An article published in the Scandinavian media on 28th of April 2018 is important as it’s an update on the Danish IT Factory fraud.
The article mentions a company called Logovision – which we checked out.
Had it not been for the threats of extreme violence we received on our initial investigations of Logovision, we may well have let it pass by. After all, we have enough evidence of Carl Freer’s scams and criminality to sink a ship – let alone secure a conviction. Our focus is not uncovering further evidence that Carl Freer is a criminal – our focus has been on assisting the Dubai cops build a bullet-proof case so they can arrest and jail him.
Be that as it may, the reaction we received when we started investigating Logovision was over-the-top, and so we knew we were onto something good. We continued and it has been most revealing.
The Logovision charade was a genuine masterpiece, requiring meticulous preparation, coordination and execution. This was a Carl Freer scam that stood head and shoulders above the regular scams he had heretofore created. With this one he excelled – he shone like few other fraudsters before him have ever done. It was a triumph – a display of magic – quite unlike anything else in its genre – a fraud that will be studied in the most revered schools of skullduggery for ages to come.
Logovision was incorporated on 10 September 2010. Carl Freer was Logovison’s first Director, Chairman, President, Secretary and Treasurer until Carl Freer resigned on 29 March 2012.
Upon inception Logovision was placed into the notorious Carl Freer incubator company, Streamline Ventures Inc., and signed a lease for 54B Snowmass Village, Aspen Colorado.
With its corporate headquarters determined, Carl Freer targeted a small group of investors in Luxembourg, and secured them as its principal investors.
It is an unsolved mystery, and one off the great enigmas of our times, as to how Carl Freer persuaded this group of sophisticated investors to invest millions of dollars in return for minor stakeholding in a totally worthless company.
While we cannot pretend to have discovered all the trickery involved, we did discover this:-
The Luxembourg investors were invited to visit the office, met with the “staff”, discussed the intricacies of the technology Logovision was creating, viewed documents, accounts, websites and other meticulously prepared theatrical props. The attention to detail in orchestrating the scam was masterful.
The climax of their hypnotic tour involved a big-screen presentation in the board room wherein Carl Freer gave them a well rehearsed razzle-dazzle presentation ending with his coup de grace – an email from the hallowed and never-to-be-questioned “Microsoft” which stated that “Microsoft Inc” would acquire 25% of the outstanding shares in Logovision for $100M.
While followers of this site will recognise this ploy – he had faked Microsoft emails in prior scams – several of the unsuspecting and unwitting investors instantly fell for this ruse hook, line and sinker – confidently investing millions of additional funds to get the deal completed.
Never to be second guessed, Carl Freer had arrangements in place for the more cautious investors – a face-to-face with the “Microsoft team.” What could be more convincing than that?
The only hurdle, it transpired, was the scheduling – it became impossibly problematic to schedule all diaries and so, as a compromise, the investors were treated to a conference call with the “Microsoft Team.”
Unsurprisingly, the “Microsoft Team” enthusiastically endorsed Logovision and its unique technology, reiterated the intention to purchase the 25% shareholding for $M100, and informed the awestruck investors that the only delay was a mandatory 60 – 120 day requirement for due diligence.
Finally convinced, the now salivating previously cautious investors capitulated and capitalised the project. They’d been thoroughly duped and they dumped millions to prove it.
Other details of this scam are still unfolding and we are requesting assistance from our readers – especially those who were previously associated with Logovision.
If you have useful information, please contact us in the manner outlined on the site. We are particularly interested in documentation around the Microsoft transaction, but any information would be welcome. You are assured that your communications will be treated with the strictest of confidence.