Commissioner's blog: Sea container investments not so water-tight
If you’ve seen an advert promising big returns on an investment in shipping containers, then our advice is to consider whether it may be a scam or Ponzi scheme.
WA ScamNet is aware of $800,000 of losses in Western Australia so far to a venture called Pacific Tycoon, which advertises investments in shipping containers and promises returns of up to 20 per cent when they lease it out on your behalf.
The scheme is predicted to be successful because cargo shipment companies regularly have urgent requirements for extra containers and will pay premium prices.