Pacific tycoon, another scam to avoid??

Jordonjd

Hi there,
I came across some money and am trying to find something to do with it other than leaving it in a savings account. I don't want to be an idiot and rush into to anything. I came across this website online, basically you buy and container, the loan it to this company who in turn, loan it out to ships etc etc and basically you are supposed to be able to make about 12%pa on it.

Sounds good

Looks simple

So my first thoughts say dodgy and to stay away. I looked on the website for the t&c's and couldn't see a link on there. I was wondering if anyone knows about or has any experience with this company?

thanks

Jordon

atush

first of all typhoon/storm or tycoon (ie rich person).

No1 if you dont knwo the difference, avoid.

No2, avoid. Scam.

Archi_Bald

OP, seeing you already fell for onetwotrade (http://forums.moneysavingexpert.com/showpost.php?p=63928054&postcount=64), perhaps now is a good time to think before you jump.

Jordonjd

Unfortunately joining onetwo trade was a favour for a friend, still my own fault for not looking into it first. Lesson learnt

ChesterDog

"...supposed to be able to make 12%..."

I am supposed to be able to make custard, but you should see how it turned out last night!

atush

use a sieve to get out those lumps lol

maninthestreet

OP - a quck google search for 'pacific tycoon' throws up enough warnings and red flags for any potential investor to avoid them.

atush

Spectator and Man int he street.

Have you been contacted by MSE regarding your posts on this thread?

They say the company mentioned int he thread/scam are wanting my post removed. Did they ask for yours to be removed?

Malthusian

The one about the custard? I'd stick to your guns, that was perfectly good culinary advice and it will stand up in any court of law.

Reaper

Wow they are threatening a 2 year old thread? That just draws attention to the issue. And now it has my attention here is a link:
Pacific Tycoon - Investor Red Alert

JohnRo

I remember a few threads about these crooks that seem to have disappeared.