Carl Freer is an extremely wealthy man. In fact, we would go so far as to say that as a one-man-band he is probably the wealthiest criminal in the world, having personally amassed $178 million over the last 13 years.
His immense wealth is something Carl Freer actively hides from his creditors, staff, current investors and potential investors. We therefore would like to thank the readers that have sent us documents highlighting his wealth, and the readers who directed us on where to look.
Carl Freer will seed-fund creating a new company, located in a temporary office, hire a few staff to put some presentation and marketing material together and get local accountants, lawyers, and PR firms to make introductions – it is viewed as the shop window and allows for new investors to visit the office, to look at the hard-working staff, see the ancillary professionals that have been engaged, and enter into discussions about the new cutting-edge piece of technology he claims to be bringing to the market.
Carl Freer’s modus operandi is to then present himself as someone who’s made investors a great deal of money in the past and can do so in the future due to the unique skill set he has built – he claims that he has temporary financial difficulties and will provide an excellent commercial opportunity if the investors help him immediately – he litters the conversation with “this company is a startup” and “I already have a purchaser in the hundreds of millions once we get through the beta test” and his favorite classic quote “calm seas do not make for good sailors.”
Carl Freer will often “confidentially” show a potential investor a current valuation of one of his watches, pretending that he has had to pawn it to cover his operating expenses. It is all part of the act.
He will use the latest jargon talking about his cutting edge invention that will change the world and make millions.
If challenged Carl Freer uses this site as a example of ‘jealous competitors’ and dismiss any questions raised by referring to a letter from his attorneys which state Carl Freer is an all-around good guy. (It is ironic that the lawyers that falsely created the letter are among those he never paid.)
On this site we have covered the intricacies of his scams many times, showing the lawyers, PR firms, banks, staff, investors and ‘friends’ he has taken for a ride. There is no need to go into further details of his techniques.
Let’s look instead at his wealth.
INCOME – AKA Proceeds of Crime
Please note that with Carl Freer there is no return on investment for anyone. The money detailed below was not used to create or deliver products to anyone beyond those needed to give the scam credibility. This is 99% profit – the expenses are minimal – and it is all his personal gain.
Between the years 2005 and 2018, Carl Freer has been the central figure in multi-million dollar scams.
$21 million removed from the Palestinian investment fund.
$26 million received in exchange for a personal guarantee with two investors in Gizmondo.
$10 million received for the purchase of a luxury yacht through shares.
$7 million received through fake invoices.
$20 million received from IT Factory.
$50 million received for patent applications.
$31 million received from Singapore investors into numerous Carl Freer companies
$5 million received from investors in Vietnam.
$5 million received from Hong Kong investors
$3 million received from investors in Dubai.
This adds up to $178 Million.
Dubai should have been the best watering hole – however it has proven to be dry, thanks to our exposure of this criminal.
Carl Freer is now considering moving to Canada but has recently stated that he would be equally happy in Brazil – regardless of the location we will be monitoring and reporting.
There is no mention below of the cash hoards he has in accounts around the world. These will be identified in due course.
Not included in the list below is “Erica’s Villa” in Barbados – another multi million dollar property from which both Carl and Ericka receive rental income. This property is one the IRS have shown particular interest in.
Staff: If you are staff in one of his scam businesses, do not buy his lies that he is waiting on a big investment coming in. He has more than enough cash to pay all extant and past bills for all companies – without needing to liquidate any asset.
Investors: Do not buy the lies. Ask why he does not invest in his own business. If you catch him by surprise he will tell you that he is not that stupid.
Creditors: Never ever work for this man unless he has paid the bill upfront. If he owes you money, expose him broadly and warn others. Do not be fooled into think he will pay you soon. Read this site and see all the many creditors just like you who eventually filed suit and who still have never received a penny.