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.
Carl Freer is too old to play this game any longer – a dinosaur in the cutting edge new tech field. He dyes his hair, he does high fives, he tries to talk the talk, but everyone in the industry knows he is faking it. And so does the general public it seems.
Take his latest technology release – the technology that can tell the future, that can make a millionaire out of anyone, that replaces the need to think. Watstock – Remember that?
The one that had a huge countdown timer ticking its way to release. The one that, instead of launching, morphed into Hotstock with a new countdown timer ticking away. When that timer hit zero it all just fizzled away. It simply died. No morphing. No launch. No fanfare. No party. Nothing. Not even a coffin or proper burial.
Here is a link to the site (http://www.watstock.com/) and above is a screen grab of the site taken 2 minutes ago. It announces that Watstock will launch on Oct 1st. Today is the last day of October – where is the launch? How smart is this company? It can’t even predict the month it is going to launch. Its genius founder can’t even be bothered to update the site. (Of course he will do something now that we have posted this. But what does he change the launch date to? November 1st – it is upon us already. Maybe December 1st?)
Investors, backers, collaborators – all have walked away. And so have the public. Only a few were silly enough to download the app – one that was to have made millionaires out of them. Another testimony of failure is this link – https://twitter.com/Hotstockmobile This killer app has two tweets and two followers. We kept a screenshot – below.
Like every Carl Freer venture, the whole thing was a scam – its failure was part of its conception. It joins the last 14 or so “ground-breaking” ventures that Carl Freer has launched – all of which have common denominators of “failure” and “Carl Freer.”
At 47 years old and with 3 failed public companies (Tiger Telematics, Xero Mobile and Getfugu); 15 failed businesses; millions in unpaid judgments; a history as a documented liar; 3 convictions and the need to be continually on the run from the French police, this serial fraudster is an old man in a young man’s game.
Rather than face reality and deal with the fact that at 47 he is too old, Carl Freer has decided to reinvent himself.
The serial fraudster has turned to someone who describes himself as a serial entrepreneur – Chris Reed of Black Marketing.
Chris Reed is the self-proclaimed guru of personal branding. The same age as Carl Freer, Chris Reed is obviously much younger as he sports a mohawk. Carl Freer has become a client.
While we are not sure what the magic is that Chris Reed sells, we can categorically state that truth, common sense, logic, honesty, perceptiveness, and intelligence are NOT core attributes.
Chris Reed has provided an endorsement to assist Carl Freer in repositioning him as a thought leader within an industry – you can now read articles in Singapore Business Review – you can look at Carl Freer’s many videos on youtube where he ponders the future of technology – or read the many promotional bloggers testimonies touting Carl Freer’s greatness. It is all lies – told to hide a sordid truth – fake news with the intention to deceive others. How can Black Marketing operate in Singapore when it’s business is misleading people?
When we unequivocally demonstrated to Chris Reed that Carl Freer is a criminal (an undeniable fact as the primary source were three court judgements) Chris Reed then claimed that Carl Freer is not a criminal in Singapore and maintained his endorsement of Carl Freer – hence you can still read in the Singapore Business Review, Carl Freer’s articles as a contributing editor.
Criminal are criminals. The fact that they move somewhere else does not change that fact. A serial killer from Chicago does not change that fact when he moves to Sydney. A serial fraudster, convicted in 3 countries and arrested in 5, does not suddenly become cured when he moves to Singapore. Singapore is simply the next target. Relocating criminals does not cure them – Australia is evidence of that.
Confronted with the stupidity and immorality of his continued endorsement of Carl Freer, Chris Reed then claimed that Carl Freer is not a client – after just saying he was.
So amazed were we by Chris Reed’s willingness to dodge the truth and endorse a proven criminal, that we decided to check him out – It seems Black Marketing is a wholly owned subsidiary of the Media Group plc which seems to have its own set of troubles. Interestingly it also has a Swedish link – just like Carl Freer.
“The Disciplinary Committee of Nasdaq Stockholm has found that The Marketing Group PLC has breached the regulations of Nasdaq First North (“the Rule Book”) in several respects and, accordingly, has imposed a fine on The Marketing Group amounting to two annual fees, corresponding to an amount of SEK 595,546.”
Mangold are the appointed Swedish adviser. Maybe Mangold could assist Black Marketing and Chris Reed to understand the notoriety of Carl Freer in the Scandinavian media – where he has been described as a hardened criminal, linked to the Mafia, a fraudster still being investigated for his role in the IT factory scandal in Denmark.
In the meanwhile investors, banks, lawyers, police, immigration officials and anyone who ought to have common sense, are advised to be on the lookout for Carl Freer, and exercise their professional curiosity and civil duty by asking one simple question – did Carl Freer provide a false declaration to live and work in Singapore – we say he did – it’s up to others to start questioning.
Carl Freer incorporated a number of companies in 2017, however he is focused on 3 – Intelligentia PTE Ltd – Watopedia PTE Ltd – Watstock PTE Ltd – we urge you to look at the websites – identify the promises – then ask what exactly is the product.
Then search the terms –
Carl Freer + Watstock or Carl Freer + Watopedia or Carl Freer + hotstock
Normally you will find us – we provided additional background and contact details of organisations and individuals who will provide accurate accounts of Carl Freer criminal history.
Carl Freer Due Diligence will always come up with the fact that he has been convicted of Fraud in 3 different countries, by 3 different courts.
Warning: If you do not want to know the truth about Carl Freer – DO NOT READ THIS. You can never un-know what you will read. You will never be able to claim ignorance again. This is due diligence.
Convicted of: Serious Fraud, and Serious Fraud by means of document plagiarism
9 kap 3 § of the penal code
9 kap 3 § and 14 kap 1 § of the penal code
Carl Freer convicted of:
“Damaging the financial position of another for gain by fraudulent representation or distortion or concealment of the true facts thereby causing or maintaining a mistake with the intention of obtaining an unlawful pecuniary advantage for himself or for a third party.”
French Court – Highest Appeals Court whose ruling is FINAL
•Guilty of Fraud,
•Sentenced to 2 years imprisonment,
•Fined €50,000 and,
•Arrest warrant issued for Carl Freer.
Do some due diligence
The following people should be wary of dealing with Carl Freer
Investors, shareholders, banks, landlords, staff members, ex-staff, service providers, creditors, public relations firms, accountants, company secretaries, solicitors, Government ministers, police and judges – all of whom have collectively failed to share information on Carl Freer’s criminal activities and all of whom have been victims of his lies and frauds.
If you fall into any of the above categories, Carl Freer counts on the fact that you will not read this – that you will not look him up.
There can be no opinion about whether Carl Freer is a criminal or not. It is a fact. Three different courts, in three different countries, have adjudicated that Carl Freer is a criminal. (Links are below.)
The last of these courts was the French Court of Cassation – the highest court in France, and a court with the highest of reputations internationally.
Carl Freer had taken his case there in an attempt to get an earlier conviction overthrown.
On Wednesday, 25 January 2012, the Court of Cassation heard the appeal by Carl Freer’s attorneys. After examining the evidence and considering the matter the panel of judges issued their verdict as detailed above – guilty of fraud, sentenced to 2 year jail term and fined €50,000. An arrest warrant is active.
Links to all of this are provided below. As much of this is in foreign languages, we provide a brief overview of the relevant data in the hope that it may assist you.
THE SWEDISH FRAUD
The first conviction was in Sweden on 10/10/1989. As an 18 year old Carl Freer had forged signatures to defraud Scandinavian Private Bank (SE Banken) out of 212,772.40 SEK.
Prosecutor: Sandström, Göran, District Prosecutor Stockholm District.
After his Swedish arrest Carl Freer moved to Vallauris, France, where he registered his new company called Well Com Motors located in Nice with other branches in St. Maxime and Cannes. Carl Freer specialised in secondhand luxury cars, which involved further criminal activity – this time acquiring stolen exotic cars, smuggling them to Germany, Spain and France, and selling them from his company, Well Com Motors, using the alias of Brian Littlejohn.
Carl Freer was arrested in France and promptly fled to England. An International arrest warrant was issued and he spent 4 years in the UK fighting extradition to Germany.
I have attached a translation of the German case prepared by the public prosecutors office. The bill of indictment provides the background of the case. Carl Freer German Judgement
Carl Freer was charged at that time with crimes that some say he still does to this very day: Namely, “Damaging the financial position another for gain by fraudulent representation or distortion or concealment of the true facts thereby causing or maintaining a mistake with the intention of obtaining an unlawful pecuniary advantage for himself or for a third party.”
The Stuttgart public prosecutor, said this of Carl Freer – “the accused will be convicted of the offences as a result of this said evidence, and what very definitely speaks against him is the fact that he used a false name, and that after the cheque’s were dishonoured he disappeared”.
Carl Freer even admitted in an official filing to the Securities and Exchange Commission (SEC) that he has a criminal record. He of course tries to explain it away as a “mistake” or an “injustice” – but the fact is that he admits that he has been convicted.
His statement in the SEC filing reads: “In October 2005, Mr.Freer was sentenced to probation and fined by a Court in Germany, for buying four luxury cars with the a check, though Mr Freer contended he had canceled the checks after believing the cars did not have proper title and immediately informed the authorities. Upon being informed that only one of the four cars had a title issue, Mr. Freer resubmitted the check.” (Needless to say, if that were the truth Carl Freer would not have been been found guilty of a crime and sentenced).
Here is the link to the SEC website showing the filing in its entirety.
When you get that page, Click on item v165106_8k.htm and go down the page to the heading “Director” where you will find the statement.
THE FRENCH FRAUD
As covered above Carl Freer was also convicted in France, with the conviction being fully and finally ratified by the highest Court in France. The panel of judges ordered a 2 year jail sentence, a €50,000 fine, and issued a warrant for his arrest.
I provide links below. One goes to the French Court’s web page where the judgement is posted in French; the Second goes to the court provided translation into English.
Due to the French privacy laws, Carl Freer is referred to as “Mr. Carl X, A National of Sweden.”
One can tell that this is Carl Freer as it talks about the matters openly discussed in the German case. The French judgement references, “the conviction pronounced by the German courts,” including, “Mr.X’s alias.” Court papers also refer to, “the fact that for a luxury car sales professional who operated Well Com Motors under the false name.” The cross reference with the German case included Carl Freer alias of Brian Littlejohn. Furthermore French privacy laws do not extend to corporate identities, therefore Carl Freer’s registered company, Well Com Motors, is named in these proceedings, and the German proceedings.
Here are relevant excerpts from the case.
That it follows from the proceedings that Mr X. was domiciled in France and that he had fled when he was wanted and that he was at the same time sought by the German authorities who issued a warrant for his arrest on 20 April 2001 and that he was subsequently arrested in Great Britain on 7 June 2001 and placed under judicial supervision. . .
Whereas, accordingly, the warrant of arrest for Mr X. of 20 March 2002, issued in accordance with Article 123 of the Code of Criminal Procedure as regards the identity of the person, Article 131 of the Code of Criminal Procedure, validly allowed the latter to be referred to the court, the title remaining otherwise enforceable after the order for reference; That the investigating judge can not be criticized for having sought to defeat the rights of the defense byissuing an arrest warrant for serious acts of organized crime . . .
Whereas it appears from the judgment under appeal and from the pleadings that the investigating judge, having before him facts relating to international traffic in stolen vehicles, issued an arrest warrant against Mr X;
In the present case, in order to reject the objection based on a breach of that principle, the judgment under appeal holds that the accused was convicted in Germany for fraud and not for concealment
In that the confirmatory judgment under appeal declared Mr X. guilty of breach of trust and sentenced him to two years’ imprisonment and a fine of EUR 50 000;
On the grounds that it appears from the German proceedings that Mr. X. stated, at the time of the execution of the request for extradition from the German authorities, that he had sold nine vehicles under the coercion of the Mafia, that he was afraid of reprisals and that he had come to Great Britain in order to protect himself and his family; whereas it is not disputed that the four Porsche vehicles referred to being sold in France by Mr. X., manager of Well Com Motors, and that these vehicles were stolen, that Mr. X . can not validly, in order to prove his good faith, rank with the other professionals. Even when upstream of the traffic and in contact with the source of this traffic, the fact that for aluxury car sales professional who operated Well Com Motors under the false name Z For which it is not justified in any way, to sell repeatedly, In the same stroke of time, the vehicles stolen and then fleeing, abandoning his company and his domicile, testify to his complete bad faith; That the two testimonies from which it relies, drawn from the German proceedings, of which an incomplete copy is produced, no examination of the accused which is in the file contrary to what was announced in the letter of 4 November 2010 of the Council, are not of a nature To contradict this observation in a mafia context that he himself described; That the offense of concealment is constituted in all its elements, material and intentional;
The three court cases above provide the proof you requested in relation to Carl Freer’s criminality.
Please take the opportunity to check the information, and then double-check it.
You are a respected media outlet, you have resources available to undertake your enquiries and we urge you to do so immediately.
You have been targeted by Carl Freer as he needs your endorsement to camouflage his true character, and allow him to perpetrate a new fraud. You’re no longer in a state of ignorance and upon examination of the facts your professional curiosity, along with your civil curiosity, will no doubt allow you to conclude that Carl Freer provided a false declaration on the documents submitted to gain a work permit and residency in Singapore.
Doing nothing at this point is not an option. Endorsing him, wittingly or unwittingly, is aiding and abetting a criminal.
Finally – we invite you to examine the due diligence information on the CarlFreer-scammer website. Carl Freer has not been slow to attack those courageous enough to highlight his criminality. He has previously issued defamation proceedings in Iceland – the proceedings fell at the first hurdle as he had lied to his own solicitors. Since defamation was something he couldn’t follow through, he then opted for harassment – through the Singapore courts we receive a monthly notice along with several individuals included in this process.
Perhaps the best series of articles illuminating his criminal character are these – They are interesting, well researched and well-written and provide an clear insight onto the person your organisation has associated with. Each article links to the next: