In May (6 months ago), using simple human intelligence and logic, we predicted that Watstock and Hotstock, two apps being introduced to the market by the infamous Carl Freer, would prove to be yet another scam perpetrated by him against his new investors. How could we be so deadly accurate with our prediction?
The standard Carl Freer formula was executed – ingratiating himself with the big names in the field to gain credibility by association, articles in the media, paid for blogging, glossy business plan, quick trips to Amilla Fushi in the Maldives to part the rich and famous from their money while they are under the false illusion that they are immune from evil while relaxing in paradise, a pack of lies to ‘dis-prove’ all the negative exposure of his scams on the internet – it is that simple and that easy.
More paid for glossy drivel from Carl Freer to impress the gullible
The investments came rolling in, and Carl Freer continued rolling out the winning strategy. As with every one of his scams, Carl Freer announces it as “The World’s First . . .” (this time an app that uses artificial intelligence to predict the market over a 10 day period) and sets “The Countdown Clock” – for 70 days and counting to the launch of this phenomenal moneymaking app.
More excitement is produced – more investment is made prior to launch date – in the last 10 days Carl Freer is jumping in and out of meetings telling everybody who would listen that this app will change the world as we know it – it predicts the market with 85% accuracy. Artificial Intelligence, Mass Data Management, Predictive Analysis and Outcome Bias are the trigger words – the 70 day frenzy rolled towards its launch date and then – a day before launch – Watstock changes to Hotstock and a new Countdown Timer starts ticking away.
Watstock is abandoned – the website says it is on its way on 1 October 2017. Well that was 54 days ago – and where is Carl Freer?
He is working on his new project. The “World’s First” crypto currency which uses artificial intelligence.
Ravi Menon, managing director of the Monetary Authority of Singapore, says he wants to use a “regulatory sandbox” approach as a testing ground for ICOs. Coin offerings use cryptocurrencies to raise funds for valuable fintech projects. Carl Freer’s new project wants to be in that sandbox so it can attract more money from investors in as little as half an hour by using blockchain technology.
Ravi Menon you are about to be tested.
Use this site to discover who and what you are dealing with – contact us if you need any information or assistance.
Use your human intelligence to do some thorough due diligence.
Carl Freer incorporated The Freer Family Tree Foundation which has been soliciting for donations without relevant permits – the Information provided by Carl Freer’s Charity Foundation is verified to be bogus. The complaint additionally highlights the fact that the Fund-raiser is ambiguous or unable to provide answers to queries on the fundraising (e.g. uses of funds received and name of the beneficiary.)
The Foundation’s chairman is Carl Freer and he uses the Foundation as a self-promotional tool. He has paid for articles and press releases claiming that he is a Billionaire philanthropist and humanitarian – articles that aid and assist in hiding the truth about Carl Freer’s true criminal character.
We decided to file this complaint in response to the latest barrage of threats of violence. We know Carl Freer to be a Mafia connected criminal; a fugitive from justice who likes to issue death threats.
On the one hand he threatens violence – on the other he claims to be a billionaire philanthropist who loves to help needy orphans. The two do not go together.
The Singaporean commissioners of charities have been asked to look into Carl Freer’s eligibility newly, with accurate facts to hand, to determine if he is a fit and proper person to be running a Foundation – let alone a Foundation which, in its own video claims to be, “The world’s first cloud sourcing campaign site.”
(Weren’t Watstock and Hotstock the ‘world’s first’ as well? Aren’t all of Carl Freer’s scams introduced as “world’s first”? Watopedia, Watgold, Petrofinde, Intelligentia . . .)
Carl Freer’s Foundation says it, “works with organisations, homes, shelters and orphanages throughout the world.” This message has been repeated for the past 4 years . . . however we have not identified one organisation, shelter or orphanage that has actually worked with or benefitted from Carl Freer’s humanity. And he himself – despite so many self-promoting press releases and videos – has failed to name a single one.
The Freer Family Tree Foundation is a Nonprofit Organization. Its Linkedin page publicly states it has 6 followers as of today’s date.
Despite only having 6 followers, the promotional video claims it has links in the social media network of over 2 million followers. It also claims to have a shop where you can purchase relief supplies at cost. It also claims they are growing a global network. Claims that are belied by the fact that the only factual evidence available is the LinkedIn page of six followers.
Carl Freer is a convicted serial fraudster – Carl Freer is not a billionaire – Carl Freer is not a philanthropist – he is not a humanitarian. Professional scepticism should be adopted when reading material produced by his hand, or paid for and distributed by his publicists.
Here is a small list of puff pieces paid for and posted by Carl Freer.
When we contacted the Commissioners of Charities in regards to filing the complaint, we were thanked and informed, “You are going to have people who enter the charity sector for self-promotion and less than honest reasons – it’s simply a fact of life – the task is to keep exposing them and their misconduct to those who are looking for the truth. A fraudster running a foundation asking for donations – this sounds highly irregular.”
Like any other sector, charities are not immune to criminal abuse from fraudsters. Fraud poses a serious risk to valuable funds and can damage the good reputation of Singapore charities, affecting public trust and confidence in the sector as a whole. Equally important is encouraging a culture of professional scepticism – everyone is encouraged to play their part in stopping fraud and to come forward with any concerns.
Fund-raiser is ambiguous or unable to provide answers to queries on the fundraising (e.g. uses of funds received and name of the beneficiary)
Charity or organisation is soliciting for donations without the relevant permit
Commercial or third-party fundraiser is unable to show proof that they are authorised by charity to raise funds
There is reason to believe that the funds raised are being misused
Now that this foundation has been exposed – let’s see how long it takes for the website to come down – for the foundation to reinvent itself – this foundation provides further evidence that no one is safe from Carl Freer’s greed and self-importance.
He is not a trillionaire either in case anyone fell for that lie.