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Pacific Tycoon
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1.7 6 Complaints
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Pacific Tycoon Complaints 6

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D
4:14 am EDT
Verified customer This complaint was posted by a verified customer. Learn more

Pacific Tycoon shipping containers pacific tycoon

I bought two containers at $4100 and $3700 and never saw any interest since 2013. I contacted them many times since 2016 to cancel and get my money back but at first was told I had to wait two years for selling and then in 2021 I was told that I would get the $4100 but only $300 of the other container, which I was resolved to taking but since then and until now no one responds to my calls or emails. I receive a monthly statement which are fake.

I have received no payments or any information and phone calls always put me on hold or say the person that deals with it would call me back.

Desired outcome: Some money back

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4:29 am EDT

Pacific Tycoon Refund of containers not forth coming.

I bought 5 containers at $4, 100 each and after the 3 year contract I was expecting to be refunded for the investment made. Since the end of the 3 years I have waited for over 3 years now for the refund. I have contacted them numerous times and they keep saying they are "on the case" and "looking into it". The last time I phoned they said the containers were stuck in a leasing contract and there was a delay due to Covid. I do feel they are not really being on the level simply because there are so many other complaints out there. If you are able to do something It will be something of a miracle.

Desired outcome: Refund of investment

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Paul Den
US
Jan 31, 2023 4:49 pm EST

Looks too good to be true

Joe J. Harrell
Joe J. Harrell
Simi Valley, US
Dec 03, 2022 5:17 pm EST
Verified customer This complaint was posted by a verified customer. Learn more

Some time ago, I was a victim. I was conned out of $100,000 by these folks. When I requested a return on my investment, all I got were stories.I did everything I could to get in touch with them and get my money back, but it was in vain.

Last month, as I was exploring this website, I came across a piece on Paige McCubbin and how she has been assisting victims of fraud and dishonest business practices.

She responded to my Telegram message; her name is Paigecubbin. She recovered my funds in four days and deposited them into my bank account.

For help getting your money back, get in touch with her.

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ComplaintsBoard
M
5:41 am EDT

Pacific Tycoon Shipping Container rental / Purchase Contracts

Pacific Tycoon is basically a PONZI scam, this is not a legitimate company.

All " guaranteed" return % will not be met, monthly returns will systematically be reduced to almost "zero" percent.

PT will not reply to you, they retain numerous lawyers to fob you off even with threatening behaviour.

They have issued contacts to transport shipping containers from South America to China for sale and profit, these containers never arrive in China / Hong Kong with no idea of where the said containers are and no explanation from PT,

The contractual "buy-back" agreement within the contract will be ignored and only scrap value offered, for example you pay $ 3, 000.00 for one container, they will not offer you "the purchase price" but offer you, what they state is "the market price" this will be anything between $500 - 800/-
this is the "scrap value" for a 40ft shipping container with the real "market" price for a second-hand container being around $1, 800 - 2, 200/- per container.

This low offer will not happen quickly, they will take weeks if not months to getting round to selling the containers with limited to no communication.

Literally, hundreds of investors have posted and indicated the exact same issues, stay clear.

Desired outcome: Return of misappropriated funds

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Marilyn L. Forsberg
Marilyn L. Forsberg
Moravia, US
Dec 04, 2022 3:14 am EST
Verified customer This complaint was posted by a verified customer. Learn more

I was indeed one of the investors who was duped by the Pacific Tycoon.

They don't answer emails. Think about dealing with folks you cannot communicate with. Lol.

I was able to get my money back from these individuals because to a Paige McCubbin article I found.

After reading about Paige Mccubbin and how she has been able to retrieve money for countless scam victims, I immediately got in touch with her Telegram account, Paigecubbin.

Within three working days, she was able to return my money to my bank.

You should get in touch with her if you haven't recover your money.

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Is Pacific Tycoon Legit?

Pacific Tycoon earns a trustworthiness rating of 1%

Stay away! We strongly recommend avoiding Pacific Tycoon.

Our conclusion: ComplaintsBoard's comprehensive research indicates that Pacific Tycoon is highly unreliable and may be operating as a scam. We advise against dealing with Pacific Tycoon to prevent potential harm. If you notice any suspicious behavior, report it by writing a complaint.

With only 16% of 0 complaints being resolved, Pacific Tycoon slow complaint resolution rate suggests poor service, lack of responsiveness, or a lack of helpfulness, causing frustration to users. It is obvious that the company has the lowest level of trust.

Exercise caution when using pacifictycoon.com as it may have lower quality content or a poor user experience, leading to fewer visitors and lower traffic.

We conducted a search on social media and found several negative reviews related to Pacific Tycoon. These reviews may indicate issues with the company's products, services, or customer support. It is important to thoroughly research the company and its offerings before making any purchases to avoid any potential risks.

However ComplaintsBoard has detected that:

  • We found clear and detailed contact information for Pacific Tycoon. The company provides a physical address, phone number, and email, as well as 4 social media accounts. This demonstrates a commitment to customer service and transparency, which is a positive sign for building trust with customers.
  • Pacifictycoon.com has a valid SSL certificate, while Scammers can obtain a valid SSL certificate by using fake information or by using a stolen or hijacked domain. In some cases, they may even use a certificate issued to another legitimate website.
  • Pacifictycoon.com has been deemed safe to visit, as it is protected by a cloud-based cybersecurity solution that uses the Domain Name System (DNS) to help protect networks from online threats.
  • Pacifictycoon.com you are considering visiting, which is associated with Pacific Tycoon, is very old. Longevity often suggests that a website has consistently provided valuable content, products, or services over the years and has maintained a stable user base and a sustained online presence. This could be an indication of a very positive reputation.
  • This website offers payment methods that provide the option for customers to get their money back, which could be a positive indicator of the company's commitment to customer satisfaction.
ComplaintsBoard
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4:24 am EDT
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Pacific Tycoon Refund

I invested £50, 000 into shipping containers with Pacific Tycoon and now the contract has ended I want my investment back but get no response from them, they still send me monthly statements stating I am making over £5 per month with my 21 'containers' now they have renamed on the contract, which ran out in April this year

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Gianpaolo Appolonia
US
Mar 26, 2023 3:11 pm EDT
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Hello everyone,

my loss is small, only $6,000, but I want to do something to stop Ted Mallory and his scam.

If anyone knows a person who can help me for recover my money that's a good thing, if none of you can help me, no problem, I've already found a person who will take care of this matter in June.

ComplaintsBoard
A
10:45 am EDT

Pacific Tycoon investment in shipping containers

My father purchased 4 shipping containers through Pacific Tycoon at a cost of $4100 each in 2016 and was promised a rental income of 12% paid quarterly April, July, October and January however this has not been received. Unfortunately in June 2018 my father passed away. I informed Pacific Tycoon of this and that I would be looking at them buying back the containers. I have made numerous phone calls to the buy back team and they are giving me the run around and every phone call I make from the United Kingdom is at an expense to myself. I have also emailed Carl Ye in the buy back team and he has not replied to any of my emails, so I am feeling very frustrated with the whole situation.
I am sure when my father bought the containers he thought he was dealing with an honest company, however I have looked on line and all I see is bad reviews and that the whole thing is a scam. I cannot believe that the company is still running. All that I am looking for is to get a good price for the containers and payment for the rental income from the containers.
My fathers reference no: 666586
To me it seems that the company are quick to take your money, however when you want to sell the containers back to them they ignore you and probably hope you will get fed up chasing them and just walk away from the investment.
This whole thing does not look good on the company nor wanting to make any future investments in Hong Kong when investors are treated this way.

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5:29 am EDT
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Featured review
This review was chosen algorithmically as the most valued customer feedback.

If you ever receive a sales call from Pacific Tycoon, telling you to let them purchase containers on your behalf and leasing them out for your, promising high returns: either fixed 12% per year or fluctuating returns averaging 30% per year. Be cautious!!! They will use pitches like China is the manufacturer of the world, there is huge demand for container...

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Overview of Pacific Tycoon complaint handling

Pacific Tycoon reviews first appeared on Complaints Board on Sep 20, 2013. The latest review shipping containers pacific tycoon was posted on Oct 23, 2023. The latest complaint Ponzi scam in vietnam was resolved on Sep 20, 2013. Pacific Tycoon has an average consumer rating of 2 stars from 6 reviews. Pacific Tycoon has resolved 1 complaints.
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  1. Pacific Tycoon Contacts

  2. Pacific Tycoon phone numbers
    +852 58 016 695
    +852 58 016 695
    Click up if you have successfully reached Pacific Tycoon by calling +852 58 016 695 phone number 1 1 users reported that they have successfully reached Pacific Tycoon by calling +852 58 016 695 phone number Click down if you have unsuccessfully reached Pacific Tycoon by calling +852 58 016 695 phone number 0 0 users reported that they have UNsuccessfully reached Pacific Tycoon by calling +852 58 016 695 phone number
  3. Pacific Tycoon emails
  4. Pacific Tycoon address
    Level 11, Admiralty Centre Tower 2, 18 Harcourt Road, Admiralty, Hong Kong
  5. Pacific Tycoon social media
  6. Nick
    Checked and verified by Nick This contact information is personally checked and verified by the ComplaintsBoard representative. Learn more
    Jun 13, 2024
Pacific Tycoon Category
Pacific Tycoon is ranked 220 among 337 companies in the Cryptocurrency category

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