway 2 years ago from USA

      I'd rather dig a hole in my back yard and put the money there. I think it would be safer.

    • David 2 years ago

      We have containers with them and always get paid!

    • Jason McKenzie 2 years ago

      I have containers with them also and get paid on the dot.

    • Suzanne Day profile image
      Author

      Suzanne Day 2 years ago from Melbourne, Victoria, Australia

      Thank you to all for your comments. However, I do have to wonder about the comments from the public stating they get paid on the dot. If you do, why are you googling whether it is a scam or not and finding this article? Just wondering....

    • Simon Says - 2 years ago

      I also get paid on the dot (now more than a year having invested) - and examples of persons / people being ripped off at the bottom of your blog does not really point to any real individual who invested and was ripped off.

      With regards the reason for me seeking out your blog -

      I am still looking on the Web to find an actual real investor with PT who has actually being ripped off.

    • 2 years ago

      But I have to wonder... if you are a "real" investor with PT who has never been ripped off, and gets paid on the dot, why bother searching the net for articles like Suzanne's which question whether or not PT is a scam? Would you just sit at home happy with your regular monthly payments? It just seems fishy to me.

      In fact this whole PT business seems fishy.. and if it quacks like a duck, smells like a duck and walks like a duck ... IT'S A DUCK.

      Suzanne thank you for writing this article. Where there's smoke, there's fire and I don't see why a legitimate business would have so much smoke ie talk of ponzi scheme & scams, if there was NO fire behind it.

    • Suzanne Day profile image
      Author

      Suzanne Day 2 years ago from Melbourne, Victoria, Australia

      Thank you to all for your comments. There has been an update on the PT website - the "trade reports" written by PT about general industry news are now more prominent on the front page, presumably to add to their credibility. There also seems to be a Twitter feed where, with only 2 favourites, no real audience interaction and 6711 followers, the reputation management company thinks that tweeting 11,100 posts to a non responsive audience is useful - hmmm so believable (not). I also know where to buy 1000 followers on Twitter for $20 too!

      If it was a legit company, I would say this Twitter feed is over the top and a company who does not know how to interact with an audience at all, instead preferring to bludgeon people to death with boring tweets that pretend to be relevant but aren't. If it's a dodgy company, having lots of tweets would help with getting their website higher ranked and other naysayer websites like my post, ranked lower in Google.

      I have seen more efforts than this to make a scam business seem legit. May I point out that having a blog and a Twitter feed doesn't make a business legitimate - anyone can manipulate social media to make it work for them - as a social media manager myself in the past, I can attest to this.

      It still walks like a duck for me personally...and the huge interest with audience posts on this page suggests it is a duck - would you personally come on here and defend a company you were making money with? Would you bother reading their scam posts at all if you were satisfied with your decision?

    • simon says 2 years ago

      As previously said - I am still looking on the Web to find an actual real investor with PT who has actually being ripped off.

      This brought me to this blog. And to clarify - I had already done due diligence and checked out Tomwinnifrit and such before investing.

      I was unable to find a ripped of PT customer - only found happy customers and spoke to them directly before taking the plunge.

      It would be best to find concrete evidence before going off half cocked on just circumstantial information. Better to find unhappy customers - also best to rate a business based on how customers are treated.

      See - how do the business work if they also take on and manage third party Containers??!! I know of at least one PT customer who transferred containers from another company to PT.

    • old albion profile image

      Graham Lee 2 years ago from Lancashire. England.

      Hi Suzanne. Congratulations on such a first class hub. I did not know of this company but your expose is first class. Content is greatly interesting and photo presentation is spot on. I enjoyed it.

      voted up and all.

      Graham.

    • Suzanne Day profile image
      Author

      Suzanne Day 2 years ago from Melbourne, Victoria, Australia

      @Simon - I'm surprised you found the time and cared so much to come on here on New Year's Eve to respond to my comments. I also find it strange that you don't want to use your real name or verify your online identity if you want to convince people that you are a true blue investor of PT's.

      Everyone's allowed to have an opinion and it is my opinion that the evidence presented above is fairly concrete (missing BIC codes are not circumstantial and neither is all of the information freely available on the company website) and what I present here is much more concrete than your anonymous comment on my post.

      But I guess that's just my opinion...so feel free to keep trying to convince people you're a legit investor and that there is nothing to worry about.

    • Cedric 2 years ago

      Hi.

      I've been following PT for 5 years now, before finally investing. I have two containers and money is coming on time. Invoices and reports seem to be correct. I'm also trying to find someone who has been robbed off by PT. Seriously, when you see what US government can do with the NSA, I won't be confident in any company in the world ultimately. So just measure your risks, invest money you can afford to lose. Otherwise no need to speak about it. If you invest and PT ripps you off, then your testimony is valuable. If you just compile pages and googles and forums etc, that doesn't prove anything. Sometimes a few grams of practise are better than 10 tons of theory! :-)

    • Simon says 2 years ago

      Not trying to convince anyone. And not really one to post comments on the internet because I am usually a very busy hard / working parent.

      Due to seasonal holidays have had some time on my hands and still off work until 5/1/15.

      Every man to his own order and God for us all.

      Just seemed to me that I needed to respond since I have always been paid on time - going on to two years now.

      Also when I started, I spoke to real investors who had already been with the company for in excess of a year already.

    • Suzanne Day profile image
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      Suzanne Day 2 years ago from Melbourne, Victoria, Australia

      Hi Cedric and Simon says, thank you for your valuable feedback. We sure are getting lots of comments on this post lately (though it's funny how investors are coming out of the woodwork all at the same time).

      As I said, each to their own. People can come on here and read our opinions and make up their own minds.

      But as I said, with all the evidence above plus the fact that investors hopping on here to defend PT (which is a bit strange in the internet world - people tend to complain about, rather than defend companies) I will not be investing in PT myself based on a couple of blog comments.

      Good luck to everyone and Happy New Year!

    • Nash 2 years ago

      Just want to comment

      1. if it's a sure thing, the public wont be invited

      2. If its a legitimate company, one wont find them trying so hard

      it stinks, and its a ponzi scheme or a scam. period.

    • Adriaan 2 years ago

      If you doubt in any way that a company can operate for many years appearing legitimate, please read Mr. Bernard Madoff's story. Just because people get paid a promised interest, doesn't make it a sound enterprise in the long run. Off course we might be missing out on the investment of a century but then again you have to wonder why any company would consider such expensive financing - 12-30% per annum!? Maybe they just a generous company and they want to share their wealth with the rest of the world..

    • Muhammad Asad Sardar 23 months ago

      Dear Suzzane.. Thanks or sharing such valuable info...

    • peachpurple profile image

      peachy 23 months ago from Home Sweet Home

      thanks for the information, has any hubbers here really use pacific tycoon?

    • Kejanny profile image

      Kejanny 22 months ago from Port Moresby

      Thank you very much for this very detailed investigation and hub. This information has been of very great help.

    • roger 21 months ago

      invested in pt 2 years ago 50 containers money paid regularly best investement i made so far so for those ringside complainers invest or shut up you don't know what you are talking about,

    • Suzanne Day profile image
      Author

      Suzanne Day 21 months ago from Melbourne, Victoria, Australia

      Excuse me, but I'm not going to shut up and invest as you suggest Roger, due to the fact that there are too many dodgy elements here and I have free will over my own investments, thank you very much....

    • Mr John Kickit 21 months ago

      Hi guys I discovered 2 things that were alarming about Pacific Tycoon

      I came across a business sales site that had Pacific Tycoon for sale at $20,500. Johnston Business Sales Ref 1478590 The company selling the business is based in Benowa which I believe is on the gold coast. Seems a bit cheap for a business that should be turning over millions of dollars if they are taking 70% of the revenue generated by container sales considering they have over 400,000 of em!

      The other alarming thing is they have an office listed in Brisbane 1/747 Lytton Rd Murrarie to which I paid a surprise visit. Thought I might meet Daniel Blake in person and get an idea of the credibility and workings of the company.

      No one there but a receptionist (that may or may not have been named Amy, who said she normally works out of other offices) that gave me the impression that it was a virtual office, meaning they have a receptionist that fields information for multiple companies that are working out of that building. Hasn't inspired confidence and as you say Suzanne any testimonials from clients i feel would be a PR exercise.

      I was really excited about the possibilities with this company, but alas too many dodgy references and the pic of the CEO (he's a geezer)

      seen and met too many English con men in my time although they generally dress better than this.

      Think I'll stay away.

      I believe there must be legitimate companies that are into this business I would like to find them, so any links or suggestions would be greatly appreciated

      John K

    • Suzanne Day profile image
      Author

      Suzanne Day 21 months ago from Melbourne, Victoria, Australia

      Thanks for the information John K, appreciated ;)

    • Dr George Richardson UK 20 months ago

      I have just [1 May 2015] bought my first container from Pacific Tycoon (PT) and will keep this blog up-to-date how I experience working with PT. I bought the goods from a person I trust in the UK and with whom I have done other business.

      If others want to blog about PT please do make a point of sticking to the facts.

    • Suzanne Day profile image
      Author

      Suzanne Day 20 months ago from Melbourne, Victoria, Australia

      Well the fact is that you cannot prove who you are or that you bought PT containers and anyone can blog about anything they like - it's called democracy. The facts listed in this blog post were taken directly from PT's website and related materials, so as far as I know they are the facts. However, having never bought PT containers myself, I cannot comment on the actual business transactions.

    • LeeCYoung profile image

      LeeCYoung 20 months ago

      All your arguments are semi-decent but I'm not sure what you would want a company to do to appear legit. If the efforts of PT to find investors by answering critics and trying to display their endeavours via western, English speaking social media (like every other corporation on the planet eg. Alibaba, binary option brokers etc. trying to secure a new market) are seen as the 'company' simply trying to dissuade the public from negative articles written around the web and, therefore, must be false, please describe what you would do if your business was being harmed by untrue allegations? I don't own any containers with PT and am also dubious about a deal that just sounds like it's too good to be true but your article is nothing more than rumours and gossip essentially. Any facts presented relate only to the shipping container industry regulations and say nothing remotely definitive about PT. You believe that the comments from 'investors' are likely plants by PT (I'm inclined to agree) but there are no counter claims from people who have been burned by the company, yet I would have thought that this 'exposé' provides the ideal place for such experiences to be shared.

      I hope your allegations are true in one sense because otherwise you are flaming a company whose only fault was that they made an effort to counter other such 'scam alerts' that would have been potentially quite harmful to their business and the lives of the 70+ people who live on wages supplied by PT.

      Anybody who invests in companies without doing appropriate research almost deserves to lose their hard earned. Then again, sometimes a risk pays off and if what PT claim is true regarding return on investment, then that is a risk well rewarded.

      PS. Thanks for publishing the picture of the CEO - hilarious! How dodgy does he look?! I know it's wrong to stereotype but of all your reasons not to invest, it's his image this is ultimately likely to prevent me from becoming the owner of container 400,001.

    • Suzanne Day profile image
      Author

      Suzanne Day 20 months ago from Melbourne, Victoria, Australia

      Hi Lee, considering you joined Hubpages only 22 hours ago to specifically comment on this post, I am taking what you write with a grain of salt. Since PT is in the shipping container business, it's image within that category is EVERYTHING. This hub is not based on gossip or hearsay but is in fact truth, based on the elements of PT's own website.

      Remember, it is NOT defamation if it is true, or logically thought to be true. Last time I looked, I live in a free country and if my views are expressed in a manner without fact (ie are complete fiction) you would think that potential PT customers would just ignore me. However missing BIC codes, dodgy "recommendation" sites and so on are not fiction. As for the employees, there were once numerous complaints in forums about PT by the employees themselves - these have been mysteriously deleted from the internet. Hence I haven't included them in my hub because they obviously do not exist anymore, maybe due to the influence of the reputation management company PT has obviously hired.

      Thank you for your comment. I'm sure anyone who wants to be "richly rewarded" after reading this hub can go and do so. I won't be joining up, however.

    • Suzanne Day profile image
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      Suzanne Day 19 months ago from Melbourne, Victoria, Australia

      Still getting harassed by PT over this post. Here is an email I received recently:

      Dear Suzanne,

      Surprisingly enough I was a reader of your page (before I was run off my feet with work).

      I am now writing to you with an enquiry. One of my clients is concerned with content and reviews about his business on your Hubpage.

      What is your policy on removing articles?

      We are in no way requesting to censor the internet - it is merely damaging the business to the point where lawyers and other specialists are involved in an attempt to combat the problem.

      I appreciate your response and attention to this matter.

      Regards,

      Christoper Gantt

      Internet Removals

      So, mysterious Chris from mysterious Internet Removals company with no address or phone number or website wants to converse quietly with me on Hubpages to remove my article with vague threats to lawyers etc. Whatever happened to free speech? Especially if that speech is NOT defamation because it is true or logically thought to be true?

      Sick and tired of all these PT attempts to remove my post by signing up to HP to converse with me over it. Will not reply to any of PT's attempts to contact me over this.....but will instead publish all future conversations from them or their pretendy lawyers here.

    • Simon Says 19 months ago

      Still receiving my regular payments from PT on the dot every month and yet to find unhappy customers. Only unhappy / suspicious outsiders.

      The first time I get any problems - I will report it to this Blog to warn any future would-be investor - but for now I am still a happy PT investor.

    • Suzanne Day profile image
      Author

      Suzanne Day 19 months ago from Melbourne, Victoria, Australia

      Your continual presence on this blog is to be admired......

    • Jason McKenzie 19 months ago

      I am the same with Simon...

    • Suzanne Day profile image
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      Suzanne Day 19 months ago from Melbourne, Victoria, Australia

      Patrick Burton (pjburton58@gmail.com)

      has sent you this message.

      (email address not verified)

      Dear Suzanne,

      Could you please tell me where you are getting your data from regarding Pacific Tycoon and why you believe it may be a scam.

      I have owned 10 containers myself since November of 2014. The payment is deposited into my bank account every month and on time. June's payment for May's revenue was just shy of 900.00 US dollars. At this rate I will recoup my original investment in about 42 months!!!!

      So based on your vast amount of research into Pacific Tycoon at what point in time can I expect this alleged scam to become a real scam??

      Very best regards,

      Patrick Burton

      Ontario Canada.

    • Suzanne Day profile image
      Author

      Suzanne Day 19 months ago from Melbourne, Victoria, Australia

      Hello Patrick,

      I checked out your Linked In Profile where you are an owner of shipping containers for your day job. Unfortunately, you haven't read this blog post properly, where the information about PC was on PC's own website at the time of writing (though they might have rectified it by now). I have to tell you that this is the first time I have heard of any customer of a company defending a company against scam allegations when the information was taken from the company's own website and credentials.

      I also know that since writing this post, much of my information is being corrected by a reputation management company due to me pointing all all the errors, which is why it's very important this post remains published in the public interest.

      I stand by my information and it's up to you to figure out when or if it is a scam. Though I have heard in the forums from staff/various people that all customers get the first few payments as the latest customers to join PC are paying the dividends of earlier customers and that it is a pyramid scheme. I'm sure there are many theories like this. To be honest, I'm not sure what PC does, but I do know that the information presented here was from the company itself and looks dodgy and worth the write up.

      Considering how many comments this post has generated, I'd say that it has struck a nerve.

      By the way, if the returns are 12% per year on 10 containers @ $4100 each, you should be getting $41 per month per container = $410 per month....

      Regards,

      Suzanne

    • LeeCYoung profile image

      LeeCYoung 19 months ago

      Hi Suzanne,

      Just for the record, I have no affiliation with any company on any level. I'm simply a Melburnian like yourself (Brunswick boy, actually) who inherited a little money and happened to stumble across PT while researching Container Homes as a business venture. I'm not likely to invest in anything that isn't recommended to me by a financial advisor so can't imagine that any sham company will end up on my portfolio, I learnt that the hard way. I was simply saying that your article is about as substantive as Pacific Tycoon's press. You could be spot on the money and you don't include any allegations that aren't already floating around the internet so you're not in danger of being sued for defamation. However, the information that you have collated seems to have very little behind it and could likely be quickly discredited. I would love it if you were able to find and interview a couple of investors that were ripped off by this or any other company and wrote an expose on these pages. I only point this out in fairness, form one (former) writer to another writer. I'm of the 'won't believe it till I see it' camp and with anything requiring a leap of faith, well, the gap has always been too unacceptably wide for me to leap. Give me concrete and I'm there 100%. But give me probable assumptions and I instantly become critical. I liked your article and enjoyed reading it. However, I can't help but feel like I'm reading couch journalism or even A Current Affair's off cuts.

      PS. The PT returns are said to be up to 28%+ so Patrick Burton's figure is not as unrealistic or plucked from the land of make believe as you would suggest. Just saying...

    • Suzanne Day profile image
      Author

      Suzanne Day 19 months ago from Melbourne, Victoria, Australia

      Hi Lee, I don't have to do anything. If you want to believe my "expose" is couch journalism, go right ahead and believe.

      By the way, if your financial adviser recommends PT, I'd be questioning his qualifications and expertise. There's a lot of dodgy companies out there and if someone's stupid enough to recommend one that was seriously unregulated by the Chinese government for several years and had all the stuff above on its website, then they are deluded about being a trustworthy adviser.

      It's great to see all these people commenting on this blog post regularly, especially since they are all joining up on HP just to comment on this specifically.

    • Suzanne Day profile image
      Author

      Suzanne Day 19 months ago from Melbourne, Victoria, Australia

      ***UPDATE***

      PT now has a new looking website and has bought themselves some better social media experts. Obviously this blog post has managed to shake up the multi million dollar company (?), enough for them to attempt to fix all the problems I pointed out in this post (though much of the same info and pics can be found still, buried within the pages).

      I would like to point out that in the FAQ section of PT's website this quote drew my attention:

      "Pacific Tycoon will not notify you of the whereabouts of your containers unless you specifically ask us. The deployment and use of your containers is a professional issue that requires day to day tracking."

      Why would PT not allow customers to type in a BIC code into one of the online databases to find out where their containers are 24/7? It must be because there are no BIC codes and therefore, no shipping containers.

      I don't need to find PT investors to chat with, I just need to make people aware that there are no BIC codes allocated for customers according to all of the evidence seen thus far. So if your money isn't buying shipping containers, ask yourself what it is buying.

    • axljimp 18 months ago

      OK it's a scam.a really bad scam but in Suzannes last paragraph after she has basicly ripped PT to bit's is

      I’m just an Aussie blogger. I am not affiliated with Pacific Tycoon in any way, nor have I purchased any shipping containers from them. I don't know Ted Mallory in any capacity whatsoever. I may be completely wrong about this company and you may think I have it in for them,

      So she writes all this crap then to cover her arse she throws in a disclaimer.

      OK I own containers my investment is fantastic and it ticks all the boxes I don't know Ted Mallory to be honest I don't know anyone at PT but I don't know my bank manager either,my investment is not huge but it's better than the banks can give me.

    • Suzanne Day profile image
      Author

      Suzanne Day 18 months ago from Melbourne, Victoria, Australia

      It's not crap. Make up your own mind. If you want to go on the internet to some blog and defend PT, you have every right to. And if you want to be an armchair hero and tell someone else their blog post is a problem for you then you have every right to do that too, as well as write your own blog post if you like.

      Good to see all these defenders of PT on here. They just keep coming!!!

    • button66 18 months ago

      I checked PT out at the request of my wife after a friend told her of the returns on her investment in 5 containers. The investor regularly receives approx. £300GBP per month but of course it's a long stretch from that point to recouping the initial investment. I suppose as in Ponzi schemes everything is roses while new money is coming in, as this becomes the dividends of the existing clients.

      My advise therefore to her has been stay away from it and invest in something boring and safe like the regional water board.

    • Suzanne Day profile image
      Author

      Suzanne Day 18 months ago from Melbourne, Victoria, Australia

      Or anything else she'd like to invest in. I don't know why you'd go straight for regional water boards.....

    • axljimp 18 months ago

      Thanks Suzanne for posting my blog (not edited) in full,i came across PT in the in flight magazine on my way back from India to the UK on Emirates Airlines,they had a full page advert offering 12%,sounded good so like everyone else I done some research on them,i found loads of stuff slagging them off but I never found anything on investers who have lost money,in March I took the plunge and bought five,i am buying another five at the end of this month July and that's it.I will keep this blog posted every month as the pay cheques hit my bank.

    • Lyndsay Williams profile image

      Lyndsay Williams 18 months ago

      Suzanne, very good work!

    • Lyndsay Williams profile image

      Lyndsay Williams 18 months ago

      Hello Suzanne, good work, have tweeted this page. A couple of years I investigated Pacific Tycoon, one promoter of the company had 3 different names to one picture, see my blog http://tinyurl.com/ok3ykef, search for"Pacific", explains the trick.

    • Suzanne Day profile image
      Author

      Suzanne Day 18 months ago from Melbourne, Victoria, Australia

      Hi Lyndsay, that was interesting, that Leighton McCalman, the financial adviser who media reviewed PT was into horse racing tips and whiplash injuries. Bit of a spam blogger much?

    • Sam 18 months ago

      I have 3 containers from Pacific tycoon and have had no problems.It is no use complaining and making accusations if you have not invested or been ripped off.

    • sam ross 18 months ago

      Suzanne all you have to do to prove yourself correct is to find one person,just one who has been ripped off by Pacific Tycoon and then we will listen.I have 3 containers and had them for a year and unless i am mistaken i expect my monthly payment of $270 to go into my bank account this month the same as it has for the last year.

    • Suzanne Day profile image
      Author

      Suzanne Day 18 months ago from Melbourne, Victoria, Australia

      Well I'd like PC to prove they are correct by providing BIC codes for all shipping containers to their customers.

    • sam ross 18 months ago

      If you are smart like me you would purchase them on a credit card,i did this after chatting with a rep who is now a friend.Then you will be covered just in case you think they will run away with your few dollars and risk one person who then can finally say 'i was ripped off.' P.s who has told you they have not given any codes to their customers?

    • Lyndsay Williams profile image

      Lyndsay Williams 18 months ago

      Here is "Oliver Lewis" who promotes Pacific Tycoon

      http://the-economist.me/is-it-a-scam-my-experience...

      https://plus.google.com/104950813585383717454/post...

      Here is Derrick Caerwyn of Milton Keynes, Penetration tester for software security,

      Both men have the same portrait.

      https://www.linkedin.com/pub/derrick-caerwyn/9a/b2...

      Pacific Tycoon have used many more doppelgängers in their promotions.

      Very odd.

    • Mary Faith 18 months ago

      Suzanne I have to congratulate you on one very impressive article. You have researched this subject thoroughly.

      I and a neighbour were among the first people to invest in PT around 4 years ago. At that time the 'containers' were $3800US each. You needed to own them for only one year from date of purchase before you could cancel your contract and receive your initial purchase cost back.

      We received money - anywhere between 20 -25% interest in our bank accounts every month. It was wonderful!!

      However as months went on a lot of things they claimed, didn't add up. In the end, after extensive research (a lot of which you have covered Suzanne) we came to the conclusion that the containers never actually existed!

      We had no problem getting all our money back and over the 12 months ended up with a very nice bank balance :) Between us we had nearly $200,000 invested.

      Ted was always a perfect English gentleman - who used to ring us regularly - as a 'friend' and just chat about nothing for a half an hour or so at a time. Most weird! I could not believe the photos of our friend - the polished English gentleman, when I saw what he looked like.

      There is a list of countries that will have nothing to do with PT and PT will not deal with you unless you have a bank account in another more friendly country.

      I still don't know what PT is up to but I'm sure it has nothing to do with containers!

    • Suzanne Day profile image
      Author

      Suzanne Day 18 months ago from Melbourne, Victoria, Australia

      It's great you got a ROI from this pyramid scheme. Personally, if I'm going to give money for an investment that has dodgy blog posts and forum questions all over the internet as well as someone random at the top, I'd search for someone with more discretion, such as my local ice/amphetamine dealer, who could give me a better ROI and not have funny stuff written on the internet about it or be nagged for "testimonials" online.

    • Suzanne Day profile image
      Author

      Suzanne Day 18 months ago from Melbourne, Victoria, Australia

      ***UPDATE***

      If you grab the address from PT's website:

      Level 11, Admiralty Centre Tower 2

      18 Harcourt Road, Admiralty,

      Hong Kong

      And put it into Google, you can indeed see that they are using a virtual office. I know it's the way of the future, but why wouldn't you house your 70 employees somewhere and use a real office?

      Link I found showing the address as a virtual office:

      http://www.abcn.com/offices--admiralty--level-8-ad...

      What comes up in Google when I put in the address:

      https://www.scamguard.com/pacifictycooncom/

    • Suzanne Day profile image
      Author

      Suzanne Day 18 months ago from Melbourne, Victoria, Australia

      PS - Here is Oliver Lewis' own blog which was written with the intention of defending PT. Oliver Lewis is a made up person created by a reputation management company, which is why he wrote a blog with several articles about his "experience" instead of not bothering, like most normal people who invest their money.

      http://containerinvestment.info/set-the-record-str...

      Here's some more info about how just one BIC code can be used for all customers:

      http://forums.whirlpool.net.au/archive/2288284

    • Jase 18 months ago

      Explain this to me then. Why is it that you can still get paid when you use other containers not bought directly from Pacific Tycoon ?

    • Gabriel 17 months ago

      Thanks for the blog and info posted here. As others, I found an ad on an airplane magazine and of course it looked atractive (since in a best case scenario the bank will give you 3% a year). I think the shiping containers defenitelly dont exist and this is a classic ponzi scheme. I actually think there are real customers here defending the company (people tend to defend anything as soon as they feel personally atacked. Thanks again for the blog I was about to invest my savings of a year's work.

    • axljimp 17 months ago

      As promised in my last post I would keep this blog up to date with my investment with PT. Like clockwork my pay cheque arrived as per normal,what more can I say.I am very happy with the return for the amount I have invested.

    • Suzanne Day profile image
      Author

      Suzanne Day 17 months ago from Melbourne, Victoria, Australia

      If anyone wants their comments published on here, please leave out links and email addresses as I cannot add them on this blog post due to issues. I'm quite happy to publish anything that isn't spam, but leave out the links.

    • john 16 months ago

      Hi suzanne,

      Who are you? What is your edcational qualification? Your age, experience, talent, skills, are you unmarried uncontroled buffolow. I want to know you well before I comment on your writing.

      John

    • Terry 16 months ago

      This is a classic Ponzi scheme. Of course you are going to get paid on time, it builds confidence in the scheme and brings in new investors or current investors to invest more before the inevitable crash.

      Ask yourself this investors in PT - why would a company open up an opportunity like this to the public if they could get a loan from a bank, cover the costs associated with the loan and make more profit than if they use mom and pop investors...?

      Through the kindness of their heart..

      Get out if you still can people. As soon as PT see a drop in new investors the house of cards will come tumbling down as the amount PT can earn from running off with your money diminishes.

      I give it 12 months.

    • axljimp profile image

      James 16 months ago from UK

      Well it's that time of the month again,pay cheque had landed and I am still happy.

      I take on board all the comments made by Terry,you may be right and I will have egg on my face when PT crashes but then again it might last for years,it's a gamble.

      I look at it this way,if I buy a £100,000 Range Rover and run it for a year in a years time it's worth £75000 if I'm lucky,thats £25000 down the pan,if I buy a new Range Rover I am guaranteed to loose £25000 in a year,if I invest £25000 in PT will I loose it all in a year,no.

    • MarleneB profile image

      Marlene Bertrand 16 months ago from Northern California, USA

      After reading your review, I am certainly convinced that they are a scam. You left nothing uncovered and your report was as unbiased as could be, showing the facts along with the conclusions. I am glad you did not put any money down on those containers. You would have lost your money for sure.

    • Suzanne Day profile image
      Author

      Suzanne Day 16 months ago from Melbourne, Victoria, Australia

      Hi Axljimp, how nice of you to create an account at HP so you could comment on this hub. Glad to hear your opinion.....

    • Hosam 16 months ago

      Hi Suzanne ...

      Is there any reputable or well known company for investment in shipping containers ??

      thanks

    • Suzanne Day profile image
      Author

      Suzanne Day 16 months ago from Melbourne, Victoria, Australia

      There are a few - forgotten their names but their returns are pretty small, about the same as term deposit accounts.

    • Lyndsay Williams 15 months ago

      Do investors have photos of their shipping containers with serial numbers? There is one photo only on the web, showing a serial number.

    • Koz 15 months ago

      Thought I would make a positive comment. After weeks of due dilligence I decided to buy 5 x 40ft shipping containers in May of this year. The rent has come in between 17th-23rd of each month. September's rent which arrive on the 23/10/15 shows an annual R.O.I. of 27.2%. I have been told the last 4 months of the year show the best return because the containers are used moving goods into Europe for Christmas. It appears all the negative comments are from those who have never invested. Good luck and happy investing.

    • Mac 15 months ago

      I've owned containers leased through PT for 18 months now and have had nothing but great service from them. Money goes into the bank on time and the back up service by phone and email is first class. Although I have seen many negative remarks by persons who don't actually own containers, there has yet to be one bad comment from container owners themselves. There has been a slight reduction in returns recently but this is due to the reduction freight rates world-wide.

    • I Have Questions 14 months ago

      My questions are predominately for the author of this post ...

      1) Who from Pacific Tycoon did you contact/interview for this article?

      2) Which current Pacific Tycoon investors did you speak to before writing this article?

      3) How much money did you get paid to write this article? I ask because this seems like a marked departure from your usual topics. And, given that your profession is "Blogger", I assume you get paid to do it.

      Also, here is a disclaimer of my own:

      I have had an investment with Pacific Tycoon for nearly four years. I have received my payment EVERY month, on time. I have NO COMPLAINTS ABOUT PACIFIC TYCOON.

    • axljimp profile image

      James 14 months ago from UK

      Money arrived on time again this month.

      China has just relaxed the one baby rule,that means there will be more goods being shipped in the months to come lol.

    • Danzman 14 months ago

      Hi Suzanne,

      I see so many re-crafted blogs warning of the apparent "ponzy/pyramid scheme" about Pacific tycoon. Above my post you can see a hand full of small inverters commenting on their own experience and none of them have waved the (I think it is a scam flag).

      I am a pacific tycoon investor and have been for 14 months now. Unlike the few gentleman above I have invested in allot more containers than 1-10 and I have found my investment to be tracking true thus far and I reiterate with those before me and can say that although I have experienced a varying ROI on my aggressive lease agreement my payments have been on time every month.

      I have recently had two separate issues with my bank not processing my payment due to internal restrictions and after contacting PT we were able to sort it out without too much fuss - the team at PT are always good with their customer relations and I have had the pleasure to speak with Ted Mallory on one occasion at the onset of my first contact with the Company. It was not at all strange to me being contacted by the CEO of a company considering the nature of the transaction and the prospect for further growth.

      It is not rocket science that current investors are becoming worried that there are ungrounded claims circling their investment/s - All investors want to see the franchise/business they invest in grow as their investments grow, I for one am sick and tired of armchair hero's trying to dirty the name of a company that has yet to produce ( 1 ) single unhappy "ripped off" client.

      The fact of the matter is that if you have done all of the research to gather credible evidence of an investments risk and still find nothing concrete on it then follow your own risk tolerance.

      The damaging scam alerts have not changed in over 2 years and I have read many reincarnations of them such as the one above - people reading my post now will likely come to the same conclusion.

      If this investment turns out to be sour it would be due to the ungrounded "credibility attacks" of people like yourself who have ruined a good company.

      Sincerely,

      Dan.

    • Brian 14 months ago

      I have been an owner since March 2015. I am not going to say that PT is not a scam as it is still new to me. i.e. Madoff So far, my experience has been exactly the same as the other investors here. Money paid on time with a return varying from 19% to 28% per annum (Aggressive lease). Points of interest:

      - The reason they don't borrow money to buy containers is that their business model is zero risk for them by using investors' money to buy containers. Why risk their own capital?

      - There are not 40,000 owners. There are approx. 7000+ investors based on their own documentation.

      - my wife and I visited their office in Hong Kong the first of October at the Admiralty Centre Tower 2 address listed above. It is real. We were there.

      - any uncomfortable questions I had for them were answered with logic and simplicity. We walked away comfortable. The young lady who sat with us was an administrator who could not have lied to us if her life depended on it.

      Again, I don't know if they are a Ponzi scheme or not. But if you are going to tell me that a sizeable number of smaller companies trading on the heavily regulated markets in the West aren't scams, then you haven't invested in the junior markets.

      I do know that:

      - no one has lost money yet

      - the macroeconomics around their business are exceptional

      - invest small and with money you can lose. Good luck.

    • Busrider 14 months ago

      Suzanne,you have done an amazing job...but facts are facts : I have been with them 14 months now and they have been exellent.Paiment come on time and Profit last month was 25,3%.I called them few times and I had immediate response from very efficient people.....no problems at all so far...

      Even more - a friend went very deep there ,bought over 160 containers and had no problem for more then 2 years ,when he sold back half of them

      and with everage 25 % you can calculate how much he made...

      I don't know if it is scam or not but my money (amazingly!) coming every

      month...

      Some facts you mention in your research are correct,but many are based on assumptions.....by the way the man on the picture presented as Ted, is not Ted Mallory from PT.....

    • Suzanne Day profile image
      Author

      Suzanne Day 14 months ago from Melbourne, Victoria, Australia

      Hi, I didn't get an initial payment to write this article. I don't interview people because I'm a blogger, not a journalist. I'm curious as to why you want to hop on here and defend PT so badly.....if I have a good investment, I don't go looking for scam articles to refute....I just enjoy the investment and maybe send the company some happy feedback.

    • Suzanne Day profile image
      Author

      Suzanne Day 14 months ago from Melbourne, Victoria, Australia

      Glad you saw fit to come on here and advertise Brian! Or should I say Ted Mallory?

    • Suzanne Day profile image
      Author

      Suzanne Day 14 months ago from Melbourne, Victoria, Australia

      OH well, as a blogger it is my right to leave the photo up. It's amazing how many people want to come right to this blog post and leave feedback (mostly in anger and desperation) about my post. If PT was that good, why is everyone on here defending it?

    • Suzanne Day profile image
      Author

      Suzanne Day 14 months ago from Melbourne, Victoria, Australia

      Hi Hates, I think you're Ted Mallory. And I can spell better too.

    • axljimp profile image

      James 14 months ago from UK

      It's that time of the month again,money on the nose as promised.23rd Nov.

    • axljimp 13 months ago

      Looks like everyone's got bored with Pacific Tycoon,well it's that time of the month again and my money has hit and cleared my account by the 16th of December,Merry Christmas Pacific Tycoon.

    • axljimp 12 months ago

      It's that time of the month again,happy with my returns,19th Jan.

    • lolthisblog 11 months ago

      I looked into shipping containers as investments and came across Pacific Tycoon... After that I found this blog and I'm in stitches over it.

      Thank you Suzanne for your research. It's so obvious that the comments are from someone working in PT trying to swindle people into investing.

      Such crap, thanks for making my day.

    • interesting 11 months ago

      i saw the status updates of PT fb page is very frequent recently, maybe that's a signal....

    • interesting 11 months ago

      typo on last comment: should be 'frequently' ... lol

    • george 10 months ago

      This is my personal experience:

      In early february i bought my first containers. Few days later I had a trip to Hong Kong and a arranged a meeting with people that will manage my assets. I was picked up at my Hotel to their office, which was not even near to the address they published in website and Social networks (Red flag). The office didn't look like a office for a company that manages hundred of thousands of containers (as they advertise), looked more like a small bussiness office with Top 10 employees (Red Flag) I met with Miss Caroline Conti, Director of Client Laison, and Mr Alex Lazar from Asset Department. Nice people, but after 20 minutes or so they realized that I transfer the funds from my US account (I am not US citizen) but money was transfered from a US account. I was told that they cannot accept transfers to or from US accounts (I was never warn about this issue and also raised another red flag on company's legitimity) And that my money will be sent back to my account. After 1 month, numerous phone calls, numerous incoherent arguments and excuses, the money is not back in my account. BUT I did receive via fedex on my home address original Invoices and documents with fancy stamps, stating that i Bought the containers and they where released to pacific tycoon. So is this buying and leasing of containers all simulated??? How come thay can not accept my money but they did relaease and deploy "my" containers? My only andvise so far: DO NOT INVEST IN PACIFIC TYCOON.

    • DJ 10 months ago

      Hi

      I am also thinking about investing in containers and would like you to simply answer one question!

      If this is in fact a scam where are the people who have been cheated by pacific?

      Because surely they would be on here trying to help tear the company down!

    • button66 8 months ago

      The day of judgement will arrive with the next financial slump accompanied with a downturn in take up of the container purchase offer.

      It's a bit like a sausage machine: so long as you put meat in at one end sausages will emerge at the other. Be warned; if it looks too good to be true it most likely is.

    • gumpyotis 8 months ago

      Hello, I just found this company advertising in Australia and I was thinking about investing so my research has brought me here. I thank you for your article it was the best I could find based on honest opinion. I found the one you were talking about with the claims of it being a Vietnam company. That one just sounded like a paranoid conspiracy theorist. Yours sounds well thought out and researched. With that said I have changed my mind and I will not be investing. I f these people are all being paid doesn't mean that it isn't a Ponzi scheme. As a Ponzi they would need to keep bringing in new investors. If it is a true investment the results would bring in the investors they need and they wouldn't have the need to try so hard to convince people that they are not a Ponzi, and they would have big investors with big names. Furthermore if u were an investor and felt completely comfortable that I actually owned a shipping container and there was no chance of me getting scammed I would just sit back and watch my money come in. I would not be here posting and trying to convince you that you are wrong. Just the fact that there is supposed investors posting, tells me if they are actual investors they are here searching for reinforcement that they made a good investment and seeing your negative blog is upsetting them. Their denial is causing them to argue against you

    • Ron May 8 months ago

      Hi all, I purchased 5 containers from PT about 3 years ago, initially I was paid the aggressive rate about 25%, then after a couple of years it dropped to about 12% , something about not being allowed to be more than 12% under Australian law, but I have been regularly receiving payment up until this month, where I have now been advised no payment is due, due to relocation of the containers. I hope it is not the start of the end. Has anyone else had this happen ???

    • Mounir 8 months ago

      I purchased one 40 f. container on February 2016. I have received then documents both by FedEx and DHL, and also statements of March and April. I was supposed to receive my 1st income by end of April, but nothing happened. I have sent emails to their accountant, no answer. Still waiting...They say they have forwarded my income via a UK institution but they send no proof. Look at this:

      Jack Lam jack.lam@pacifictycoon.com

      4 mai (Il y a 11 jours)

      à moi

      Les images ne sont pas affichées. Afficher les images ci-dessous - Toujours afficher les images de jack.lam@pacifictycoon.com

      Dear Mr. Azhari,

      We apologize for the late payment.

      Your 1st quarter 2016 rental income was cleared on our bank account on April 26th 2016. And until now we have not received any returned back. We have checked with our bank about your payment to see is there any held from the correspondence bank. As soon as we receive any news from the bank, we will inform you later. Please find the attached capture a proof of our payment.

      We are on May 15th, no news until now...

    • walker49 8 months ago

      Hi, I have 5 containers with PT and no complaints so far, very good return on investment over 18% probably more. The payments have been late on two occasions, once it was the bank's fault and on the other it was because it was looked at for compliance issues, nothing to do with PT. They always answer my questions promptly. This is my experience so far, if anything goes wrong `i will add this later.

    • containerman 8 months ago

      I have never been able to find out who the containers are leased to and whether the containers exist as they will tell you its confidential information.I have yet to come across any shipping company that has containers leased from Pacific Tycoon.The cost of a new container is now below $1500 direct from the manufacturer and PT is selling the investment at much higher cost.

    • Suzanne Day profile image
      Author

      Suzanne Day 8 months ago from Melbourne, Victoria, Australia

      Or maybe the investors are fake?

    • walker49 8 months ago

      My last payment has been delayed and has not hit the bank and it is now about 3 weeks late. I contacted PT about this and they assured me the payment had been sent and provided proof. I contacted GCEN and they replied " our bank has held up payment for compliance queries (part of their random checks). We have liaised with Mortzclear ( the name PT use to transfer funds) to let them know. I did complain to GCEN and said I found this delay unacceptable, supposing folk were relying on this payment to pay a mortgage payment. For a check if you want you can e-mail GCEN at joe.cooke@ glen.co.uk or phone them on 00448456718400. Up till know the payments have arrived on time except for just once when it was a few days late but then that was the bank's fault in the UK. I will post more if anything relevant come up. So far PT has been fine as far as they have been concerned.

    • Choppy Seas 8 months ago

      I'm Australian, have experienced a similar email to Ron May, however nothing was mentioned about the 12%. under Australian law. I got a lousy return for March and nothing for April, saying the containers need repositioning. Waiting for a phone call for an explanation. mmmm! (Have 5 containers - 1 year, returns were great until now)

    • Lyndsay Williams profile image

      Lyndsay Williams 8 months ago

      I just contacted Pacific Tycoon re possible late payments, via Twitter. I got reply from them as here imgur dot com dHBh33P .

    • containerman 8 months ago

      Do they ever tell you where your containers are and who they are leased to?

      If average lease rates today are below US$0.30 per day and the container investment is $3800 then the numbers don't stack up.So how long can dividends/returns keep getting paid???In most container management schemes the investor is told where his income/return comes from and who the container is leased to.I have never met a container shipping company that has containers on lease from PT.

    • PT Investor 8 months ago

      I am a investor, payments are there but the % gets smaller and smaller on the aggressive plan, smells a bit fishy.

      One day everyone's payment will stop at the same time, if it's a ponzi.

    • walker49 8 months ago

      I contacted Global Currency eEchange network again and they said they should hear either from their bank either today or tomorrow. Fingers crossed. Today I received an e-mail from PT saying that my income for this month was $283.59 that is on an investment of $20,500 and so far the average ROI (return on investment) is over 16%. They made all together $945.30 on 5 containers for the month and they themselves take 70% of the profit and 30% is passed on to the investor. At this rate you would get the whole investment back anyway after 6 years but then still own the containers which anyway they say you will be given the exact amount you paid for them after 3 years. If you sell the containers before the 3 years is up you will definitely lose money as they are sold again at the market value and you would lose over half the investment so you must be committed for at least 3 years. This is a high yield and I would also classify as a high risk investment as there are no guarantees i.e. not guaranteed by the FCA or anything like that. However I assessed the risk after research and decided to invest first in one container to test the waters so to speak and then bought another 4. When you have 5 containers you are then paid monthly instead of 3 monthly. No tax is paid abroad on this but if you live in the UK this income is taxable and on my tax return ( I use Taxassist) it was classified as Foreign Income.

    • walker49 7 months ago

      Sorry I made a mistake with the e-mail address of GCEN. it is Joe.Cooke@gcen.co.uk not glen.

      Anyone can contact them and hopefully they can verify they pay out monies to their clients on behalf of Pacific Tycoon. As mentioned before Pacific Tycoon use the name Moritxclear Research S.A.for the transfer. As it stands my money for last month is standing at about a month late and will contact them again that is GCEN (Global Currency Network Exchange).

    • Erol 7 months ago

      I have been a cleint since April 2015 we had received payments until now May 2016

      After speaking with Carolina on the phone back in December after our payments dropped 70% she stated that our containers were in the process of getting repositioned so when I called here now she said the same thing so I asked here they were getting repositioned back in December as well so why aren't we getting any money this month she stated that they were on there way back at sea but if I liked for a small fee of 500us I could switch our containers for ones in China that were under contract.

      When I said no and asked her to payout our containers she said she would get back to me ITS BEEN MORE THEN A WEEK NOW 7 EMAILS TO HER DANIEL BLAKE, AND GREGORY CANARIS JACK LAM 10 PHONE CALLS AND NO RESPONES

      SO LIKE ALL OF YOU THAT INVESTED IN THIS COMPANY WE WERE SCAMED OF OUR HARD EARNED MONEY

      REGARDLESS OF ALL THE RESEARCH WE DID WE WERE SCAMED SCAMED

    • Simon Says 7 months ago

      Just to add to concerns - also to re-assure those on this here forum - that I am not from PT. Last month also, my income was nothing (zero) for the first time in over two years.

      So - there are some concerns - even though my average income is still good.

      Returns as many have indicated above, has fallen back within recent months. But as I am hopeful that things will improve.

      If everything crashes - I will keep prospective investors informed in this forum.

    • containerman 7 months ago

      From the comments above it looks like things may be coming to a head.It seems that they are coming up with excuses now for non payment.ChoppySeas says returns are down as containers need to be repositioned....did they say where to and what the container numbers are??Each container has a specific number and I would be asking for the container numbers relating to the investment,who they are leased to and what rental rates are being charged.They will tell you its confidential and sensitive information...its your investment and they have an obligation to tell you.Walker49 says that PT takes 70% of the profit which makes it even more questionable as a normal management company would take a 10% fee and pass the rest to the owner.

    • walker49 7 months ago

      My income due in late April early May 2016 was delayed because of "compliance issues". (now June 3rd) I must say I was worried but after a few e-m,ails to Jack and also GCEN who assured me the money was not lost I am now to be credited with them using another bank provider. They did apologise for the inconvenience. So far even over the delay I have always had a prompt reply from both PT and GCEN and now after over a month it seems finally to have been sorted. I will update anything of note. i did think that compliance should only take a few days not weeks. My financial adviser said that because of events over the Panama thing there was chaos over foreign payments and was causing him a lot of trouble.

    • walker49 7 months ago

      I would like to address my remarks here to Erol. When you ask PT to pay out your containers it will be some time before you get a reply maybe 2 weeks but then you will probably only receive half or less than what you paid for them originally so then you would lose quite a bit. It seems better to stick to the investment until the 3 years is up. I take it you have chosen the aggressive approach which means that you receive 30% of what the containers make. If you had went for the other approach you would have received 12% whatever. With the aggressive approach, which incidentally is the one I am on, there are no guarantees but so far my investment has not yielded less than 16%, sometimes considerably more. Before you say that you have been scammed you need to look through the original contract and wait for at least a month before putting down PT as a scam. I myself have had issues with regard to late payment due to compliance issues from GCEN where the money is sent before going to the client's bank account and it has taken well over a month to get this sorted. Before anyone invests in PT they need to read very carefully the contract remembering that the market value of the containers could be under half of what you paid for them. So far every time I have contacted PT over concerns I have had I have always had a reply within reasonable time, many times the next day. With my delay scenario the reply came " I am so sorry etc" and they have taken steps to put the matter right using another provider other then Global Currency Exchange Network. One of the things that came out when I did my research was that not one single person could be found who said that they had been actually scammed so I think your case now needs to be thoroughly looked at but you need to wait for at least 6 weeks until the final outcome. Please update any developments.

    • walker49 7 months ago

      Last Friday after 5 weeks of e-mails to PT and then GCEN my money has finally hit the bank account. Concerning PT taking 70% of the profit and the investors taking 30%(using the aggressive approach) it has to be remembered that PT has the running of the business of leasing the containers and receiving the money etc. If you decide to go down the route of just receiving 12% this percentage is guaranteed on each and every month otherwise PT would be in breach of contract. If you decide to go down the aggressive route i.e. 70% for them and 30% for you, you have no guarantee of any income and so if you do not receive anything for any month PT have not breached any contract. I have gone down the aggressive route and so far the amount received has been well in excess of 12%.

    • walker49 7 months ago

      A little more info on PT. PT is a subsidiary of Moritzclear Research S. A. ( meaning ltd) and based in Belize. PT is operated from Hong Kong. PT was formed in 2003 but when the banks stopped lending money they turned to the individual investor in 2009. PT guarantees to buy back the containers at the price the client paid for them after they have been leased for 3 years or more. This model enables PT to buy back the containers from the income they have already generated so PT does not have to rely on capital reserves. Last year they had 168 employees, 7,200 container owners and were leasing 400,000 plus containers. It needs to be recognised that a good number of these containers are owned by PT, i.e. the ones they have bought back and are so leasing them out and this time keeping 100% of the income generated and not 70%. The highest yield they managed was in 2007 when if on the aggressive approach the clients netted 32.39% average and lowest was in 2009 when they netted just 18.07% ( still somewhat higher than the banks). PT make a good profit from those who buy the containers but also the income received by the owners is quite competitive in today's climate.

    • thereisnokarma 7 months ago

      I am reading this thread out of pure interest. I WAS a Pacific Tycoon investor but after smelling a few rats, decided to get out. The CEO was never available for a personal meeting, although I know a few independent investors who travelled to Hong Kong to check them out before investing (I was one of those people). Ted Mallory was always suddenly unavailable. I had no particular grounds for accusations because the payments were on time except for one bank stuffup and the return was as promised (over 23%). I received an email from a"disgruntled ex employee" of Pacific Tycoon which was widely circulated amongst clients and which purported to expose PT as a ponzi scheme. I took it very seriously and compared notes with other investors whose names were on the list of recipients. I began asking questions and was threatened with legal action so having nothing concrete, decided that discretion was the better part of valour, waited out the contract time & got rid of the whole lot. I came out on top of that one. Many other investors ridiculed those asking questions at the time and it seemed their view was that because they were receiving their payments promptly and returns as promised, all was above board. Many refused to contemplate the reality that this is exactly how a ponzi scheme works until it comes unravelled. I could still be wrong but only today received an email from a current investor who is asking questions about PT & suddenly not receiving his payments. I will be an interested spectator in the near future........

    • axljimp profile image

      James 7 months ago from UK

      I last posted on this thread in January this year and all was good,it still is good but I must admit the last couple of payments have been late.The returns have also dropped but annually the returns are good.After speaking to PT regarding this matter it didn't take them long to make the payments,my next payment is due in 12 days I will keep you all posted.I am well into my second year with PT and apart from some colourfull comments here and there on the web I'm going to ride it out.

    • Mehmet 7 months ago

      very helpful thanks Suzanne

    • containerman 7 months ago

      No one seems to be asking the fundamental questions...do the containers physically exist and is there proof of ownership that can be shown to the investor that the container ie their investment exists.Secondly who are they leased to as I have been in the container for many years and have never heard of a customer that has containers on lease from PT.If someone can show me the answer to those two questions then at least we would know that this is not a pure Ponzi scheme ie pay returns from one investor to pay the other!

    • Suzanne Day profile image
      Author

      Suzanne Day 7 months ago from Melbourne, Victoria, Australia

      You have hit the nail on the head, containerman. I also await the answers to these questions...as well as my questions about the employee/client ratios, the need for Pinterest pages and credential badges and a number of other things. Companies which are real with real returns tend not to have "scam" posts pop up in Google about them...and they don't need defenders who are investors either.

    • walker49 7 months ago

      With regard to your question "Do the containers exist etc?. When purchasing you are given documentation of ownership with identification numbers. Also you are told the dimensions, mine are length 12.19m, width 2.44m, , height 2.59m etc, you are also given the weight and capacity in cubic metres. However this does not prove conclusively that they exist but it does look authentic. With regard to the question can we find out to whom the containers are leased to, the answer is a definite no. Maybe it is too difficult to tell all the owners to whom their containers are leased to at any one time.

    • Made in Canada 7 months ago

      I visited PT facebook page recently and noted that Bad reviews had increased in the last month. But today you can no longer read any reviews. Are they hiding something??

    • con-tainers 7 months ago

      I am an investor with PT.

      My containers where all purchased through a company called Mcmillan Graf a container procurement company in Cambodia. The money is wired to a bank in Cambodia and the containers are then released to PT for their use.

      Each container is given a 6 digit number. When I asked PT why I wasn't given the full container number as per international standards for container numbering, I was told that as the containers operate in the Chinese domestic market, the international numbering is not required, not being familiar with how the industry works I accepted this as an answer. Now I am not so sure.

      I did invest in PT after doing lots of research, having said that, I am having second thoughts on this being a sound life long investment.

      Too many things are now starting to make me suspicious of this operation and I am smelling a rat, if I could wind the clock back, with what I know now, I would not invest.

      Yes I have received my payments on the dot as everyone is putting it, however recently there has been a problem with payments due to the Panama Papers unravelling.

      At this stage I am ready to pull the plug on this investment, my problem is do I accept the shortfall I will get as a buy back price and cut my losses or do I see out my 3 years and get what I paid for the containers back, that is of course subject to the fact that PT stays afloat and doesn't imploding before my remaining 2 years is up.

      Suzanne, I was very happy until about a few weeks back with PT and you are right I wasn't interested in what the internet said about PT. I am making money and I am happy. It's only when I started to doubt my decision and felt uneasy, did I go hunting on the internet for some answers

      I can only imagine that the people out there that are defending PT, don't want their boat rocking (me included). I invested in error, I can see that now, should I be penelised for making a decision that I thought was sound and above board, not really. If I loose it all, it's my loss, as they say nothing ventured nothing gained.

      Thanks for a great page.

    • Suzanne Day profile image
      Author

      Suzanne Day 7 months ago from Melbourne, Victoria, Australia

      Or maybe the people defending PT aren't real...

      I guess with any investment it is up to the investor to do their due diligence with research. If you are "penalised" or gamble your own money away, it really is no one's fault but your own. As a big hint, whenever I go looking for new investment opportunities, the first thing I do after finding out about one is to Google "company name" and "scam" to see what the investor concerns might be. This has saved me from all sorts of con jobs, especially when it comes to franchising opportunities as well...

    • containerman 7 months ago

      Any container manager who manages containers for an investor has the obligation to disclose details of the container and who its being leased to and how they derive their returns to the investor.The last comment that containers only have 6 digits as they are in the Chinese domestic market is yet another piece of misinformation.The real issue is do the containers actually exist or are the investor funds being used to pay other investors which means the whole thing is a scam.

    • axljimp profile image

      James 6 months ago from UK

      This thread has been going on for the best part of two years and it's same same,I am a PT investor and I am a real human being living in the UK.

      Come on Suzanne it's two years in and PT is still trading and giving returns month after month after month maby a little bit late sometimes but they have been good to their word.

      Just like you I do my research "company name" "scam" and to be honest all you get is blogs with PT,i find it's people who just ain't got the balls to invest who are making all the noise,in my last post I said I am in my second year with PT and more than happy,yes there is a risk but it's a risk I'm willing to take,i won't loose everything far from it.In life there are people who take risks with money and people who get their 0.5% from their banks,the choice is yours.

      My main money is in peer to peer PT is just a bit on the side.

    • Terry 6 months ago

      Looks like the ship is sinking people.

      To not communicate to their 'investors' about delayed payments and then blame the Panama papers.. Come on. The alarm bells should be ringing now.

      Now they've removed reviews from their FB page and complaints are starting to pile up on pissed consumer.com.

      Unfortunately for everyone who has 'invested' you have learnt an expensive lesson.

    • Suzanne Day profile image
      Author

      Suzanne Day 6 months ago from Melbourne, Victoria, Australia

      Hi axljimp, I would not invest with ANY company that came up next to the word "scam" in Google, no matter how many pretendy investers reviewed and persuaded about it.

    • Bob Scammed 6 months ago

      axljimp,

      You don't say whether you have received your payments for April and May, you just say sometimes the payments are late.

      I think you are a very real person and like me have invested in Pacific Tycoon and like me and all the other investors have been receiving your payments regularly....until now!!

      I am afraid the chickens have come home to roost. I invested in 5 containers and fortunately I can afford the loss even though it hurts.

      This is a scam and they are now telling blatant lies about the Panama scandal, the banks holding up the payments and the containers being re-invested. They are not even replying to emails.

      Would reporting this to Hong Kong Police be an option?? I don't know.

      Accept folks we have been scammed.

    • George G. 6 months ago

      Just thought I,d add some food for though. I seem to have been foolish enough to invest in this scheme and for some time things were going swimmingly. This has just changed and for the last 2 months my rental income has been withheld by all sorts of excuses such as, my bank supposedly returning funds sent, new compliance measures required following emergence of "Panama Papers" and of course just stalling. So buyer beware.

    • Andre 6 months ago

      I can confirm that I also have not received last month's income and that they are not returning any messages. The ship is sinking. We have been scammed!! Do not make any investments. Pacific Tycoon is n0thing but a scam!

    • Smeared 6 months ago

      I've been with PT for half a year and in April of this year payment delays began to happen. Looking back, i would not have invested. Calling them again tomorrow for answers.

    • waker49 6 months ago

      I rang up GCEN (Global Currency Network Exchange) recently and asked them if they had sorted out the compliance issues yet. They said the reason that the payments were held up was because they had changed banks and questions were being asked but it seemed that PT was in the clear. When my payment was late I did receive replies from e-mails sent to them and eventually after phone calls to GCEN PT apologised and sent my money using another provider and it hit the bank. However not replying to e-mails is worrying as they have always replied in the past. If you do not receive any replies from e-mails try ringing them up, I have at times got through that way, just remember their times are different from ours.

    • Bob Scammed 6 months ago

      I reported this scam to Hong Kong Police, whether they will do anything about it I don't know, but enough people report the scam they might take some action.

      I emailed them and explained my experience and also gave them Pacific Tycoon's supposed address.

      Their email address is crimeinformation@police.gov.hk

      Report the scam you have nothing to lose.

      Bob

    • Tom 6 months ago

      im so glad ive read this page , no one wants to be the last branch on the money tree.

    • axljimp profile image

      James 6 months ago from UK

      I have been hanging back with commenting on this thread,since my last post in June all I can say is my payment was late,i emailed PT on a very regular basis and all were answered quickly and I have received numerous phone calls from them reassuring me my payment (May) will arrive soon.It finally arrived and it was better than the April payment,i have asked them how long this problem will take to sort out ,as soon as get an email or a call I will post again.

    • Bob Scammed 6 months ago

      I have had a response from the Hong Police Crime Division, seeking additional information from me, which I will gladly provide.

      Folks get on board and report the crooks.

      Bob

    • 6 months ago

      I bought 10 containers @ $4100 each. PT paid for two months now then stopped paying. I have emailed them many times but no luck. Its a total Scam

    • axljimp profile image

      James 6 months ago from UK

      Hi,this just jumped out at me on google today,

      http://www.traditionalinvest.com/investment-opport...

      Not sur if this message will be posted or even if the link works,does this package look familiar.

    • poorluck 6 months ago

      I am a PT investor, too. Same story as everyone else. Good returns for 1 year from Sep 2014, then dwindled to about US$100/month for the next few months and then payments stopped from May 2016. Containers need re-positioning but can be done if we buy second hand ones in China. Same message given to all investors. I lodged a case with HK Police, too based on info from Bob Scammed. Got a reply from HK Police today asking for details. Will provide them the info required. I agree with Bob scammed to lodge with HK Police. They have a case officer working on it.

    • lule68 5 months ago

      Hi to all. Unfortunately I saw this blog too late and had already invested in PT. The same happened to me. Payments were regular for the first months decreasing in ROI. Then end of 2015 a drop in monthly rates for reallocation or so they said, I then tried to track the containers but found out that the BIC Code was phony. Then in March payments stopped due to Panama Paper scandal (Crap!!!). It is never possible to speak with anyone at PT and they really never answer to any email in which you ask for clarification. I receive only emails saying that the payments had been put on hold from compliance department, they wanted a series of documentation and copy of passport which I forwarded and then after I phoned saying I was willing to invest again, the money miraculously was deposited the next day. This was happening in April 2016. Then again no payment even though statements were sent later than usual. I received an email in which they requested local accounts in local currency to deposit the money and as I refused to give them yet another account, they told me that my payments would have been put on hold until further notice. They are now saying that the payments will not be done by PT, but by another partner but they haven't deposited on any account since May 2016. This is certainly a very unprofessional approach to say the least. I guess we are all taking our steps to secure what we have invested even though I see very little hope of success.

    • ann melb 5 months ago

      Great researched article Suzanne Day!!

    • axljimp profile image

      James 5 months ago from UK

      I disagree with lule68,i can ring PT anytime I want and talk to a member of staff,all my emails get answered quick,yes the returns are down but up to now apart from being late I haven't missed a payment.

      If all these reports are true it looks like some PT investers are being treated different to others.All I know is my returns are down but still coming,?.

    • Simon Says 5 months ago

      Still no payments here. Have been told that my containers are being re-positioned and this can take several months.

      I intend to see this through one way or the other and to pay them a sudden office visit if necessary.

    • Bob Scammed 5 months ago

      I received a phone call from Simone, to advise that my containers had been re-positioned from 15 August in India and my payments would re-commence and I would be paid for @weeks in August in September as per usual.

      I guess time will tell.

      Bob

    • Bob 5 months ago

      I have been invested for the last 2 years and got my payments on time and in total up to 3 months ago.

      I still get the paper work on my container rentals and this leads me to believe that the cash is somewhere.

      This does not feel like a scam to me.

      If one is looking for a crook in the works I would look at Banks and Governments. I checked with my bank and they say that they are turning back cash transfer from outside Canada that they believe may be questionable unless {my thoughts, it is to a reputable government or corporate official, nudge, nudge, wink, wink}

      At the end of the day, what can you do. You are either in or you are not and the cash will flow again or it will not. Remember only Bankers and Corporations can use the government to force you to cover their mistakes.

    • containerman 5 months ago

      I get weekly emails from Daniel Blake daniel.blake@pacifictycoon.com

      offering 26.07% returns and a newsletter telling people that the market is strong and trade is booming.Anyone that is in the business knows that there is surplus ships and containers with major shipping lines all reporting losses.How can we stop these people luring investors in to what is obviously a scam??

    • lule68 5 months ago

      Hi to all. My article was chopped off so maybe the whole message did not get through. Three months late on payment and a bunch of useless excuses. My bank has no problems in accepting transfers which were regular until end 2015. PT want copies of ID Passports, signatures on statements and other documentation to hold back on payment. I have contacts with other people with whom I got in touch that are all with the same problem. The principal is simple... If you are a serious business banks have no reason to hold up on payments!!! Certainly they will not hold up a payment based on a newspaper article. This is what my lawyers are confirming.

    • axljimp profile image

      James 5 months ago from UK

      My June payment hit today after a few emails and one or two phone calls from PT,the returns are nowhere near the early days but better than any bank,it's a shame the same the payments are late as it just encourages doubt and unrest.The first six months payments were on time and sometimes earlier and the returns were fantastic now it's a different story which I have been assured will be sorted out,if I have a problem with my bank it is sorted out within a day or so but PT's banking problem just seems to on and on that's if it is a banking problem and not cash flow,only time will tell.

      As for me I'm hanging on but I have been happier.

    • walker49 5 months ago

      I have waited to post this awaiting a concrete outcome. My May payment was sorted out eventually with an apology from PT but my June statement was late so I e-mailed them. I received a reply soon after saying that they were re-formatting the statement because of compliance issues. Today I rang them as they sent me an e-mail asking me to do so and I was told that for an extra sum I could get 2 more containers which would then be relocated to a more profitable place and then be hack on track with a good return of between 18% and 27%. This I declined so as it stands it seems that a) the return will in time only be about 7% and b) what is most important that the initial investment is at least safe and not lost as many now fear. One thing about PT they always reply when I contact them, they don't just ignore e-mails. I know this may be others experience but it hasn't been mine. I will post again if there are any more developments

    • Martyn 5 months ago

      What a load of fetid dingo's bull-craap. I buy containers and sub-leese them. Get your facts straight girl.

    • Elle 5 months ago

      I was about to invest in Pacific Tycoon... In fact I actually put an order in with Max Kruger just 4 days ago and later cancelled it after reading your blog and reading that investor payments were drying up.

      Thank you Suzanne for your well researched article. I am very grateful I read this before investing. I first heard about Pacific Tycoon 2 years ago

      My friend had bought 10 containers was happy with his payments, although I don't know for how long as I do not keep in touch with him anymore, but after 2 years I decided to invest

      I contacted Daniel Blake at the Brisbane PT office on Tuesday of this week with intention of investing, and was told he was at lunch and would call be back immediately. Hours went by and I did not hear from him. It was strange to me that he did not bother to call back a prospective investor. I later received a call in the evening from Max Kruger (supposedly from Homg Kong). I put in an order for 3 shipping containers and later that evening I received documents to sign and an invoice from McMillan Graf, the container merchant. I was told if I held on to my containers for 5 years I could sell them back to PT and get 100% my initial investment. This has gone up since I last looked. It used to be 3 years.

      After reading your blog I cancelled my order from McMillan Graf and also informed Max Kruger . I have not heard back from Max or anyone at Pacific Tycoon but I did receive an email from Meena at McMillan Graff wanting to know why I cancelled.

      Anyway, I wish everyone well. I will definitely be very cautious next time I see investment ideas online

    • tisthetruth 5 months ago

      Martyn, maybe you do as you claim, but I can assure you that the concerns expressed by the posters above are real and I am also a victim of this experience. This is my first posting, and what I am doing about my situation I am not discussing here at this time. When I have some constructive comment or advise to offer I will present it here. Your language,'fetid dingo's bull-craap' is casting a dispersion on all of us who have been associated with this experience. Can I suggest you review you comment and prove your claim with some facts so you can be considered legitimate, otherwise I will view you as a stooge.

    • walker49 5 months ago

      After 3 e-mails and one phone call I have finally received my June statement, around 20 days late. After the phone call the statement was received within 10 minutes so it seems phone is the best way. I spoke to my financial adviser who himself has 21 containers and he confirmed that he had been paid and also his clients. However my pay for June was down just over 7% whereas before it was over 18%. Still I am thankful that a) I am receiving some income and still better than the banks and b) the investment itself appears to be safe. My July statement is due on August 23rd and hoping this will not be delayed.

    • magnetogorsk 5 months ago

      I bought 5 containers and after a few months I read this blog and became deeply suspicious so I pulled out early. I got most of the money back, thank God but they still owe me some income. I e-mailed them about it repeatedly and got no reply whereas previously they responded very quickly. I suspect that the whole thing is going belly up and I would advise people to steer clear of it.

    • axljimp profile image

      James 5 months ago from UK

      walker49 we seem to be singing the same song,i would love to call you and exchange views,i'm just waiting for my July statement now,i will send them an email tomorrow (Mon 22 Aug) asking if everything is on time,updates will be posted.

    • Bob Drummond 4 months ago

      I was right, PT is not a scam.

      Consider that you are probably doing business with a company you will never visit, that is located half way round the world that probably has to send your income through at least two different government financial systems.

      Under present international financial conditions, it is amazing that payments show up at all.

      The problem is not with PT but wilt various governments.

      Look up Scam in the dictionary, it says see Governments and central banks.

      By the way, my PT monthly payments were delayed three months, they arrived today.

      All investments are a risk and international ones are even more so, my advice, don't bet the rent money.

      Thanks for reading, Bob

    • lule68 4 months ago

      Update,

      Some rental income was payed but again this month no payment made. I was instead requested to change the currency because of difficulty of paying in USD. One month they get it sorted out the next the bank no longer pays in USD, which for me is unconceivable as most operations worldwide are done in USD. Whatever issue they might have it’s up to them to fix it. On my contract it is clearly stated that the payment will be done in USD and on the 23rd of the month.

      Now they requested an account in yet another currency so that the investor not only loses from the return rates which are down to less than 10% but they would also mean that the commissions applied by the bank would be doubled from USD to this third currency and then to the local currency because they only pay on local bank accounts where the investor is resident. Also consider that the exchange rates applied by their banks are much more burdensome than any bank with which I have dealt with.

      As for trying to get out of the contract that is a bit tricky. As I mentioned in a previous communication one of the people that I have been in touch with tried to get out of the contract. He had bought used containers so it was to be sold back at market price and not purchase price, but only after 2 months the price had dropped down to more than 50% loss and what is worse the conditions that were written on the contract itself are unacceptable.

      I will summarize the most important parts:

      The selling price after 2 months had dropped down to less than 50% purchase price.

      The risk of the container remains with the Seller but it is not possible to verify the whereabouts, the status or the existence of the containers so one would be forced to do an act of trust.

      The Seller authorizes the buyer to take care of the delivery and storage but all costs are incurred by the Seller. Costs are not mentioned anywhere, nor is it possible to quantify them in advance.

      If the delivery fees are greater than the buy-back price the Seller has to pay the difference to the Buyer. As it is not possible to know where the containers are located, the BIC code given is not registered hence it is not traceable, Pacific Tycoon can request any amount thus one would end up having to give them money!!!

      The fee will depend on a number of factors such as location, delivery port etc. and mostly it can be incredibly onerous. Furthermore, Pacific Tycoon refuses to answer on any question related to this even after many emails have been sent.

      Should the price of the delivery be greater than the buy-back price, the Seller will pay an annual interest of 12% per annum for any outstanding money owed.

      The Seller may recover the price of the containers as well as all interest from the Buyer in a court of competent jurisdiction which is in Hong Kong. Consider the legal costs which I am told in Hong Kong are conspicuous. I am waiting for quotations on this.

      Unfortunately, I made the investment and I am therefore responsible for my own discomfort, but to sign something like this would be suicidal. I cannot say if Pacific Tycoon is a scam, but I do say that it is by no means an investment to make.

    • walker49 4 months ago

      The July statement from PT again was late, in fact I still do not have it but the actual funds were credited to my account on time! The payment came from a different source though, Gowns was in the description. So far thankfully all payments are up to date at present but I do not have the July statement so cannot reveal the percentage earned on that month.

    • Chris W 3 months ago

      I have 8 'containers' in total. Since late 2013. Payments averaging 16% in that time, however no payments since April ( I get paid quarterly so am missing one payment as of today). Very much starting to look like I have lost my initial investment, which is a very large sum of money for me. Heartbreaking to read everyones stories here.... all the best everyone

    • walker49 3 months ago

      I e-mailed and asked for my July statement which had been delayed for about 3 weeks. I was sent a reply the following day with the statement which showed that no income had been earned. I was though given an explanation i.e. that the containers needed repositioning to endure better returns in the future. This explanation I was happy with. So far the returns on 4 containers (average) were 18.33% and on one other it was 20.56%, still a lot better than a my bank cash ISA which now gives 0.01%!.

    • lule68 3 months ago

      In the end delayed payments were settled, even though once again last month rental income is late and the Rental percentage is now down to a little above 6% very far from 26% - 28% that is advertised. The investor instead that wanted to sell out his containers still has had no reply from PT in relation to the extra costs he would have to sustain to bring the containers from where they are currently located to the buyer, so the price that PT tells you that they are willing to buy back your containers which in a few months has gone down more than 50% is subject to a further loss that are not quantified and that could be greater than the actual buy back price depending on where the containers are located which of course is not given to know. So an investor does not know if the containers exists, no means of tracing them because of non traceable codes given, payments since April are constantly late and the rental income is always lower and costs burden on buy back price is not quantified. Doesn't sound like a great investment to me. Had I known I would have never taken the advise of the person that suggested this to me in the first place and that I am sorry to say was a person I dearly trusted. Big Mistake!!! I earned my money honestly and with sacrifice. Please do not be as stupid as I have been and keep clear from this investment. Find other ways to invest what you have earned with hard work and honestly even though the numbers don't appear to be so appealing. Even if I won't get a penny back at least I will have warned others not to commit the same mistake and hopefully avoid them the same bitter disappointment. With this I bid all of you good bye and hope that those of you that are sincere in their sharing of their experience will find a solution and a positive outcome.

    • button66 3 months ago

      Pacific Tycoon had the audacity to contact my wife yesterday asking her to buy. Needless to say she sent them sharply on their way. So they are still trying to raise funds via this means.

    • containerman 3 months ago

      I have been away for a while and no doubt everyone has seen the collapse of the 7th largest shipping line in the world Hanjin which means there are 750,000 containers that will flow back into the market over the next 12 months that will depress lease rates further.Assuming that Pacific Tycoon has purchased containers with investors money,which has never been proved,then there would be a knock on effect to lease rates. I cannot believe that a company that supposedly manages investors equipment has never been forced to disclose in any detail the existence of containers.I just hope that potential investors read these warnings and refrain from investing.

    • Mike Thornbury 3 months ago

      My wife and I have had containers with PT for over four years now, earning an average of 23% PA.

      If they are a ponzu scheme, they are a bad one as I have earned my investment back.

      I've no idea who the owners or workers at PT are, nor do I have any idea why you have condemned them so much, using such people as winnifreth and other non-investor/high opinion sites to back up your clearly biased POV.

      I'm happy with my $50,000 investment. It gives me a nice little top-up and allow some me to pursue my hobby without it costing me any of my capital.

    • Osama Agami 2 months ago

      I am with PT since late 2014, all was going well, till begining of this year where my income dropped significantly to absolutely nothing for more than 6 months. when inquired they said due to low income my containers are transported to another location that takes 6 months , 6 months finished and still no income, they don't say where is the containers or where is it going, all confidential as per them, they dont say at what stage is my transport going, and worse, some of my containers are bought as used and those ones if returned even after 3 years will be at market price. when i asked about current market price they refused to say but said it will be very low as my containers not returning income.

      I don't know what to do.

    • walker49 2 months ago

      I have now not received any income for 3 months as the containers need to be repositioned. I was offered a switch offer whereby I would sell the containers at purchase price and with just $500 extra buy 7 containers. I declined the offer as I was afraid it would delay the exit clause. There is really not a viable exit strategy until the 3 years is up so I will just have to wait until October 2018 to recoup the investment. On a positive note they do reply to e-mails fairly promptly and so far the investment even with the 3 months no income has still yielded better than the banks but I have to say this hasn't gone as I had hoped.

    • walker49 2 months ago

      Yesterday I sent an e-mail in the evening really wanting re-assurance, reading all these blogs did not inspire me with a lot of confidence, especially as I had not received any income for 3 months. I received a phone call the next day in the morning, with me they are always prompt. I was assured that the investment was safe and I could claim the full amount invested in October 2018. I was also told they didn't have a lot of say with regard to the market price i.e. the exit amount and also the repositioning was explained. PT undoubtedly I think have gone through some difficulty with the Panama scandal and have been hindered by bank regulations and also by the fact the the shipping trade has suffered. I do not think though they are out to scam the investors, I think they are doing the best they can.

    • KK 2 months ago

      I have not been receiving any income for last 3-6 mths as the container needs to be repositioned .They have given me different options to buy some more containers .I am just waiting until next year to get my money back and sell that container back to them .They do call from time to time and respond .But still I feel that my money and time is wasted .I never hoped for such sort of business.

    • Maryse 2 months ago

      As the person above, I'm waiting to get my money back and It' s been 6 months now and there is always something happening ( some excuses). I have been receiving my ROI regularly for the past 3 years and when I decided that I needed my capital back they are not making it easy for me. But I'm not giving up. I have all the correspondence with them which I will gladly share if my money is not paid back to me.

    • walker49 8 weeks ago

      I have finally had an income statement after repositioning but only received after their 70% was taken $0.14 per container per day so I received $20.37 for the month. Difficult to understand why it was so low. Hoping that November will see a pay increase! So far this year the ROI has been 4.73%

    • containerman 7 weeks ago

      I cannot stress enough to investors or would be investors ask these people PT full details of your containers,where they are,who they are leased to.Its your asset and they manage it so as an owner they have an obligation to give you that information.If they don't then the container does not exist and this is what we suspect it to be a Ponzi scheme.No income because they are positioning equipment is a good argument not to pay any income.

    • Maryse 6 weeks ago

      I've been exchanging mails with PT for 6 months regarding the buy back of my containers sine I need the money. I've been receiving all kinds of mails with what I would call excuses. I was not meant to get an income statement but I got one and it was as walker mentions above very low,the lowest ever.I received a schedule of payment before telling me when my money would be sent to my bank and I haven't seen a cent. Si I'm starting to feel there's something fishy 1

    • containerman 6 weeks ago

      This today from PT....how do these people get away with advertising something they cannot achieve when existing investors are suffering

      LOW ENTRY LEVEL

      INVEST FROM ONLY US$4,100

      HOW IT WORKS

      12% Fixed Lease

      We lease the containers and rent them for you to the shipping industry under long term contracts that provide fixed income.

      Maximised Rental Agreement

      We rent the containers to cargo transporters who are in urgent need of them, giving maximum rents back to the investor

    • Deborah 6 weeks ago

      My father purchased containers, I was sceptical from day one but he insisted that it was fine and they always paid a good return. That has changed, there is now NO return at all. They have had all sorts of stories, how the containers are not in the right places etc, they are portable, PT is supposed to move them, they are supposed to make sure that they are leased. I have thought it a scam right from the beginning and now I am very worried that dad has lost his life savings. He is 81, just had his 11th stroke last week we do not need this

    • Maryse Jarl 5 weeks ago

      Deborah, my story is just about the same as your Dad. I started mailing to PT to get explanations but in the end their replies were only excuses. So my last mail to them , I wrote that I will not give up until my money ( as per the contract we mutually signed ) has been given back to me. I also told them that I am going to publish all the mails I received so that others might see the game they are playing. I do intend to publish the whole story on all the social medias and I will let them know about it.

      Last week someone called from PT and it was a young man with a very frightened voice who told me I would get my money back this week. I will wait and see before taking this any further. This will be their. I hope I can get some more persons who have been drawn into this to act with me. We have nothing to loose but PT has.

    • Ted Mallory 4 weeks ago

      They are in Vietnam

    • walker49 4 weeks ago

      Today I received my statement for leasing from 01-11-2016 to 30-11-16. The total paid to me was $19.35 which is giving me about 1.19%. So far I am averaging about 13% since the investment started but this average is steadily going down. At present the containers are renting for $0.43 cents per day - not agreat return at present.

    • Bill 3 weeks ago

      Wow...not for me. All the fake post defending PT were a bit much but eventually here it is...proof from real people that they've been ripped off. Fantastic article but honestly does need an update. Less about what a company post on their website and more facts please.

    • Suzanne Day profile image
      Author

      Suzanne Day 2 weeks ago from Melbourne, Victoria, Australia

      Hi Bill, I am not writing much these days and have been kept too busy to update this article. I am simply approving comments for it at present.

    • button66 13 days ago

      I would like to hear that someone has actually seen a Pacific Tycoon container. I have cruised a lot of the world, spent time by rail freight yards and driven trunk road routes but since your epistle started I have not seen one and I doubt if anyone else has either.

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