Why Carl Freer Today Still Has Assets Worth At Least $100 Million

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.

ASSETS

There is no mention below of the cash hoards he has in accounts around the world.  These will be identified in due course.

Property

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.

Carl Freer’s Property Portfolio is currently worth in excess of $31M

 

Jewellery

 

Shares

Art

Conclusion

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.

 

How Carl Freer Makes Money

Look into my eyes. I have something you want.

One of the most frequent questions we are asked is, “How does Carl Freer make money?”

The simple answer – the thing we have been trying to tell people all along – the whole point of this blog – the bottom line truth – is that  Carl Freer doesn’t make money, and never has made any.

“Making money” as a concept suggests the existence of a product or service that is provided to others as an equitable exchange for their money.

Carl Freer does not have, and never has had, any genuine product or service to provide to anyone.

Carl Freer does not make money – he steals money.  Carl Freer is a thief.

One does not think of a thief as being someone who “makes money”, any more than one thinks of a beggar as being gainfully employed in his chosen occupation of begging.

Thief is not a legitimate occupation.  It does not have a Tax Code.  One does not add Sales Tax or VAT to Thieving.  There are no ads saying, “Thief wanted – $35 per hour base rate plus commission.”  Thieves do not make money – they steal money.

It is an empirical fact that Carl Freer has never made money

Look at the facts.   And here we are not just talking about the courts all around the world that have convicted Carl Freer for being a Thief (Fraudster, ConMan, Cheat, Swindler, Racketeer – call it what you will, it is essentially the same) – we are talking about his record as a businessman.

Over the years Carl Freer has formed companies in America, United Kingdom, Sweden, Vietnam, Hong Kong, Brazil, Singapore and Dubai to name but some of the locations.

Every one of those has failed.  Not one of those has ever had a legitimate product or service to provide to others.

Of course Carl Freer will insist that they did have – but let’s look at that.

He might for example point to Unicorn Labs Pte Ltd, incorporated on Sept 8th, 2015, trading as ULab.    On iTunes and Google Play ULab claims ownership of 17 mobile apps.

Surely ULabs, with 17 ‘products’ it sells to the public was legitimate.

Well, no.  Not even ULab – which out of all of his companies came the closest to seeming like it had legitimate products – made any money.

First of all, the apps are freebies – they are given away.  Secondly, in 3 years of ‘trading’, ULab has only managed to give away 141 total downloads of all apps combined.  That is dismal.

This leads us to the real point here, which is – what is a product or service?

As we all know, people love freebies.  If something with even a small value is offered free, stocks will be depleted in minutes.  The only free stuff that doesn’t move off the shelves is that which is worthless – or worse than worthless.

A stand by the side of the road loaded with fresh tasty apples and a sign that said they were free would be empty of apples before long.  The same stand loaded with rotten apples would not empty.  Some stuff is just so bad that it cannot even be given away.

It is the same with service.  If some tramp came to your car with a filthy bucket of muddy water and a dirty rag and offered to clean your windows free, you would tell them – politely or probably impolitely – that you did not want their free service.

This introduces the idea that to be worthy of being called a ‘product’ or ‘service’ an item must be something that people actually want.

It is not just ULab that could not give away its products.  Look at the Watopedia scam that we highlighted in its infancy and warned people of.  This has 2 apps – Hotstock and Anywear – both of which supposedly make use of cutting edge AI technology to give their users the upper hand.

With just 14 downloads between them since their launch a year ago, it is clear that the consuming public can see exactly where Carl Freer is at.  What is amazing is that the investing public do not have the same ability to perceive.

Hmmmmmm. Sounds like a Bull.

Carl Freer does not have and never has had, any genuine product or service to sell.  He can’t even give his inventions, apps, services or amazing insights into AI, away.

What Carl Freer does sell is amazing stories of how successful you will be if you follow his advice and guidance – he can produce an app which will allow you to increase your profits.

For instance, if you had a car hire company, imagine how profitable the company would be if everybody in the UAE could download your app!

And therein lies the problem.  ”IF.”

Because even dim witted  people know that the public do NOT download apps – especially not those created by any Carl Freer Company.  The general public seem to have a sense about Carl Freer enterprises.  They somehow smell a rat.  Not surprising really – he is a rat.

Think about it – would you give a thief your financial details in order to hire a car?

You should also look out for the Carl Freer  ‘AI assisted App’ which will help you decide what Horse to bet on in a Horserace, and even encourage you to place your bet through the app.  Again why would anybody use an app created and provided by a thief?  People are just not that stupid.

But How Does He Keep Going?

Despite his companies never making any money, despite all the court cases awarding the staff their unpaid wages, and investors and institutions the return of their fraudulently stolen money, it is clear that Carl Freer does end up with a lot of money.

His current lifestyle – supporting wives and mistresses and useless staff/kids in expensive apartments in expensive cities – having to pay continually for reputation management to hide his criminal past from people while he scams them – having to take constant evasive action and the cost of security to avoid the Palestinians – having to constantly appease the Russian Mafia – is estimated to cost close to $500,000 per month.

We have explained in many articles on this site the ways in which he steals, defrauds, cons, or otherwise separates fools from their money.

And yet, it seems, he continues to bring the money in, which in turn could imply that he MUST be selling something of value.

In the interests of finally getting some of the investors to understand what is going on, we have decided to give this ‘product’ or ‘service’ a name.

What Carl Freer Does to Make Money

Throughout history, there are famous examples of people using their position for personal gain.

Prominent among those, and one that most people know of, is Papal Bull 1455 in which the Pope decreed that all lands and all the people South of Portugal – i.e. All of Africa – belonged to Portugal; and thereby set up the slave trade that was to result in mass human trafficking to the Americas – which he decreed, in the less known Papal Bull of 1493, belonged to Spain and Portugal.

The Holy See, God’s representative on Earth, responsible for the souls of all men, was simply seeing to his own personal gain, and through series of Decrees and Bulls, stole not only all property people owned but their lives as well.

People lived in terror of Papal Bulls.  When a new one came out the population would, in unison, moan, “Oh Shit!”

And that, of course, is the origin of the term, “Papal Bull – Oh Shit.”   Abbreviated now to just “Bull-Shit.”    And Bullshit is what our man Carl Freer sells.  It stinks of fraud.  It stinks of manipulation and personal vested interest.  It stinks of deceit.

Carl Freer pontificates endlessly about AI and what a genius he is and the apps he can make that will transform people into millionaires – an endless stream of bullshit.  And people buy it.

Obviously “Carl Freer Bullshit” is a genuine commodity wanted by some.  Some people like that stinky stuff.  And THAT is how he “makes money.”