One of the great fascinations in following Carl Freer, as with any pathological mythomaniac, is separating facts from fiction.
The way Carl Freer puffs out his chest and preens while telling the story might lead one to believe that his proudest achievement was founding Tiger Telematic Inc and its subsidiary Gizmondo Europe Limited – a fairy tale that anyone associated with Carl Freer, even briefly, will have heard many times. (Link to a series of entertaining articles on Gizmondo by “The Drive”)
Carl Freer did not found Tiger Telematics Inc. It’s a lie. The history of Tiger Telematics reveals that it originated as a Delaware based company called Floor Decor, Inc.
In 2001 Media Communications Group, Inc and Floor Decor, Inc executed a reverse takeover. For the uninitiated, that is a procedure which circumvents usual accounting procedures for a company wishing to become publicly traded. This occurred prior to Carl Freer’s involvement within the company – around the time he was stealing and reselling exotic cars in Europe.
In 2002 Carl Freer was an active director in the UK-based company Eagle Eye Scandinavia Distribution Limited when Floor Decor Inc purchased Eagle Eye Scandinavia Distribution Limited for 7 million shares of its stock on 4 February 2002.
Some months afterwards, in July 2002, Floor Decor Inc renamed itself Tiger Telematic, Inc. The 2002 annual report is where Carl Freer received his first mention – he would later become the chairman of the company.
The biography Carl Freer provided to the SEC claimed that he was a trustee of Kings Medical Research Trust and the founder of a company called Vxtreme. Both of these statements are of course lies. (Link)
Importantly Carl Freer failed to disclose to both the SEC and the board of directors that he had a previous conviction for fraud; that he was challenging an international arrest warrant; fighting extradition from the UK to Germany to face further charges for fraud – which he was subsequently convicted on; and compelled into committing criminal acts at the behest of the Swedish Mafia (or so he claimed as a defence in an attempt to bamboozle the French Court of Cassation – which didn’t work as shown above).
The unsuccessful commercial activities in 2002 finished with the annual report expressing doubts about Tiger Telematics’ ability to continue operating. The company shareholders routinely authorised the increased issue of shares from 100 million to 250 million and then to 500 million. Under Freer’s stewardship the company never produced income and the 2003 annual report held an audit opinion that the amount of equity or debt needed for the company to successfully execute its business plans raised substantial doubts about its ability to continue as a going concern.
Tiger Telematic was essentially a tool used by Carl Freer as a grand PR machine for his various scams. It would pump out press releases regarding sponsorship agreements, joint ventures and strategic partnerships.
As the company entered into 2004 the litigation began.
F1 team Jordan filed a 3 million lawsuit against Tiger for failing to make $500,000 payment due under their sponsorship agreement. 2Games Ltd sued for trademark infringement.
Tiger Telematic Inc was removed from the over-the-counter bulletin board and began trading on the Pink Sheet system. Even though many of the PR statements claimed the company traded on NASDAQ this prestigious goal was never achieved. Yet another Carl Freer lie. Tiger Telematics never became a NASDAQ listed company.
Tiger Telematic Inc’s SEC filings provide documentary evidence that Carl Freer was, and is, a dishonest man, with dishonest intentions for the companies he controlled.
He is a documented liar and cheat who, through persuasion and pathological lying, presents himself as an honest entrepreneur worthy of support and trust.
Every fraud has a beginning, middle and end. In regards to Tiger Telematics the beginning was founded on and laced with lies, the middle was the self-enrichment program, and the end was the company being exposed and abandoned with debts in excess of $200 million.
This exact pattern exists in EVERY Carl Freer venture, company or ‘opportunity’.
Had Tiger telematics conducted due diligence prior to Carl Freer’s appointment events may have turned out differently. As ever the company’s advisors, attorneys, bankers and shareholders were all deceived.
Unfortunately the same can be said of every investor, employee, lawyer, banker or associate that has fallen foul of Carl Freer. Had they done just a little due diligence . . .
That is why this site exists – to make enough of the truth about Carl Freer available and easily discoverable.