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.
Danish courts reject defamation claim by convicted Fraudster Carl Freer – verify he is a Criminal and Fraudster
In the Danish article pictured (dated 29th of June 2018) we have the details of how his case was dismantled on the facts by the Danish Courts. Despite having retained some of the best lawyers available (check the links to see if they will ever get paid), and having attempted a massive Internet reputation management campaign, they were unable to hide the truth.
The truth being the fact that Carl Freer is a convicted criminal, on the run to avoid a jail sentence, and relying on wasta to stay out of jail in Dubai.
Carl Freer is a documented liar and cheat – a three-time convicted Fraudster with an outstanding warrant for his arrest issued by the French courts.
These things cannot be hidden.
Carl Freer is halfway through the year 2018. It started with the judgement against Carl Freer of $6.2 million in favour of his previous attorney Terry Wyles. That was soon followed by a subpoena issued by IT Factories liquidators Attorneys in New York. That has now been followed by this judgement against him.
We will monitor and report on the next 6 months. There is much more to come.
The 19th of May 1970 is Carl Freer’s Birthday. That is what is shown on all of his legal documents – his passports, drivers licenses and so on.
However if you go to Wikipedia you will note that Carl Freer’s date of birth is given as 9th May – a very small but deliberate trick so that he can, as needed, invalidate the content of Wikipedia – this has been a deliberate strategy for many years – he can rubbish any negative story by simply saying, “They can’t even get my date of birth correct!” (And then quickly pay to have the truth removed and replaced with false gloss by his stable of ‘editors’.)
For those who understand due diligence a quick visit to the edited history pages demonstrates the enormous lengths and costs that Carl Freer has gone to in order to cleanse his public persona – and yet despite all that effort he couldn’t get his birth date right?
Has It Been Worth it Carl NotMuchFreerThanAFishInABowl – and not free for very much longer?
Enjoying your wonderful lunch at the Four Seasons Hotel – your guests may wonder where your family members are – where your business associates are – but more importantly, where your friends are?
What do you tell them? You have a lifetime of fake achievements – fake companies – fake charitable positions – fake inventions – fake friendships – – – all designed, you thought, to enrich you. So do you feel enriched; does your cup overflow with happiness? We guess not.
Birthdays provide an ideal opportunity to audit your lifestyle, if you have backbone enough to look. Any attempt to establish yourself as a legitimate businessperson will fail unless you first deal with those that you have cheated and lied to. You should start with the first person you cheated and lied to and whose self respect you destroyed – yourself.
If you can’t straighten yourself out, others will do it for you.
Readers have reported that the American subpoenas are starting to bear fruit – in addition, there is growing information regarding the litigating of a cryptocurrency fraud.
We will gather the data and provide the readers with an update in due course.
You can either deal with the truth, or forever have to pay for lies on Wiki, for fake videos on YouTube, for false PR articles in fake media, for Wasta to stay out of a Dubai jail, and for bots to slow our website down.
2018 will be an eventful year for the master criminal Carl Freer.
A year that starts with much anticipation and reveals intriguing orchestration and manipulation as he ducks and dives in a futile attempt to free himself from the snare and its inexorable tugging toward a French jail cell, while appeasing and stalling his handlers for whom he failed to deliver in 2017 – and all while also placating authorities on several fronts.
Before predicting the future let us take a moment to give you some background information in order that you can make your own assessment of what makes this man tick.
Carl Freer’s Father, John Freer, now deceased, was a British Citizen who met and married Maryanne (his mother) in Sweden while working there in a nuclear facility. Carl Johan Freer was born on 19th May 1970.
In 1976 the family moved to San Francisco where his Father became an IBM Programmer. This post lasted for about 2 years before IBM assigned him to duties in France and Belgium.
In 1983, aged 13, Carl Freer’s parents separated and Carl Freer found himself back in Sweden living with his mother.
As a 15 year old Carl Freer dropped out of school and started working full time in Restaurants and Night Clubs. His first fraud that we know of was committed at this time – with no customer demand for it, and on a whim, he ordered in expensive sea food delicacies which he, unsurprisingly, failed to sell and so had to consume himself least it spoil. He was fired for that caper but not criminally charged.
The young Carl Freer had ambition – alas he had neither talent nor inclination to achieve anything by any legitimate means.
With a school friend he decided to get into designer clothing and set his sights on opening a clothes shop – so he went to the bank SE Banken and forged his parent’s signatures to secure a loan and forged various checks. The shop fell through. At the age of 18 Carl Freer became a Father – an event soon followed with his first conviction for Fraud. The Prosecution was brought by SE Banken and his Father repaid the stolen funds and damages.
Carl Freer avoided incarceration as the Judge, regretfully, decided to give him another chance due to his young age and gave him a noncustodial sentence against his better judgement.
A decent man would have learned from his mistakes and changed his ways, but as hundreds of ex-employees, investors, and professionals can attest, Carl Freer is not a decent man. The lessons he learned from his conviction emboldened him and he went on a roll committing numerous frauds at a rate that seems to have overwhelmed the authorities. Swedish Media reports confirm that during this period Carl Freer was directly associated with 14 companies that were abandoned into bankruptcy.
To avoid the Police investigations and creditor actions that were starting to catch up with him Carl Freer moved to Spain where he traded in stolen second-hand exotic cars. By this time we was 26 years old and the Father of two children.
He formed two companies in Spain – Welcom Motors and Riviera Auto Forum – and began a business relationship with Thomas Chelin selling exotic cars that had been stolen in Germany and France.
By the time he was 29 he had been arrested in Spain whence he fled to France where he resumed operations in selling his stolen exotic cars until arrested there whence he fled to Great Britain and resumed the business of selling stolen exotic cars under the alias of Eric Jonsson in a new company – European Car Sales – and was arrested again.
An International Arrest Warrant was issued by the German authorities and Carl Freer spent 3 years fighting extradition by feigning illness and incapacitation until the Germans tried and convicted him (Carl Freer alias Brian Littlejohn) in absentia on 2 counts of Fraud. He was 35 at that point. His then business partner Thomas Chelin returned to Estonia where he was arrested on Drug charges.
Carl Freer felt that a judgement against him in France could be overturned (thereby clearing his name), and after numerous appeals the matter was heard by the Court of Cassation – the highest court in France whose decision is final. To Carl Freer’s great alarm the French High Court investigated the matter diligently and the 3 judges unanimously convicted Carl Freer for his criminal activities, his lies and bad faith, and his involvement with a Mafia ring – and sentenced him to 2 and a half years imprisonment, a large fine and, due to his absence, issued an arrest warrant for his immediate arrest. Carl Freer was 41 at that time and he has been on the run ever since.
(Read this thorough article for more detailed information and documents on his criminal past, including pertinent excerpts of the French case.)
As a serial convicted fraudster Carl Freer has grown accustomed to allegations of embezzlement, fraud and forgery in businesses wherever they are located in the World.
In 2014 a US Judge found him guilty and ordered him to pay Reinhart Boerner Van Deuren S.C. $2,543,450.07. He was additionally ordered to pay Chicago Title Insurance Company $475,000.00. Unsurprisingly these Judgments remain unpaid as the then 44 year old Carl Freer beat a hasty retreat from the USA and established himself in his new location, Singapore.
As we enter the year 2018 Carl Freer has over $3 million in Judgements against him, a record of 5 arrests in 5 different countries, convictions for fraud in 3 different countries, an outstanding warrant for his arrest in France, and an amazing litany of failed companies and ventures in Sweden, Spain, France, England, USA, Hong Kong, Vietnam – to which he has now added Singapore and Dubai.
He has defrauded people and organisations of tens of millions of Dollars, including the PLO which he relieved of $20 Million alone. He has been sued by Banks, PR firms, and Law firms.
(Update: At the time of updating this article, the above video has received 3891 additional clicks in just 24 hours. This is because the authorities are taking a fresh look into this fraud as Carl Freer has demonstrated ongoing anti-Muslim sentiment and activity. The Scandinavian term “Muslimhat” literally means, “Hatred of Muslims”, and nothing could be a greater demonstration of contempt than to steal US$20 million from the poorest Islamic Arabs in the World – or (as he did recently) disrespectfully establish a Stock Investment site called WatSharia using HotStock technology to allow Muslims to play the stock market.)
As we enter 2018 we have to wonder where the now 47 year old criminal will turn next to support his lavish lifestyle. His last ventures – the AI platforms of Watstock and Hotstock – have failed dismally.
One wonders why he does not simply take the money he has stolen and disappear – he could live out his life on the proceeds of his crimes quite easily. But that is not an option for him.
Officials can easily be accused of incompetence – but only to a certain degree. When it gets too outrageous – like getting permanent residency in Singapore, a country that prides itself on screening out criminals, despite having an international arrest warrant – or imitating the King of Dubai – or defrauding the PLO with impunity – one realises that Carl Freer has been facilitated and provided air cover by powerful people, and has debts to repay. Debts he has to repay one way or another.
Carl Freer has few, if any, friends. His love of defrauding people does not stop with rich investors. Carl has to rip off the staff he employs in his scam companies, he has to rip off the professionals he engages, he has to rip off the partners he involves – and he has to rip off his friends. He can make an enemy out of just about anyone – including people that no sane person would ever antagonise.
Sometimes we hope his family is immune from his deceit. Surely he is proud of the family he created – after all he has involved many of them in previous businesses. He would not turn on them too . . . ?
His first common law partner was Camilla Agerstam and together they had two children, Julia and Adam.
His first wife was Anneli Freer and together they had Simon and Ellina as well as Natalie (child of Anneli’s from her first marriage).
His second and current wife is Ericka Freer and together they have Isabella and Jace (child of Ericka’s from her first marriage).
Carl Freer has accumulated 7 children, a common law wife and two marriages.
Are they isolated or protected from him? As you will see below, if you follow the links and read the documents, he involves them in his criminality, minimally making them accomplices if not directly implicating them.
Carl Freer is no doubt hoping that 2018 will be a more peaceful year after the debacles of 2017. He will however find no peace. He has made enemies of thousands of people, alienated his ‘friends’, disappointed his handlers, and endangered his family.
The French are trying to reel him in, and there is relentless pressure from the American and Danish authorities whose pursuit for justice for the victims in the IT Factory scam continues and is gaining impetus rapidly thanks, in large part, to our documents.
The execution of that scam by Stein Baggar, Mikael Ljungman and Carl Freer was simple enough. Below we outline some of the details – it is a little disjointed and thin as, at the request of the investigating teams, we have omitted a lot.
IT Factory stolen funds were used by Media Power to build intellectual property in the “Augmented Reality” sector. This led to a number of Patent Applications being filed on behalf of Media Power. Under American patent law an officer has to be named in the patent application therefore you will see Carl Freer’s name attached to these patents.
Mikael Ljungman had had his name attached to the patents too, but he paid to have his name removed from them in order to hide his involvement.
With the patents filed, Media Power next claimed to have purchased 48% of the restricted shares in Madero Inc. and made public statements to the Security Exchange Commission and through its Accounts that it executed the purchase. However, both statements are false as the company Madero Inc. was paid for by eCommerce LLC and 100% of the shareholding was distributed to a number of entities and natural persons including Carl Freer and Mikael Ljungman.
The above highlights and documents the fraudulent partnership between Carl Freer and Mikael Ljungman in the money laundering of IT Factory’s funds.
The intellectual property, represented by patent applications, was transferred to Carl Freer who in turn transferred it to a company called the Mara Group, a company wholly owned by Carl Freer. The public company Madero Inc. (that was purchased with IT Factory stolen funds) engaged Corporate Evaluation Advisers Inc. to issue a valuation report. They valued the patent applications (regarding the technology called Augmented Reality) at US$35million to US$52million.
Upon receiving the valuation, Madero Inc. purchased the patents from the Mara Group for 25 million shares. At the time of the transaction the shares were valued at US$60million. Madero Inc. then changed its name to GetFugu Inc.
GetFugu Inc. as a public company had to continue to file reports with the SEC. Like all of Carl Freer’s companies it ultimately failed to deliver the product and the promises made to shareholders. The purchase of the patent application occurred on 9th April 2009 and by the 19th May 2010, with the company facing financial ruin, GetFugu assigned all of its assets into a promissory note with Remington Global Capital LLC for $170,000.
8-K Filed May 25, 2010, Line 313:
“On May 19, 2010 , we obtained a bridge loan and issued a Secured Convertible Promissory Note in the initial principal amount of $170,000 to Remington Global Capital, LLC, payable in six months and bearing interest at 1% per month for the first month and 10% per month thereafter, secured by all our assets including intellectual property, and convertible after 6 months at holder’s election into shares of our common stock at $0.004 per share, subject to downward adjustment.”
It will come as no surprise to note that Remington Global Capital is a Carl Freer owned company.
Logovision Inc. (another Carl Freer company) comes into being and they now claim to own the IPR. This carries on for a 12 month period after which Logovision is taken over by Serge Media Group, who now claim they own the IPR.
Upon Serge Media Group’s take over of Logovision it presents a document claiming to buy out Carl Freer’s interests and John Freer Inc’s interests effectively on a promissory note.
After the Serge Media Group had failed to pay Carl Freer, and his name had been unconnected to the intellectual property for a two year period, along with his now being relocated in Singapore, he felt confident enough to come back onto the scene.
Carl Freer terminated the deal with Serge Media Group for non-payment and assigned the IPR Rights to Harrisburg (BVI). Harrisburg (BVI) is owned 50/50 between Carl Freer and a trusted business partner.
Carl Freer had incorporated a company called Tynkerbell in Singapore and then changed its name to iQNECT – who now claim ownership of the IP in sales documentation and marketing material. It somewhat bizarrely resubmits the original patent applications to the US Patent Office in iQNECT’s name. Please note Richard Jenkins wife ( Elizabeth Marie Jenkins) as a shareholder
More bizarrely, the same patent applications were filed with the US Patent Office in Logovision Inc’s name on the exact same day.
This concludes and evidences the fraud, iQNECT’s technology portfolio did not exist, all patent applications have to be unique and original. The applications fail on both counts as Media Power’s/GetFugu/Carl Freer patent applications had been previously abandoned. The correlation being that abandoned applications cannot be re-submitted as original or unique as they have existed prior in the abandoned filings. Carl Freer and Rich Jenkins must have known this as the applications have yet again been abandoned by iQNECT.
1) Augmented Reality Platform and Method using Logo Recognition – US application no. 12/172,803 – Originally Filed 14 July 2008 – Abandoned 8 June 2011
2) Augmented Reality Collaborative Messaging System – US application no. 12/175,519 – Originally Filed 18 July 2008 – Abandoned 5 June 2011
3) Augmented Reality method and system using logo recognition, wireless application protocol browsing and voice over internet protocol technology – US application no. 12/172,843 – Originally Filed 14 July 2008 – Abandoned 21 September 2012
4) Method and Platform for Voice+Location-Based Services for Mobile Advertising – US application no. 12/578,516 – Originally Filed 13 October 2009 – Abandoned 3 August 2012
5) Augmented Reality Platform and Method using Letters, Numbers, and/or Maths Symbols Recognition – US application no. 12/172,827 – Originally Filed 14 July 2008 – Abandoned 3 June 2011
As we enter the 10 year anniversary of the largest fraud in Danish history – the IT Factory A/S Fraud – we join with Carl Freer, the Master Scammer, in raising a glass to what has to be one of the most audacious scams in modern history.
Carl Freer raises his glass in celebration. 10 years on he has still never been charged in relation to the IT Factory scam, and still continues to receive payment from it. No wonder that it, of all the many scams he has been involved in, is the one that most fills his heart with pride and his pockets with cash. It is the scam that keeps on paying and the one he boasts about the most – money stolen in Denmark launched the public company in America.
As for us – we raise a glass to signify the launch of a new impetus to the investigation as we release documents that shed new light on what actually happened. Astonishing documents. Documents that by rights should finally result in Carl Freer’s apprehension and incarceration in either America or Denmark.
First a little recap
The cast of characters that set up and managed the key corporations are all convicted felons and needless to say – but worth pointing out – are hardly like to have planned a legitimate undertaking.
Carl Freer – needs little introduction on this site as we have already detailed his many arrests and convictions and have provided evidence to show that he is – to this date – a fugitive from justice; a man on the run.
Mikael Ljungman – previously involved in the Gizmondo saga with Carl Freer. Had been convicted of fraud in Sweden and later received a 7 year sentence for his part in the IT Factory fraud – and a luxury apartment.
e-Commerce paid for the incorporation of LCM Lombard Capitol Management GmbH. This company received shares in Madero/Getfugu and was used a year later to convince the Board headed by Mr. Sandstrom of Sodermalm Tenants Association in Stockholm that it had real income of SEK7million a year to assign a residential lease to Mikael Ljungman from its previous leaseholder the Head of the Swedish Mafia Roland Bjuhr. His apartment on Strandvagen 41 was transferred into Mikael Ljungman’s name due to the stated income from LCM Lombard Capitol Management GmbH.
If LCM Lombard Capitol Management GmbH was an honest company it wouldn’t have been incorporated using money laundered from the IT Factory scam. If LCM Lombard Capitol Management GmbH was an honest company it wouldn’t have been used to launder shares in Madero/Getfugu. If LCM Lombard Capitol Management GmbH was an honest company it would have had a website, telephone number and business activity apart from being conceived and used to channel IT Factory funds through.
Bjorn Hoglund – He has three convictions in Sweden – In 1995 he received a suspended sentence for forging documents – in 1999 he received a 10 month sentence for accounting fraud, tax evasion and forging documents – 2007 he received a sentence of 2 years and six months for serious tax evasion, fraud and accountancy fraud.
The companies involved
IT Factory A/S – set up in Denmark and leasing and utilising Media Power and IBM technology. Had it been an honest operation rather than a scam it would have been one of the largest tech companies in Denmark and a national success. Instead it crashed with DKK 1.1 Billion in debt – Media Power’s subsidiary e-Commerce received multi millions of dollars from the fraud.
Media Power – 100% owned subsidiary called e-Commerce. Media Power Inc. claimed to be at the forefront of augmented reality technology and might have been an amazing success had it not been conceived by a criminal cabal. Carl Freer and Mikael Ljungman were its founders and Bjorn Hoglund was its Executive Vice President. It “Partnered” with IT Factory.
Madero Inc (Later became GetFugu Inc.) – A shell company created to receive stolen funds – it continues to trade on the stock market to this day, a fascade of legitimacy concealing a dirty truth revealed below for the first time.
Much has been written in the Scandinavian media about the IT Factory fraud and if you so choose you can do further research through Google and the Scandinavian media. ( Google “IT Factory + GetFugu” and click “translate this page” on the results).
We will not rehash the information that you can find by looking up what the media have written. Rather, by adding the missing pieces to the IT Factory puzzle we will show you how the stolen millions were washed through Media Power and its subsidiary e-Commerce and used to purchase assets which have produced even more millions for the participants of the IT Factory fraud for almost a decade.
When investigating any fraud one follows the money. Bank accounts, emails, corporate brochures, US Patent Office and the Securities and Exchange Commission all provide key data, and demonstrate that Carl Freer was, and still is, the primary beneficiary of the audacious IT Factory fraud.
We will show you that the funds from this fraud were money laundered through technology patents and shares in Madero Inc. renamed Getfugu Inc. which is still trading shares in America today.
August 29, 2008: A Public Statement issued by Media Power said that Media Power Inc. had purchased 48% of Madero, Inc. for $264,000, and received 4 million shares of common stock (non-tradable).
Madero was a shell corporation. This statement was false. The truth that Carl Freer, Mikael Ljungman were hiding was that e-Commerce purchased 100% of Madero, Inc. stock utilising the funds stolen in the IT Factory fraud. So sure were they of their ability to muddy the facts that e-Commerce even paid for the office lease for Madero Inc in Rowayton $38,833.50
The documented evidence clearly demonstrates that e-Commerce purchased Madero,Inc with two payments:-
(1) $100,000 on the 1 August, 2008.
(2) $286,000 on the 28 August, 2008.
These payments were made by e-Commerce to Anna Krimshtein’s law firm.
Not satisfied with the public lie about the purchase, Media Power Inc compounded the felony by withholding the fact that the remaining 52% of Madero Inc had ALSO been purchased by e-Commerce. This 52% was the unrestricted stock.
The 52% of unrestricted stock was transferred into companies paid for with e-Commerce funds and incorporated by Sovereign Corporate Services located at PO box 62201, Dubai, United Arab emirates, on e-Commerce directions. (For evidence of this check these three links. LCM LombardMandalay and Stone HarbourLynx)
Further proof of Carl Freer involvement is the email he sent on 23 December to Latham Stearn (who was later appointed Chairman) saying approximately 51% of Madero’s shares are free trading, currently held by a group of “friendly” non-affiliated shareholders (Part of email by CF)
Several months later the unrestricted stock was secretly transferred from these companies into accounts owned by the immediate family of Carl Freer, and thereby put under his control and ownership. The funds used to purchase these shares came directly from the fraud in Denmark’s IT Factory.
So you can see why we said Carl Freer can be characterised as the largest beneficiary of the IT Factory fraud. The monies from this fraud were money laundered through the shares in Getfugu Inc. (previously Madero Inc.)
Unrestricted shares in Getfugu Inc, are still being traded to this day. What shareholders have not known is that all the unrestricted shares were purchased using stolen funds, that the unrestricted shares were placed in offshore companies located in Dubai (see linked data above) and later transferred into Carl Freer’s control through his family members.
In keeping with his dreams of grandeur Carl Freer’s family were registered to the “Paradise Foundation” – no doubt another of his great humanitarian and philanthropic endeavours. Match the Certificate number on this with the number listed on page 2 of he transfer document above.
The documents we have acquired provide the missing evidence of how this fraud was orchestrated. Media Power’s audited accounts are false; Media Power’s statements to the SEC are false; and Madero Inc (renamed Getfugu Inc.) statements to the SEC are false.
We will pass all the data collated on to the SEC, the IT Factory investigation team, American tax authorities and the FBI. We will explain to the authorities in Dubai the role they played in the fraud.
Finally, if there are shareholders in Getfugu Inc who decide to take a class action, all of our information and sources will be made available to you.
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 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:
The Singaporean Chapter of the Irish Chamber of Commerce invited a serial fraudster to give a lecture – and even charged its members to hear it – on a subject he knows nothing about!
This is not a joke – it really happened.
That is right. Some dolt (that’s an ancient Irish word for a dumb klutz) booked a three times convicted, fugitive from justice, criminal businessman to lecture members of the Irish Chamber of Commerce – on how to be an “Entrepreneur!”
Really – With all the Leaders of Industry in Singapore who are trustworthy and deserving of respect, how on earth did anyone manage to decide that Carl Freer was worth listening to? They got defrauded. The Irish Chamber of Commerce is another notch on Carl Freer’s belt – another institution he has scammed.
Well, it seems that either the Serial Fraudster Carl Freer is about to repeat the scam, or the Asian Summit organisers are as gullible as the Irish Chamber of Commerce. Because, believe it or not, Carl Freer is scheduled to be a speaker at the Asia Summit 2017. http://www.millennial20-20.com/singapore2017/speakers/
I am not sure what the ancient Singaporean word for dumb klutz is – but someone has not done their homework. We will of course contact the event organisers and highlight his criminal background.
It seems that out of the 30+ individuals who paid for the morning lecture – none of them chose to look up Carl Freer on the Internet – a Google search would have exposed Carl Freer. Maybe the millennial20-20 organisers will find time to conduct their own Google search – we recommend Scandinavian media reports or the many links on this site which highlight crimes.
Carl Freer views events such as talking to the Irish Chamber of Commerce and Asian Summit as valuable endorsements of him as a businessman.
Those within his current circle (i.e. Bankers, PR firms, Solicitors, and Investors) never trouble themselves to research his background with the diligence that should be the hallmark of professionals – they seem to repeat verbatim Carl Freer false accounts of his history and wealth as one would expect any dupe to do.
They have been beguiled, and their stupefied combined silence and inaction lends Carl Freer a facade of credibility. People look at those associated with him and figure that Carl Freer must be honourable. (When the scam is over the PR Firms, Lawyers and Investors try sue him as they wake up to the fact that they have not been paid, and he laughs about it and moves onto a new set of “professionals” to garner credence.)
Just as a quick exercise, look at how he has set up the Asian Summit scam. Look closely at these little cameos. They have a photo of the person; they state that person’s position; and name the company they work for.
Now look at Carl Freer’s cameo. It says Founder Watstock and Contributor – and then has the Singapore Business Review logo.
If you just glanced at it you would think he works for Singapore Business Review.
If you click on him you realise you are looking at a press release that he wrote and got published in Singapore Business Review. He doesn’t work for the Singapore Business Review. He scammed them. And the press release he wrote – lies, falsehoods, untruths, delusion, devilspeak.
And yet – after the event is over (and in fact even now) Carl Freer will try make it look like he was a key speaker at, and endorsed by, the Asian Summit. We will have a selfie with him in front of their banner. And that somehow makes him OK.
What Should Carl Freer Lecture On?
Carl Freer defrauds people. He cons people out of money. In addition to the criminal convictions he has for fraud, there are many civil cases with tens of millions of judgements against him, and an army of irate people.
Carl Freer spends the majority of each day mollifying people he owes money to. He is hounded on daily basis by friends, ex-friends and associates that he has scammed (he has no principles and will even scam “friends”. He actually has no friends).
These are not the hundreds of people that have judgements against him after successfully suing him. These are the people who have his current contact details and who could get very nasty indeed if he was not so good with his tongue.
Each day he has to call people up and tell them; that he is just about to hit the jackpot; his count-down timer is running; he is nearly there; he can taste the money; they are next on the list to be repaid; he won’t let them down; he is their friend; he hasn’t forgotten them; and . . .
Carl Freer should lecture on Fraud. How to con people. How to weasel one’s way into the pocketbooks of the gullible. How to smooth talk judges and police and immigration officers. How to get a visa and citizenship by lying. How to twist any truth into a convincing lie. How to impress the impressionable by exploiting the ineptitude of Patent Offices with re-inventions. How to set up Foundations, Charities and Trusts as mechanisms to facilitate an image as a Humanitarian, without indulging in a single charitable or selfless act. How to be accoladed as Philanthropist without ever donating a cent. These are the things he is good at. They all involve dishonesty.
Carl Freer should not lecture on entrepreneurship. He cannot point to a single successful venture he has created – so what does he know about entrepreneurship? Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.”
Name ONE company that Carl Freer owned which made a profit. We ask because that company doesn’t exist in public records anywhere in America, Europe or the Far East. There is not one single company that would entitle Carl Freer to be described as an entrepreneur. The word that describes him is Fraud. If you tire of hearing that one try Cheat, Swindler, Grifter, Welcher, Scammer, Shyster, Beguiler or just good old Criminal.
Carl Freer Does Have a Sense of Humour
When he spoke to the Irish Chamber of Commerce, part of his lecture was on Principles! This is really funny. Check this video where he admits to Georgia Tech – when he was scamming them – that he has no principles.
Check out these photos of his boat and cars – he was having fun in California as his “Venture” collapsed in the UK. Investor money bought that boat, bought the multi million dollar house, bought the plane and funded that lifestyle.
Investor money didn’t buy the cars. He stole those.
Principles? No – he has none as he freely admits.
Replace “Venture” with “Fraud” and you will begin to understand Carl Freer. Read this series of articles – they provide entertaining insight into this deviant.
Carl Freer made the Irish look stupid for not conducting due diligence.
Determined not to be outdone the Millennial 2020 organisers for the Asia Summit 2017 have also booked a 3 time convicted fugitive fraudster to speak at their Summit.
Carl Freer is packing his bags for his next break at Amilla Fushi – located in the Maldives. This is a little piece of paradise where the rich and famous go to relax and have fun.
Carl Freer has worked his magic and befriended Amilla Fushi’s Chairman, Michael Flynn and its Manager, Mark Hehir as well as most of the senior Staff. With his well rehearsed cordiality Carl Freer swans into the Resort where he is viewed as a well liked and respected Guest due to the frequency of his visits.
Surrounded by the beautiful and tranquil environment, and with the fawning support of duped Staff, the props are in place. The emboldened Carl Freer sets about finding his new “Investors”.
Most people pack their holiday bags to relax – but not Carl Freer. His laptop is pre-loaded with presentations of the ‘next big thing,’ along with the most important document – his version of due diligence on himself.
In the restaurants he orders food and wine without regard for the price. The best of the best, cooked to his own standard, no butter, no oil. Over long evenings of lighthearted conversations with other Guests he drops hints of his successes and his wealth. He prepares the Amilia’s Guests by confessing that he has enemies and these enemies are jealous of his talents and his successful life. Stories pour from his lips like sweet syrup with a chorus of name dropping . . . Bill and Hilary Clinton, Michael Milkin, Sting, Leonardo Di Caprio, David Beckham and Paris Hilton will all play their roles in his tales of success. By the end his listeners will be seduced – he has delivered the perfect narrative and convinced one and all that they have found their perfect friend. One of the most trustworthy and genuine people in the world, a gifted mind who will share his contacts and his success. During the day you often see him high-fiving bartender friend SK while enjoying a waterpipe and vodka-based cocktail. With a warm smile he’s an easy to get on with guy, approachable and friendly – what’s not to like.
What the Amilla Fushi Guests are unaware of is that when Carl Freer goes on holiday he is there to rub shoulders with the rich and famous, and his primary target is the rich as they may be gullible enough in their relaxed state of mind to unquestionably believe him whilst he is in full flow. In order to support his narrative Carl Freer carries his own due diligence pack – a compilation of falsehoods and obfuscations designed to confound and confuse those who unearth less than savoury details about the man who just presented himself as their personal saviour.
Carl Freer rails against what he calls “black PR” or “Internet character assassination”. He claims he is being attacked by people who misrepresent facts, who are jealous of him, who just want to see him fail.
In his “due diligence pack” Carl Freer has a letter from his mother. It claims that his first conviction was all a misunderstanding about a student loan. It was a misdemeanour. He shows it to people with great pathos on his face – willing them to believe him. And the gullible do.
The fact is that fraud is not a misdemeanour – it is a crime. His crime has nothing to do with a student loan. The judge spelled out very clearly the details of the crime and adjudicated that Carl Freer was guilty of a criminal act.
Why would anyone accept the alleged letter of a mother – who would protect and forgive her son regardless – when this link and this link show the real story of the event as reported in the national papers in Sweden at the time. It had nothing too to with a student loan – it was just straight forward criminality.
The gullible guests, already semi-bewitched, are often too spellbound by Carl Freer to realise that it is not the Internet that has assassinated his character. There are 3 High Court Judges – in Sweden, Germany and France – each of whom, independently of the others, applying due process and looking only at the facts, adjudicated him to be a Criminal. That is what defines his character.
On top of that there is a ruling from the Court of Cassation in France – the country’s highest appeals court – wherein a panel of judges reviewed his case and determined that, based on the evidence, he is a criminal and MUST go to jail. Please take the time to read that ruling here. The translation was done by the French court and it details Carl Freer’s criminal activities, organised crime and Mafia connections, media connections and other salient facts about this would be saviour.
Interestingly, Carl Freer’s “Due Diligence Pack” says nothing about his outstanding arrest warrant – or anything about the many judgements against him.
Instead, it attempts to misdirect people. For example, by claiming that he was once referenced as the 698th Richest Person in the World with a net worth of US$1.1 billion – achieved by the age of 35. This would be a marvellous achievement if true – you may note the lack of detail in the reference he provides. This reference is supposedly provided by Forbes, the list actually says the collective net worth of the World’s 691 billionaires is $2.2 trillion. There were only 691 billionaires on the 2005 list not 698 as CF claims. Here is a link and there is no Carl Freer on that list. To make doubly sure you could check the 2006 list or the 2004 list or even better still contact Forbes, the Author of the 2005 billionaire list, and they will confirm that it only ran to 691.
Carl Freer is a convicted fraudster. He has been tried and found to be a criminal by a panel of judges in the highest court in France, and by 3 other courts. He lies about his wealth – something that he was doing in his teens as described in the very first judgement against him.
With the actual evidence available, why would anyone believe the other “evidence” in his “due diligence pack?”
After all he has a history for exaggerated claims. He states that the UK Liquidators of Gizmondo Europe Limited sold the intellectual property of the company to him (Carl Freer), and even boasts about the press release, issued on 13th May 2008, and asks the reader to accept this as a complete story.
What he fails to disclose is the money given to the Liquidators came directly from the largest fraud in Danish history – the IT Factory fraud.
The truth is the truth. It is an exact thing – there cannot be variations or versions of the truth.
You are invited to contact Mark Fry of Begbies Traynor, the Liquidator for Gizmondo Europe Limited. They hold a bankruptcy demand against Carl Freer for US$6 million – which he has failed to pay – for the so-called sale of intellectual property as mentioned in the press release he uses in his “due diligence pack.” (Mark Fry contact details Call: 020 7516 1500 Email: firstname.lastname@example.org)
The IT Factory Liquidator is Boris Frederiksen and he has an active investigation into Carl Freer. He can be contacted on: +45 72 30 72 22 or email@example.com or via the contact page at www.kammeradvokaten.com.
Another red herring that amuses us is how he spends a great deal of time highlighting the “defamation” he suffered at the hands of the Law Firm Patton Boggs. We have even heard tales that his claim for five hundred million, when settled, will go straight to charities as he wants no personal benefit. How laudable – he surely picks up a few points to support his halo which such a statement. The sticky problem is that the settlement was a walkaway as Patton Boggs also had a substantial counter claim so not one single dollar found its way to the Charity.
The “due diligence pack” goes on to detail other similarly irrelevant events.
The bottom line is that if Carl Freer honestly disclosed:-
that he had been arrested in 5 countries,
convicted for fraud in 3 countries,
has an outstanding warrant for his arrest with a 2 year prison term awaiting him,
has defrauded previous investors of hundreds of millions,
still maintains links to the Mafia who are beneficiaries in his scams,
would Guests at the Amilla queue up to invest in him and his companies?
The most damaging things done to his character have been all the criminal activity, the fraud, the theft, the violence, the organised crime, the cheating, the lies. That is what defines his character. People pointing out the truth about him are not guilty of assassinating his character.
To assassinate Carl Freer’s character you would have to say that he was honest, clean living, cared for others, was as good as his word, honourable, never cheated anyone – and there is no one saying that on the Internet at all (except for Carl Freer himself).
As for the numerous businesses he says he has has sold, ask for a list, the price paid and if they are still in existence now. Again if he is so successful ask for half a dozen investors to provide references. Should be easy – if it is real.
So whilst you are sitting on the beach or swimming in the pool be aware that danger lurks – there really is a malevolent force at the Maldives.
He also claims that the FBI and SEC have not investigated him. We would like to comment on this but unfortunately there are tipping off rules in America and we cannot make any comment.
We can however mention the management for the resort, now armed with the above information, and ask what action are they going to take to safeguard the interests of their guests – or are they ok with having fraudsters and gangster commingling with their quests?
It may be in their best interests to ensure that Carl Freer’s bellowing laughter that echoes through the restaurants and bars is never heard there again.
One would think that IBM would have enough smarts not to go into partnership with a convicted felon and fraudster in HotStock – let alone with one that has already suckered and embarrassed them in the IT Factory flap.
Perhaps it is all just “human error.” And perhaps IBM Watson is asleep at the switch – it certainly doesn’t seem very ‘switched on’ as it is endorsing a known criminal and fraudster.
Perhaps there is something else at work – and perhaps you can figure out how IBM, and their flagship Artificial Intelligence incarnation “Watson” are seemingly so involved in a scam being fronted by a notorious criminal.
Maybe IBM Watson has simply been overwhelmed by one of the most gifted intellectuals of the century – see the article he wrote and the end of this post.
Here is the story so far.
When Carl Freer launches a scam he does so with a count down timer on the front of his site. It is a tool he uses to pressure the gullible into investing in the scam – one of many tools. It is a signature tool. It is something he ALWAYS does.
Usually it works well for him – people are told that if they haven’t paid their money by the time of the launch they will be big losers who will regret their stupidity forever.
Parents around the world use this trick daily to control children. “I told you to go to bed! I’m going to count to 5. One . . . Two . . . “ And the kids scurry off.
It is the pure genius of Carl Freer that he worked out that the same counting trick works on adults who have too much money and not enough sense. The gullible. Those in whom angst can be introduced by the simple act of counting.
Carl Freer had a count down clock for WatStock. Then we came along and told people to do some simple due diligence on the man – the kind of due diligence that one would think anyone would do.
We told people to look. Not believe what we say – just take a look at the available raw data. To look at things like the French Court of Cassation’s ruling that Carl Freer is a criminal and that he must go to jail. That is the highest appeal court. ( Read a translation – done by the Court – here).
The first big sign that people were waking up to who Carl Freer really is was when he missed his initial deadline to launch WatStock and had to reset his launch timer. That second timer ran for a while and then missed its deadline again.
Now the whole WatStock idea has been changed into HotStock – and a new countdown timer started up. Carl Freer hopes that once again people will be too gullible and stupid to question why, and will simply be mesmerised by the counting.
WatStock Fails and Morphs Into HotStock
When we started exposing Carl Freer’s scam, he was claiming loudly that a prestigious professor (and the leading name in ELM) was a Co-Founder and partner and had collaborated with him for 8 years in the development of his App. He also claimed that the professor’s University had collaborated.
The Professor’s publicly withdrawing all connection with WatStock delivered a serious blow to Carl Freer.
Just as he uses the counting trick, Carl Freer also uses the ‘endorsement trick’. And just like the counting trick, he does the endorsement trick every time. He ALWAYS claims support and endorsement from prestigious companies and firms to dupe people into falling for his schemes.
Carl Freer CANNOT sell his scams without riding on the genuine reputation of others. When he scammed hundreds of millions in the Gizmondo fraud, he forged signatures of Microsoft execs, showed false Bank references, fooled Ogilvie into supporting him, had a top UK law firm endorsing him, claimed to be a trustee of a prestigious trust – he will stop at nothing to use and abuse the good names of others to fill his pockets. Another Carl Freer hallmark.
With the Professor gone, a number of potential investors acting on sound and reasoned advice have all walked away from the opportunity of investing in WatStock hence the need to reset the time followed by the need to abandon ship and launch another.
A Brand New App From Carl Freer – HotStock – In Partnership With IBM
Not only that – IBM are also partners in HotStock. If IBM are partners with Carl Freer, then he must be trustworthy – right?
Carl Freer has done a great job of ensnaring IBM. What is mind boggling is that this is not the first time he has done so. IBM and Carl Freer crossed paths in the IT Factory scam – the largest scam in Danish history and one that tarnished IBM – especially in the Middle East
IBM have also collaborated with Carl Freer to create another product – called WatSharia. It encourages people in the Middle East to make money by investing and gambling in the stockmarket.
IBM taking a risk endorsing a criminal and scam artist seems rather ill-advised to us . . . but messing about with Sharia . . .
Perhaps it is only targeting Christians. But then why is it called WatSharia? If it was targeting Christians it would be called WatPsalm or something. Or maybe WatSon.
We leave the subtle nuances of international business and public relations to IBM. (For the record – we do not for one minute think that IBM are actually partnering with, endorsing, or associated with Carl Freer – they are simply the next in a long line of companies that have been duped by him.)
The Major Problems With HotStock
If you listen to the fountain of lies you may be lulled into thinking that it will truly provide riches for all.
However, just the slightest engagement of a single grey cell would tell you to walk away, even if you did not already know that Carl Freer has a 30 year history of scams and cons and that he knows nothing but cheating and lying.
If his App is so good, why would he let you use it? Why would he need investors?
If someone discovered a vein of pure gold running through their back yard, nuggets that could just be picked up by hand, would they tell everyone about it? Would they charge people $23.99 to go to the vein and pick up $1 Million in gold? Would they persuaded people to invest in heavy mining equipment if all that gold was just lying there waiting to be picked up?
If you believe Carl Freer his App is a money maker for everyone. If you believe him he has almost 10,000 followers on the Watstock Instagram.
However, if you look at the facts you will be disappointed with Carl Freer once again. Carl purchased 9,500 followers – they all joined within minutes of each other. Old move Carl – one that most people are wise to.
So let’s imagine it is the best App in the world and it actually can predict the future of the Stock Markets – It still has a few insurmountable problems.
Why do you have to buy it for $23.99 from Carl Freer himself? If he is such a nice guy that he will sell you a tool that will make you millions for such a petty price, why does he not just give it away? After all, he is a Humanitarian. Plus he must have so much money that it would cost him more to collect your $23.99 than he could make in the same time just picking up that gold himself.
And why do the investors only make money if millions of people download and rank the App? Investors are essentially investing into an empty App.
The whole point of the App, the reason it exists, is it predicts the future. And yet the small print says something else.
“Hotstock’s prediction prices are based on AI and forecasting models and the App does not guarantee a return.”
Are people really going to buy an App which predicts the future but doesn’t guarantee a return? How is that any better than using a horoscope, looking at bird entrails, or sacrificing a goat to some oracle?
People have been selling the “Foretelling The Future” scam since before dinosaurs roamed the earth. It is the oldest scam going.
Instead of thinking that a serial criminal may have finally cracked the code of the universe, look instead to what can be easily proven as his accomplishments. He has left a trail of broken dreams and ruined lives behind him. The evidence is overwhelming. He has been arrested in 5 different countries. He is a wanted International Criminal.
Any potential investor in HotStock would do well to look at the facts surrounding Carl Freer, and using human analytics figure out what the likely outcome is for him.
If you are thinking of investing and have any questions, please use the data below to verify what we have said.
ELM – you can contact Professor Guangbin or use the data and links on this site to get more data.
Guang-Bin Huang (黄广斌), PhD Professor of School of Electrical and Electronic Engineering Nanyang Technological University Nanyang Avenue Singapore 639798 Tel: +65 6790 4489, Fax: +65 6793 3318
IBM can be contacted at:
If you have satisfied yourself thus far, look into the company structure. Records are publicly available.
Watopedia, Watgold, Petrofinde, Hotstock, Katching and Watstock are controlled by Carl Freer. The trademark for Watstock is being registered in a different company called Watstock Inc. All company structures have been arranged to hide as much as possible and protect Carl as much as possible.
The facts are that Carl Freer’s companies operate from a temporary serviced office address to give him validity – the Companies are less than a year old – have not filed accounts – have no notable assets as the technology used is open source.
If you still cannot see the light – then read and enjoy this article Carl Freer wrote about himself. (Link to a PDF of the below)