I am goaded into writing a letter to those responsible for the only financial websites that matter (ADVFN, iii, LSE and Motley Fool) asking them to follow our lead at ShareProphets and to publicly refuse to take any advertising from Pacific Tycoon because quite simply it is a scheme that will ensure readers lose money.
Pacific Tycoon promises bumper returns from renting out shipping containers in Asia. The returns it promises are amazing. And yet after rewarding investors it still spends vast sums on renting lists from financial websites to promote its scheme. The fact that it pays so much more than normal is a Red Flag in itself. And why does it market so aggressively if the returns are both that good and real?
It must be tempting for some media owners to take the cash. We have refused point blank to take its advertising because as I have written HERE, HERE and HERE we think it is a big con. And we do not want any part of it.
I note
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