Carl Freer Scammed the PLO for $20 Million – Here is How He Did It and Some Documents to Prove It. NEW – He Also Tried to Scam The Dubai Investment Group at the Same Time

Breaking News – new documents received! Who in Dubai is protecting Carl Freer?

After posting this article we were contacted by a new source – we have verified the person’s credentials and thank them for coming forward.

This source informed us that at the same time that Carl Freer scammed the PLO, he also tried to do the same things with the Dubai Investment Group.  

This was all progressing well until the  Dubai Investment Group got wise to him and pulled out.  We have been promised more documents, but in the meantime have been sent the below letter from Carl Freer’s lawyer to him as evidence.

We asked the source how Carl Freer, with his criminal record and track record of fraud, could go to Dubai to pull off his next fraud.   The Dubai authorities know who he is after he attempted to scam them out of $30 Million.  He was also involved in the criminal acts committed by IT Factory, centred in Dubai, and which caused much damage to the Dubai brand.

The source laughed and confirmed something that we had heard from another – that Carl Freer had bragged that Dubai was considered a ‘safe house’ by the Swedish Mafia. Carl Freer is protected and safe in Dubai.  

The letter about the Dubai Investment Group is at the end – read the documents that show what he did with the PLO so you understand how sneaky this man is.  If you can’t wait – you can see that letter here.  Dubai Investment Group

 

The Palestine Investment Fund (PIF) and PLO were scammed for $20 million by Carl Freer.  We have been asked in some private comments to spell out how the scam unfolded – who was involved.  (Updated to provide links to all documents).

King of Fraud and King of Dubai. The race is on! Can Carl Freer pull off the Watstock scam in Dubai? On the one hand it is the Swedish Mafia ‘safe house’ and he had great success facilitating the IT Factory fraud there. But . . . on the other hand, when he scammed the PLO he also tried to scam the Dubai Investment Fund and they saw through his lies . . . 

The first thing to know is that Carl Freer selected the PIF as the target – they most certainly didn’t choose him. He did so for personal gain – both the scam and to facilitate the enemies of the PLO. He was assisted by Saad Raja, an unscrupulous and willing partner, who would sell out his Arab friends and neighbours for personal gain.

Following Carl Freer’s detailed directions, Raja managed to manipulate the PIF advisor – Husman Kailani – into believing that investing into Carl Freer was an excellent idea – as Carl Freer was a man who knew how to show his gratitude in return for favours.  (See links in previous article)

Neither Carl Freer nor Saad Raja mentioned to the advisor that Carl Freer was under an international arrest warrant and had to report to a Police Station once a week under his conditions for release from prison. They also failed to mention his previous convictions and investigations for fraud – or his links with the Swedish Mafia.

Instead they painted a picture of success. Fake due diligence was undertaken:- reports were prepared that said the future prospects for the company were very good – that the PIF investment was sound based on the information received and supported by third-party endorsers of the company.

On 21 April 2005, the Palestine Investment Fund transferred $20,750,000.00  – having fallen for the barrage of lies and fake documents Carl Freer created.

With the funds in the account it was time to show his gratitude to those who helped, $6,630,120.00 was immediately paid out for a job well done – a nicely executed scam.  (This link shows the below document more clearly –  Carl Freer – HSBC pdf).

Carl Freer Bank Statement. Details of the PLO $20 Million Scam and the $6,630,120.00 he immediately skimmed off for personal use. He also of course continued to steal from the funds that went into Gizmondo as covered elsewhere.

Like all good scams – it was horribly simple. Research and find the right target; locate connected parties who are motivated by greed; build your story and prepare the documentation to support your story.

This is How it was Done –  This is how Carl Freer Scammed the PLO for $20 Million

Carl Freer was the Chairman of Tiger Telematics the public company, and the Managing Director of Gizmondo Europe, a subsidiary.   Below is a document – the one where he certifies the shares are valid – where he signs himself as such.  (Great article by a journalist here.)

Juanita Group Ltd (BVI) was another of Carl Freer’s companies.   It held shares in Tiger Telematic – these shares were sold to PIF, as non affiliated shares. Juanita Group Ltd, HSBC Bank account received the funds – these funds were then dispersed as shown on the Bank Statement above.

The PIF had no idea that this was insider trading, that the shares they received were affiliated to the chairman of the Public Company – nor did they know that their investment would lose $6.6 Million on insider fees.

The documented evidence to prove the above is below.  Our gratitude to those friends who provided the copies of vital documents and emails.

Based on the lies they had been told, and the fake shares they had been issued, the PLO transferred $20,750,000 to Carl Freer’s company. Click here for a better image of this.
Carl Freer assures the PIF the shares are valid as per the agreement between them (below). This is an outright lie and totally illegal.   Clear copy here.
Carl Freer engaged a top law firm to help with the scam. The whole thing was planned. The only funny part is that Carl Freer was also scamming the law firm – he never paid them and they went under.  The more observant among you will have noticed something interesting about the shares transfers in the letter . . . 
This is the “agreement” Carl Freer made with the PLO. The PLO were very clear that the shares were to be non-affiliated and everything was to be above board. Click this link to see the whole agreement. It is a good agreement. One just can’t make an agreement with a criminal.

For Carl Freer To Scam the PLO for $20 Million He Had to Tell Lots of Lies – and He is a Pro at That

Here are some of them, as detailed in the complaint.

1, In March 2005, Raja produced a document saying Deutsche Back were going to raise $75 – $100 million for the company.

2, Raja informs the PIF that Tiger Telematics has $45 million dollars in the bank.

3, Raja produced documents to say that Asiatic Commerce Bank have provided a credit facility of $60 million to Tiger Telematic.

4, Tiger Telematic provided signed agreements with the Bank of America and GE Capital finance for $20 million.

5, The Bank of Scotland had provided a further $50 million in working capital.

These are all false statements designed to the defraud the PIF.

There was not one single word of truth in the statements or forged documents.

For example, the Asiatic Commerce Bank is a Carl Freer company – it is not a bank – it has no money – it is there purely to facilitate frauds.

Carl Freer Lies To The SEC, Just Like He Lied To The USA Authorities About His Criminal Record

In SEC filings Carl Freer says he is the co-founder of a company called VXtreme and that he had sold it to Microsoft – and that he is a trustee of the Kings Medical Research Trust.  These are blatant LIES.

If you click the link you will go the company’s annual report for 2003.  The company is Tiger Telematics.  The report was filed on  April 1st 2003 – April Fools Day.  https://www.sec.gov/Archives/edgar/data/1065581/000126967805000056/0001269678-05-000056.txt

It is 46 pages long and for most people it is more than they want to deal with.  So, allow us to give you the short version.  You can always read the whole thing and come to your own conclusions.

Understand too that these lies are in his SEC filing – it is illegal to lie to the SEC.

Two of Carl Freers most used lies – that he founded a software company that he sold to Microsoft; and that he is a trustee of the King’s Medical Research Trust. This is an excerpt from his SEC filing.

Lie 1.   He was a  co-founder of software company Vxtreme  that pioneered the highly successful video compression technique. 

VXtreme was started in Sunnyvale in 1995 and was indeed a bubble-era  success story, selling itself to Microsoft in 1997.  VXtreme founder Anoop  Gupta, now a Microsoft executive, was asked about Carl Freer’s role. Gupta  replied, by e-mail:

“Carl Freer was not associated with VXtreme, and I do not  know of him.’’

Carl Freer’s claim to have co-founded Vxtreme and to have sold it to Microsoft is a complete lie.

Lie 2.  Mr. Freer is a . . .  trustee of several charities, including  Kings  Medical Research Trust.

As we have covered before Carl Freer was never, and has never been,  a trustee of the King’s Medical Research Trust.

The truth is that Carl Freer approached the Kings Medical Research Trust  and told them he was a philanthropist and would donate several million to  them.  They fell for the scam and were producing letterhead that showed Freer as a Trustee.  Carl Freer had been scamming all along – he never paid them a  single cent and for the past 11 years has been claiming to be a trustee of that austere charity – a documented lie,  which still to this day appears in Carl Freer Bios on the Internet – Bios which Carl Freer pays to be produced.

Carl Freer has similarly scammed Georgia Tech University and Cambridge University NZ.  He and his companies claim to have supported them, but it is just a scam.  He also scammed another lawyer and came up with “evidence” of what a great “humanitarian” he is as detailed here.

Carl Freer is an abject failure in addition to being a criminal.  Every one of his ventures fails.

Every single one of Carl Freer’s corporate endeavours has been a scam – No exceptions – from Pornography to “High Tech” to Car Theft to Media to Watstock PTE Ltd (predicting the future).

Every single one of them has left behind it defrauded investors, law suits, judgements, ruined people: – A partial list of his failures includes Gizmondo; GetFugu; Blowfish Works; Media Power Inc; Goldrush Inc; Oscar Holdings; LogoVision; FilmFunds; Streamline Ventures Inc; John Freer Inc; Serge Media Corp; TV Funds; Gaming Funds; Media Power USA; Magitech; XeroMobile; Alien King Pornography;

Now is the Best Chance To Curtail this Criminal and Restore Faith in Justice for the Thousands of People who have been Defrauded by the Notorious Carl Freer

Carl Freer has advertised on the radio and national media in Dubai that he is launching his new company Watstock – intelligent trading – in Dubai in 33 days time. He is a wealthy individual – homes in Sweden – America – Caribbean;  A stock portfolio – Art works and jewellery.

The Palestine Investment Fund could ask its friends and neighbours to detain Carl Freer and in collaboration determine how to retrieve the stolen funds – the documents above are compelling proof of the fraud.  Also, we now have a large  collection of documents and evidence that we would be happy to share with any genuine action to curtail the activities of this scammer.

The Palestine Investment Fund has many worthy projects that could benefit from the stolen $20 Million – and probably some punitive amount added.  Carl Freer has the money.

Watstock Pte Ltd – Investors, advisors, staff, consumers, creditors and partners (IBM) you have been warned – you can see with your own eyes the documents of fraud against the Palestine Investment Fund. In other articles below you have been informed of other FRAUDS – we urge you to conduct proper due diligence on any business opportunity promoted by CARL FREER.

DUBAI  INVESTMENT  GROUP

 

Carl Freer’s planning in the Dubai Investor Group Scam

 

Catch me – if you can!

7 Replies to “Carl Freer Scammed the PLO for $20 Million – Here is How He Did It and Some Documents to Prove It. NEW – He Also Tried to Scam The Dubai Investment Group at the Same Time”

  1. He gets away with it , because there are important people behind him, most likely criminal, with money from criminal enterprises. He forms multiple companies to launder the money, and gives back some of the monies to cooperative persons . Perhaps even gives some monies back to those who bring him business. He has been under the radar because he moves frequently, and its hard to trace all the companies he has formed. While in the United States, he moved from the east coast , to Aspen, to Santa Monica all with unpaid debt. Yet, large sums of monies are coming into his accounts . If possible try to get ahold of his bank accounts and identify those individuals working with him and transferring funds. I think he is the low guy on the ladder frankly. There are folks behind him, moving large sums of monies, who are most likely much more calculating.

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