How To Avoid Shipping Container Investment Scams

watch out for theseThere’s more an more companies out there offering investments in shipping containers.  It’s worth knowing that some of these aren’t all they appear to be – there’s a growing trend in this market for companies to promise great returns with zero risk for the investor.  How does all of this hold up?

Background

In case you’re wondering how these investments work – here’s how it goes.

A company buys a shipping container on your behalf, and then leases it to a shipping company.  They offer around a 12% return for this, “guaranteed”.  This can even be more than 12% if you give up the guarantee.  Most of these companies are based in the far-east, which is understandable since that’s where the market for the actual cargo units is.  However this is just the first step in making it difficult to get any form of transparency on what’s happening.

The container gets brought back at the end of the third year of the lease, for the original capital value.  It’s insured against damage, complete loss and other mishaps.

A number of national regulators are now warning against such investments.  France’s regulator, the AMF has stated it’s own advice and has warned investors away from it.  In the United Kingdom, a similar warning has been issued the the Financial Conduct authority (FCA).

Why would a fleet choose your container?

A single container bought from one of these companies costs around the stand price of £2500.  However you must bear in mind – why would a huge shipping company lease a single container from you, and leave you with such a great profit?  Surely it would be better for them to leverage their size to get better pricing on bulk quantities of container?  Most of these fleets will own thousands of containers already, so why would they come to you?  The administration on their side -having to buy 2 containers from this person, and another couple from that person would lead to huge overheads for such businesses.  No – instead they would just source them by themselves.

watch out

Don’t believe the forums

Ask a question about this in a relevant online forum, and you’ll soon have a so-called investor backing up the claims.  It seems to be the case though that the figures just don’t work out.

In my opinion this is only working as long as new people are joining at the bottom end – just like a Ponzi scheme, this can keep going as long as the new folks keeping coming in.

 

In summary…

These containers get knocked around an awful lot during their lifetime.  They’re not going to keep their value unless they’re in great condition, and the returns claimed are very optimistic.

I’m not going to name names, but a small amount of research will help you identify any well-known identities that you might want to steer clear of.

While I’m no expert on investments, I’d say there’s better ways to get a return on your money.  Building a house from a shipping container is probably the best approach to getting a profit from these metal boxes, although I would say that, wouldn’t I!

update: It seems that some of these companies are no-longer seeking investors in countries where regulators have stated warnings.  But if you do get offered one of these opportunities – think carefully before you part with your money.

 

 

 

 

 

107 thoughts on “How To Avoid Shipping Container Investment Scams”

  1. I am young adult and have recently been looking in to investing, like most I find the stock market intimidating and very complicated. However I don’t believe your well earned wage should sit and gather dust or be spent unwisely. I want to look to the future, not live in the present. I have come across investing in shipping containers, however after a small amount of researching to only discover warnings of scams and articles that stray you away from this type of investment.

    I have read your article, and have definitely taken in some of the points raised. Although converting shipping containments may be at little out of my depth, I soon started questioning “Doesn’t all investments come with a risk” whether that be the stock market, property, shipping containers. My question is, instead of straying people away, why not guide them to the right companies, that are in fact a legitimate, trustworthy and reliable business for investment.

    I look forward to hearing from you, and in hope, guide me.

    1. Hi Benjamin,

      Well done on asking for constructive advice.

      Ann Wilson, the Wealth Chef, is a writer and runs online courses and workshops in Financial education that enable you to wisely build up assets slowly. (As per Warren Buffets advice).

      To start off life with a solid financial education will set you up forever! I am almost 70 and have benefitted from learning with her over the past 2 years. If I had started at your age, I would probs be a millionaire……simply investing shipping containers myself…..not employed/paid by anyone!!

    2. Attention to all investors, please if you google Admiral Container HK please keep clear of them as they are a scam to. I my self have been burnt by them, over two years in contract and not one cent in return yet. Purchase 26 containers from them for a fixed lease return of 12%. They don’t respond once they get your money. Alexander Cole is director of Admiral Container HK who live is Florida USA. Along with there UK business Mark Green both have contacted me once promising to make payments but don’t deliver. If you come across these two names or company run for the hills. I am in the process to execute legal proceedings bases on failed to comply with contract agreement.

    3. My name is John. I purchased in fianance a container from Container king and the swore these things dont leak. 3 weeks after getting mine delivered to my parents property it rained and i sent them a video of rain coming in the back corner. And pics. They swore to me that they dont leak and the big tight seals keep out water and even sent me videos stating houses are built out of these. Well hurricane Irma came this container filled up with 3 ft deep in water and I lost $6000.00 dollars lawn equipment and all my belongings and furniture. And I sealed the roof from leak it had. Water came in from bottom. Thing is filled with black and white mold and I have lost everything and now they wanna sue me for this thing. Container King is a scam. And they lie to sell their products. I have proof of everything that Im saying in this message. Images, videos and texts from them, voice mails from them. I pray some how we can shut them down so they cant keep doing this others. I wish I would of never financed this thing cause I have lost stuff that I can never replace from my grandma and grandpa and had to purchase all new equipment for my business. My whole house of furniture is gone too. I moved in to parents and had this thing put on their property as a storage to keep my things safe and help my family out and this is what I get in return. Its just not fair or right. They flat out lied to me about this thing being water tight and not leaking and sent me videos showing they build houses out of them. There are florida laws against this. This is just plain wrong.

    1. Dear Brian,

      i heard about davenport containers and i have some friends already bought containers through them. they are trusted company and they transferring the income every month.

      i, personally ,am looking to start with 5 containers.

      Robi

        1. I met their Regional Sales Consultant in September 2015 in Dubai.He is representing them in the Gulf and he is based in Doha -Qatar.

          1. Hi Robi. How did your Davenport/Laroche venture work out? I am still on the fence as I try to confirm that they are not a scam. Any information you can provide from your personal experience would help. Thanks
            Ken

      1. hey robi im sukh looking to invest in daveport can plz share some experience with company if u bought any container.

        1. they have a regional sales consultant in the Gulf and based in Qatar:You can visit the website of Davenport and ask about him .
          Davenport Laroche/Containers is a leasing company based in HK and registered under Hong Kong General Chamber of Commerce: http://www.chamber.org.hk

          1. Sounds good but in real I am invistor with Davenport since 2015. At beginning I got my payments every three months even I have more than 4 containers. Now they stop to pay for me and R.O.I was 23% and now becomes 7 or 5% always.
            Plus they stop to reply my emails.

          2. Hey Robi, it is obvious that you work for this company and are promoting them! Nobody listen to this guys comments, he is trying to build trust in the company by acting like a customer.

      2. Hi. Robi I’m new to this davenport can you tell me about them is it a good company how much are u getting??

    2. Danen Port is owned by the same person as Pacific Tycoon. If you want to know more see what Pacific Tycoon is……..

  2. Davenport (just as all such companies) is a scam! Don’t invest (or rather, “give away”) your money to any such companies.

    1. If the company Davenport is registered in Hong kong. How come it is a scam
      It has an office and it is dealing with other company producing and selling containers

      It is well known

    2. Hey Mr. Paul,
      Thanks for your comment about davenport. However you did not state precisely what damage they caused you.
      The reason is that I have approached them recently and we are due to business very soon.

      Please your honest advice would be considered.
      Kind regards.
      Pk ugbodu

      1. Sounds good but in real I am invistor with Davenport since 2015. At beginning I got my payments every three months even I have more than 4 containers. Now they stop to pay for me and R.O.I was 23% and now becomes 7 or 5% always.
        Plus they stop to reply my emails.

        Mohamed

  3. I am not sure you understand the concept of this investment option when you purchase any containers you become part of a collective of owner managed by a company such as davenport. Davenport may or may not own containers themselves but they manage the large collective of owners and as such when a company looks to hire a container they seek out the management (Davenport). This is why although you may only own a few containers but they will be hired as it becomes as a whole not simply you trying to work in to the market alone.

    As for damage to containers I have been involved in loading these containers and it takes a lot to damage these things. The management also provides insurance which would be included in there hire costs.

    I myself am currently investigating this option for investment and my feelings are things look rather positive. If this truly is a scam as some have suggested could you please supply details where you get this knowledge from. As for me this concept is completely viable when you put some thought in to it the more the worlds population grows the more shipping is needed. All around the world there is major natural and non-natural disaster with these cities need to be rebuilt. Large companies out source their assets this is where these container hire companies grow and to keep up with supply they build a collective of owners to continue to grow and meet demand. For these reasons I see this as a viable option in to the future although i still have much investigations before I enter the market.

    1. Sounds good but in real I am invistor with Davenport since 2015. At beginning I got my payments every three months even I have more than 4 containers. Now they stop to pay for me and R.O.I was 23% and now becomes 7 or 5% always.
      Plus they stop to reply my emails.

      I can provide you with all emails and copies of my monthly statements to check how they scam.

      1. Would you mind providing me with a copy of your statements? I am very interested to see whether they do indeed pay what they claim, or whether they are a scam as it seems…

    2. HI there can you please tell me if you have invested with them yet if so are you getting your payments. I also wanted to know if there is official government business registration site to varify the company is real. Thanks

  4. Hello,

    I work in alternative investments that have lower correlations to the stock market. We don’t push any shipping container companies for a reason…if you’d like a free consultation to see reputable funds with stable cash flow and returns that could meet your objectIves, I’d be happy to sit down with you.

    1. Aaron, hi. I don’t know whether you are still following this blog, but if you are, I wouldn’t mind taking you up on your offer and arranging to speak to you further WRT alternate investments.

      Ken

    1. Guy’s without our hard work we can’t make money just by investing. It is business not shares. One of you guys said that he is looking the future and the demand, great but one thing you can’t bare the present competition also. Keep a full stop to your greedy ideas and try to become successful in your present filed

  5. again and again Davenport ,,,,can any one tell exactly what actually those people doing …??? do the have registration trade number some where in the world …..??? do the pay tax some where …??
    from this point we can start …

    1. they have a regional sales consultant in the Gulf and based in Qatar:You can visit the website of Davenport and ask about him .

    2. Hi fox, I have purchased 5 Containers from Davenport last year and since then all looks ok. I receiving payments every month. Also I have purchased from Dedacocontainers this year another 2 containers and also get paid every month.
      Different is that Davenport is based in China and Dedacocontainers is in England.
      Also in China you buying containers directly from manufacturer for Davenport and Dedacocontainers do all that hassle for you

      http://www.davenportlaroche.com/
      https://www.dedacocontainers.com/

  6. I bought 4 containers from Davenport 1 year ago (approx £10K investment) and I now believe that it’s likely a scam. Case study: I was getting on average 27% return every month. So good so far and it was looking like a really good buy! Then after the first 10 months came the ‘hard-sell’ direct from Davenport themselves this time (no intermediate broker involved) to sell me yet more containers with a likely 35% return. I politely declined (despite having made good returns so far). I then received another big payout the following month, only half as much the month after and then after 12 straight months of returns and £2,700 later – absolute zilch! Nothing at all now for the last 2 months and the company aren’t replying to my emails to either (a) move on to their fixed 8% ‘guaranteed’ return or even (b) sell the containers early (both options are in the contract). I think they give you back something on your investment quite quickly and for just long enough to tempt you to part with even more money, but the idea is that you will never get back even half of what you originally paid. I need to wait this out for a few more months and maybe try and even contact them by phone, (which I’m sure will lead to absolutely nowhere) but my feelings are leaning towards ‘scam’

    1. Hi Matt, how are you getting on with this now? I bought 4 containers from Davenport back in July of 2016 and so far have had a return every month, I have also been getting calls to invest more money though.

    2. Hi Matt,
      I am interested to know how you got on with your investment as I am on the verge of committing to 6 containers with Davenport laroche on the high-income lease.

      Would appreciate if you can let me know how you got on from the circumstances that you last posted.

      Thanks
      M.Essa

    3. Hi Matt,
      Could you give us a bit of an update on the latest developments with davenport.
      Have they been paying you again ?
      Have you been able to contact them?
      Is it a scam you think?
      Thanks for letting us know about your experience
      Chris

    4. Hi Matt I had the exact same experience with Pacific Tycoon . Ecellent returns for 12onths then quickly down to zero. I was offered a switch to Davenport. Little did I know they are affiliated with P.T It trapped so I accepted. But my returns so far {5 months } have been around 2%
      I complain each month but only get excuses.
      This has turned out to be a disasters investment
      Our experience is not uncommon in this industry
      And ask your self why would a shipping company pay thousands a year to lease containers
      when they can purchase them for a very low interest rate and claim depreciation
      Amuch cheaper option for them. I believe we have been scammed

    5. Hi Matt would you kindly provide photo copy of your contract as evidence of your involvement in what you consider scam
      Regards

    6. Hey Matt – sorry to hear about your experience with that company. I see you had written in dec 2016. Did anything change since then? Are they really a fraud/scam?
      Cheers!

      1. Robi Stone, you are such an obvious fake, people don’t let him scam you. He works for Davenport, he is NOT a customer! I guarantee you!

    7. Sounds good but in real I am invistor with Davenport since 2015. At beginning I got my payments every three months even I have more than 4 containers. Now they stop to pay for me and R.O.I was 23% and now becomes 7 or 5% always.
      Plus they stop to reply my emails.

    8. Matt. Your commentary is most useful and enlightening. I’m sorry to hear how it’s gone for you and recognise how brave you are to share this with us.

    9. Hi matt,

      Today I was contacted by devan,I would really appreciate if you could tell me how its going on with your investment or its a scam.

      Sunali

    10. Hi Matt,

      Any update on your investment?. Have they replied to your mails. Hope the payouts are still coming in.

      Regards,

      Mathew

    11. Wow matt…thanks to you for sharing how the scam truly works..I almost parted with the same amount.. now I know better..bless.

    12. Matt hi. I was about to finally invest recently in Davenport/Laroche, (D/L) having spoken directly with the person claiming to be the Hong Kong Sales Director (Isabelle Clement) and having communicated with her via email for the past two years. Everything seemed legit. I was going to start off with 1 x 20ft to test the process and income stream (High interest option). Following up Robi Stone’s 2 May comments, I confirmed that D/L is indeed registered with the Hong Kong Chambre of Commerce, and was starting to feel more confident.

      Then I became leary again when Smith Jones (August 8 2016) said that Pacific Tycoon (P/T) was the same company. I had been communicating with another company called ‘Container Invest’ (C/I)’ as well. So I asked D/L if they knew of P/T and C/I and they said that they did and that they were competitors. So my suspicions were raised again.

      Then I came across your comments above from Dec 2016, which once again made me leary of whether D/L is a scam. Consequently, I thought I would ask you how it worked out for you in the end. i.e. were you ever successful in getting a reply to your queries, and did your monthly payments ever re-start after the 2 months of zero paycheques?

      I still want to invest with them but I’m not naive and don’t want to get scammed like everyone else. So am looking to see how things worked out for you. Anything to add?

      Ken

    13. Hey buddy, could you please give me feedback so far from your containers with Davenport did it go well or was a scam? Many thanks

  7. To whom it may concern;

    We have reviewed our database and identified the owner of this post. The poster (Matt) has been a client since 2015 and made an annual return of 20.19%. In 2016, he made an average of 19.28%, which I daresay is his best investment.

    He states after 12 months he received “absolute zilch”, “nothing at all now for the last 2 months”. This is untrue. His returns have decreased because markets fluctuate, as is clearly stated in Article 5.5 of the contract. He signed it and even if he has read it, he doesn’t understand it.

    Every business has good months and not so good months, and to assume that returns will always be high denotes either a lack of commercial experience or naivety. Declaring a company is “a scam” because returns are not to his liking is defamatory. The profile of his account is normal and healthy (we consider an average annual return of 19.28% to be healthy).

    The contract states clearly that markets fluctuate and most people know that. Clearly the poster is the exception that confirms the rule.

    The poster also states untruthfully we have not replied to his emails. My colleague Theo Chamberlain emailed him on the 2nd and 6th of September 2016 to which he did not have the courtesy to reply. He goes on to reveal his credentials as a naysayer by the comment “…and maybe try to even contact them by phone (which I am sure will lead absolutely nowhere).” All he or anyone else has to do is dial our switch board (+852 3565 5962) from 10.00 AM Hong Kong time.

    Given the average returns of 19.28% that he himself confirmed he has received, I feel his comments are ill considered and frankly “a bit much”.

    Sincerely;

    Jacques Peterson
    Davenport Laroche Compliance

  8. Dear Mr.
    We have reviewed our database and identified the owner of this post. The poster has been a client since 2015 and made an annual return of 20.19%. In 2016, he made an average of 19.28%, which I daresay is his best investment.
    He states after 12 months he received “absolute zilch”, “nothing at all now for the last 2 months”. This is untrue. His returns have decreased because markets fluctuate, as is clearly stated in Article 5.5 of the contract. He signed it and even if he has read it, he doesn’t understand it. Every business has good months and not so good months, and to assume that returns will always be high denotes either a lack of commercial experience or naivety. Declaring a company is “a scam” because returns are not to his liking is defamatory. The profile of his account is normal and healthy (we consider an average annual return of 19.28% to be healthy).
    The contract states clearly that markets fluctuate and most people know that. Clearly the poster is the exception that confirms the rule.
    The poster also states untruthfully we have not replied to his emails. My colleague Theo Chamberlain emailed in on the 2nd and 6th of September 2016 to which he did not have the courtesy to reply. He goes on to reveal his credentials as a naysayer by the comment “…and maybe try to even contact them by phone (which I am sure will lead absolutely nowhere).” All he or anyone else has to do is dial our switch board from 10.00 AM Hong Kong time.
    Given the average returns of 19.28% that he himself confirmed he has received I feel his comments are ill considered and frankly “a bit much”.

    1. Hi Davenport. Not withstanding what you claim above, how do you explain the ‘nil returns’ for those investors who have chosen the guaranteed options of 12% or 8%. For the guaranteed options the market fluctuations don’t impact the ROR. i.e. even if the whole industry came to a halt, the contract says the investor is still supposed to get the guaranteed return.

      Jacques, I have to tell you I was so disappointed to hear all the preceding blogs, as I myself was about to invest in 16 containers with Davenport / Laroche (through the Hong Kong representative with whom I had been liaising for almost 2 years now) and only delayed because all of a sudden the Hong Kong representative advised me that I could no longer buy the containers in USD and nor could I take payment in USD. All transactions all of a sudden needed to done in CAD, Euro, or Australian $. Then while I was trying to confirm the reason (I had received no replies to numerous emails) I found the blog sequence above and decided to not invest. The Hong Kong representative provided me with 4 references, but I suspect they are planted and would only give me gleaming reports.

      Too bad there was not some means for you to prove to all the readers that you, Pacific Tycoon and Invest Containers are not scams. Because if you weren’t you guys would indeed be an awesome investment choice. Undeniable proof could be for instance, the phone number for any of the Chambre of Commerce offices in Hong Kong, UK or Australia that could vouch for you and the others.

      Cheers,

  9. Hi I looked at Davenport. They are in Hong Kong, they have no financial statements!
    So you give them $5,000 and supposedly you get a container. How do you know you get one? If you want to take possession it might be in Australia! There are publicly trade container leasing companies listed on NYSE! So you buy a container, and they send you 12% (3% every 3 month). So you are getting $150. Ok they keep doing it two or 3 times, and you think it’s good and buy a few more, and you tell your friends how great of an investment, guess what? After a year or two they disappear and you find out there is no container! My first question was why would they offer me 12 %. You can get money at the bank for 5%. Secondly my sales person was some guy in Greece, who didn’t even have a face book page and couldn’t be found on Google?

  10. I have 25 containers with Davenport & am only receiving 1.2% & have been getting these low payments for over 6 months At this rat I will loose 83 % of my investment over the life of the containers. they are a ripoff.

  11. Hate to break it to you but this is just a typical Ponzi scheme, named after Charles Ponzi. They simply take your money and pay out other clients and themselves with it. They may actually invest some of it and try to earn the promised returns but usually it is just a matter of time before they go under and start a new company. This is how you do it.
    For a container you give them 3900 USD. On the fixed plan they pay you 8% or 312 USD per year. Assuming they take 10% upfront for themselves and pay you for 5 years they are left with 1950USD. You ask for your money back and they give you back 3900( 1950 of you own money and 1950 from todays investment). That leaves them with 1950 to cover the next five years. This way as a early investor you receive 8% every year and the refund of your initial payment as promised. Assuming 1000 people invested five years ago that provides 1000 honest references to incent the next round. If they invest the money in the stock market and managed to achieve a 6% return they could double the life span of the company. By having some investors on the high risk plan they could actually invest the money, pay out the fixed income plans and provide between 2%-4% to the high rollers and maintain a positive balance and not break their contract to anyone( we call this a “money market fund”). Unfortunately people are greedy, so they tend to take more of the money each year and use the growth to fund the payments until they declare bankruptcy in about 10 years.
    So in summary, yes you can find folks who received exactly what they were promised and they will try to convince you to invest as deep down they suspect your investment will provide the necessary funds for their buyout.

  12. I have álso invested, was great returns for the first few months (20% or so) but after that it dropped down to about 1%.

  13. DO NOT I repeat DO NOT invest any money with Davenport or P acific Tycoon
    { same owner }I was receiving a very good return with PT for 8 months
    then within 2 months zero. I was encouraged to switch to Davenport with a promise of high returns but am only receiving 1% pa. I have sent many emails asking questions which they fail to answer. They rang a few times telling me my returns would improve. Now 7 months and no improvement.
    This is a Ponzi scheme. I have done a lot of research and realize now I can kiss my money good by. IF YOU INVEST DON’T SAY YOU WERE NOT WARNED
    I wish I had checked out these schemes before I invested my money
    DO some research and check the many blogs on scam watch sites
    Remember if it sounds too good to be true it most probably is

  14. Hi guy i would like to invest
    I have came across investcontainers. Co.uk i would just like some feed back if anybody has herd about them
    1 container cost £3200 with 12% return on your investment so 1% a month so 1 container =£384 a month
    I would like to buy 5 making just under £2000 per month sounds like a good idea
    And a great investment
    Could anyone help me out thanks
    Looking to weed out the scams

    1. Hi, Stuart,
      I think your calculation is somewhere wrong to get that amount per month back.
      Investcontainers .co.uk is same company as Davenport Laroche based in Hong Kong.
      They only have switch board in UK that you think they are based in London (I have checked that).
      You have DedacoContainers .com who giving 10% return P.A. and they are genuine UK company.
      I am not sure how they work but seems to be similar way with payments

    1. Thanks for that Doug. I was trying to clarify whether that was the case. I knew Davenport and Pacific Tycoon were the same owner, but wasn’t sure about InvestContainers. I suspected as much as all the costs and returns are all the same charts etc. Really too bad as it would have been a wonderful investment if one could just find a legitimate container leasing company that wasn’t a scam and could provide a consistent 10-15% ROR.

  15. this company shows it’s address as: Kemp House, 152 City Road, London EC1V 2NX UK
    Which I found it to be virtual office. In other words it exists only online and if you go there youll find nobody from that company.

  16. In view of the preceding 2 years of blogs, I have decided not to invest.with Davenport or Pacific Tycoon. As such, does anyone know of any legitimate sea container leasing companies located in either the United States or Canada? I suspect that if there are, they may generate returns of around 12% (the same as good dividend paying REIT), but certainly not the 20%+ claimed by Davenport or Pacific Tycoon. If these types of returns were indeed possible, everyone would be doing it and this type of investment would have been highlighted on the various business shows or in the different financial investment sites a lot of us subscribe to. So at the end of the day, I still like the investment type but want to pursue in North America in order to be relatively safe.

    Any feedback from anyone would be very much appreciated.

    thanks

    1. Hello Ken,

      I am in the same boat as you just seeking updates and advice as such. my comment is to simply follow the thread. If anyone has any good recommendations please leave comments at the bottom.

  17. In setting out apparently convincing credentials, Invest Containers have overlooked the way the internet works (investcontainers.com). The beaming face of the happy investor on the opening page is reported to be that of Nikos Sarris. In actual fact, this is the face of a man called Keith Robinson, who has nothing to do with containers (http://chamberdailydose.blogspot.co.uk/2010_07_25_archive.html). Whilst one dodgy photograph might not suggest rot at every level, it just seems like a very odd thing to do.
    Additionally, there are 2 separate addresses listed for the London HQ. Neither is recognised by Companies House.
    Also, there is suspiciously little activity present on LinkedIn, which would be an obvious place to verify a degree of authenticity.
    If it looks too good to be true, it probably is.

  18. Hi ,
    It was by coincidence I read this site as also I am worry about this kind of investment as I do not finish my contract yet …however ,I am customer to Davenport since December 2015 and I have 10 containers 40 ft under the fixed returns of 8% … I am getting my income profit every 3 months… I was surprised to read something unpleasant about this company…but it seems they are competitors or anonymous…
    It is not permissible to slander on daven using fake names and without any evidence…
    Have a nice day ahead
    Hussam

  19. Never invest with this Company. It is the worst decision you could ever make. I have not received an income statement from them for the past 4 months which is a direct breach of their contract obligations. They lure unknowing investors into their operation by means of Fraudulent Inducement, and are in serious trouble.
     I’m also pretty sure the person/s who advocating this investment have been hired by this Company to do so.

  20. Great stuff, I spend over two hours reading all comments and speaking from experience in general, do watch out for these kind of bad investment, I invested with first option on the trading platform and found out they are scam and lost over 18000 USD, no matter how smart you may think…they have the legal side tied up and knitted tightly…..I just want to say thank you all for sharing and providing free advice to stop people falling in the same trap, if any.

    Sammy

    1. Dhamen this is a scam. Your payments will drop to a 1,5% a year after a while. Ask them to display just a single contract they have with containers rental to any shipping company. They have none. They will soon tell you that your containers were stuck somewhere in a thrid world country and you will have to pay them more in order to rent them again at a better contract. After a while will stop responding to your mails…

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