Most people who hear about container investments also hear about Pacific Tycoon scam. Due to the numerous scams that exist, Pacific Tycoon is just another container scam to be cautious about. Make sure you do thorough research before investing in any containers.
A simplified process has been implemented. You buy containers from underdeveloped countries for less. Then you hire a company such as Pacific Tycoon to lease your containers for their clients. After a 9-10 month gap, the containers arrive in China and are sold at a profit. The company takes a small commission and you receive the rest.
When you open the website associated with the company, as in this case, Pacific Tycoon, you will be greeted with a really aesthetically pleasing website. This can easily fool you into believing it is original. The catchy advertisement followed by insane return promises can be misleading in real life. Note that they promise a fixed return of 12% on the amount invested per year. In some cases it might reach 24.13% as it happened last year, according to them.
They say that all company containers are fully trackable. Everyone will have full legal rights regarding the containers that they buy. Most of them are independent trackers in various countries which act as recipients of the container owners. The money is actually transferred to the scammer's account in those countries. The majority of the accounts belong to underdeveloped nations that have no association with the company.
These companies heavily invest in PR activities where they pay different blog owners to write fake reviews about them. They also write about how Pacific Tycoon helped them get the most favorable investments and other fabricated information. Often, they post fake reviews on forums regarding their company so that they can win over the trust of their customers. However, a deeper investigation will reveal how the company has scammed thousands of people and how many there who have lost all their lifetime savings on it.
Hence, as a precautionary measure, it is often stated that if you want to invest in containers and other stuff, it is recommended that you should do thorough research about all such stuff before you decide to invest in containers. In simple words, stay away from container investments as much as you can.