Carl Freer Stole His Father’s Soul

This site receives lots of enquiries asking us, one way or another, why Carl Freer behaves the way he does, and this article is an attempt to give people an understanding of the psychological make-up that is Carl Freer – Sweden’s Most Successful Failure.

John Freer, Carl Freer's Father
An Honourable Man – John Freer – Father of a Dishonourable Man – Carl Freer – International Fraudster and Resounding Failure. Carl Freer’s First Crime Was To Steal His Identity To Defraud A Bank

Bottom line – Carl Freer is a thief.   While he has stolen millions of dollars, the most valuable thing he stole was his Father’s persona – along with much of his good name and the goodwill he genuinely earned.  Carl Freer dons that gentle soul’s personality like a grotesque leper wears a mask to hide his disfigurement.

Carl Freer Trying To Emmulate His Father

People meeting Carl Freer for the first time see a ‘kind and gentle soul’, a ‘thoughtful, sharing and caring individual’ who appears to genuinely have their best interests at heart.

Carl Freer is adept at slipping into that character – his Father – and using that charade successfully cloaks from view the fact that he is a genuinely nasty man.  Lepers are disfigured by disease – not something they desire.  Carl Freer is disfigured by choice – in heart and mind and soul.

Close associates, employees, family – they all know who he really is.

Lyndon Johnson allegedly said that every man is trying either to live up to his Father’s expectations or make up for his Father’s mistakes.   Perhaps he should not have used the word “every” – because Carl Freer does neither of these.

As we will show you below, Carl Freer’s Father, John Freer, was a successful man; an accomplished academic and author; a man who helped improve the world we live in and who applied his many talents to constructive endeavours.  He was well-loved and respected by friends, family and acquaintances and those whose lives he touched usually benefitted from the interaction.  He was, and still is, highly regarded by his peers.

John Freer’s expectations were that his son would grow up to be a valuable, contributing member of society.  A man admired and respected by others; a man who could be counted upon and trusted; a man who would enhance the good name of the Freer’s.

John Freer did not make many mistakes.  He had an excellent career and his track record in his profession is unblemished.  But . . .  he was responsible for conceiving his son, Carl Freer. That was his Big Mistake.

Carl Freer shares none of his Father’s virtues

John Freer BSc, DMS, CEng, FIEE was an accomplished author and academic.  He served as the principle consultant at Software Science Limited when he wrote the book, Computer Communications and Networks in 1988.  The Book sold remarkably well due to it’s timely release and the fact that it filled a vacuum, assisting in the building of technologies which we now use on the internet.  Some years later he thoroughly revised and updated the Book whilst serving as principle consultant at Data Sciences UK Limited, a subsidiary of IBM.

John Freer had a remarkable mind.   He was a regular contributor to academic papers and is viewed by many as a key contributor to our understanding of Computer Networks and the Internet.

On the cusp of global recognition and on the eve of the launch of his book in 1988, John Freer suddenly had to return to Sweden as his only son, Carl Freer (18 years old at the time), demanded his Father’s attention in his court appearance after his arrest for defrauding a Swedish Bank.  The fraud had been committed by forging his Father’s signature on loan documents.  (Forging documents continues to be a staple ingredient in the Carl Freer smorgasbord of Fraud).

Carl Freer's Father - John Freer (A good man)
John Freer, Father of the notorious criminal Carl Freer.

As a loving Father John Freer reimbursed the Bank, paid for legal representation and paid the fines that Carl Freer had incurred by being caught for his criminal activities.

John Freer had some frank discussions with his son and discovered that he had long been involved in criminal activities – it was just that this time he had been caught.  Carl Freer was both incorrigible and unrepentant when confronted by his Father.  He would take no responsibility for what he had done and, like a thief might blame his hand for stealing, Carl Freer found endless ways to explain away his criminal lifestyle.

To his enduring credit, it appears that John Freer realised that his son, Carl Freer, had deliberately and knowingly chosen to live his life by stealing, defrauding, misleading and corrupting and had further realised that there was absolutely not one single shred of decency or honesty within Carl that could be appealed to, because . . .

. . . after Carl Freer ratified his career choice by getting himself  convicted of Fraud, his Father turned his back on him; returned to his career in academia, and applied his many skills to help those who would appreciate him . . .

. . . while Carl Freer accelerated his criminal activity and expanded into the dizzying heights of International Crime, breaking records by being arrested in at least 5 different countries, while evading an unappealable jail term for more than 16 years.

The Real Carl Freer

Carl Freer is a nomad.  He moves from place to place to place.  He has to.  If he stays in one place too long the authorities find him, the people he has defrauded find him, and he gets arrested.  Carl Freer is not totally stupid.  He knows that he has to keep moving – the repeated arrests in different countries have finally made him correlate criminal conduct with consequences and location.

He has been sued by Lawyers; Business Partners;  Employees;  PR Firms; and The Authorities.  Staff don’t get paid and investors lose their money. When it gets too difficult, he packs his bags and moves to a different country and starts all over again.

The degeneration of his life all seems to have all started when, at 16, he left school and abandoned the education that had been lined up for him, posing instead as a Washer/Waiter in a Restaurant while starting his criminal empire.  As a Teen, he accomplished his first criminal conviction.  At the age of 21 became a father to his first child, Julia.  (He has had 3 wives producing 5 children, Julia, Adam, Simon, ElIina and Isabella.  There are two adopted children through marriage. He is currently engaged in dissolving his 3rd marriage after hooking up with the next inamorata.)

He has lived in Sweden, Germany, France, Spain, England, Switzerland, Belgium, USA, Vietnam, Singapore and now the UAE.  In all of these Countries he has formed businesses to attract Investors, which he does with great ease by assuming his Father’s charismatic personality, before being forced to leave when people discover who he really is.

Swedish Investigator Kjell Soderberg is quoted as saying in a Los Angeles Times feature that Carl Freer could sell sand in the Sahara and refrigerators to Eskimos.  No wonder he is happy living in Dubai.

Carl Freer Dishonors His Father

Carl Freer's Father - John Freer
John Freer – His Biggest Mistake Was Conceiving Carl Freer – The Disappointment Must Have Been Overwhelming

Throughout Carl Freer’s career he has used his Father’s unimpeachable reputation.  It started with faking his Father’s signature to defraud the Bank. It continued with the (fake) King’s College $6million donation by Carl Freer to gain a Trustees position was for the alleged purpose of constructing a new building to be named The John Freer building in recognition of his Father’s achievements.  The truth was that Carl Freer was at that time facing numerous fraud charges in Germany and needed character references to show the Court that he had mended his ways.  Of course, there was no Trustee position, there was no $6million donation and there was no John Freer building.  And, of course, the Court wasn’t fooled either.

We have previously informed our readers that his Father, John Freer, was pronounced dead by his son in order to escape demands for payment from the Solicitors instructed to form a Trust.

Carl Freer wearing the mask

When his Father actually died in the UK on 4th May 2011, Carl Freer did not attend the funeral as he was in fear of being served legal notice in proceedings brought by investors.  But even in death his Father became an asset to be exploited.  In John Freer’s last will and testimony he left his son GBP50,000.00 – however in typical style, within a short period of time investors had been told that he had invested his inheritance of $1.5million into a new project.

As Carl Freer was not a UK Resident at that time he failed to realise that Wills are publicly available documents.   In fact, if you want a copy of the Will you can write to, “In the High Court of Justice the Probate Registry of Wales” and request from the Probate Registrar a copy of the Will of John Freer who died on 4th day of May 2011.

Carl Freer’s achievements

So what has Carl Freer achieved?

He has/had:-

  • 3 public companies which have collapsed;
  • Dozens of bankrupt companies;
  • Fraud convictions, fines and jail sentences;
  • Many millions of Dollars in Judgements against him;
  • Scores of staff and investors who retch at the mere mention of his name;
  • Carl Freer’s Affiliation is Detailed Herein

    Dozens of people who hate him;

  • Authorities in the USA, Denmark and France who are actively pursuing him;
  • And some pissed off dons.

Carl Freer does not have much to look forward to.  He knows the authorities are going to catch up to him soon.  The new case in the USA is a genuine threat, and the Danes are hot on his heels.  While life in Dubai may seem like fun at times, it is where he helped orchestrate the IT Factory hundred million dollar fraud 10 years ago, and it is where he ripped off the PLO for $20 million.

He faces threats on every hand.  Who will get him first?  Some self-respecting Muslim avenging the fraud on the PLO?  The American justice system?  The Dons for whom he has failed to deliver?  The French?

Interpol has been informed of his whereabouts, and his hosts in Dubai are getting weary of the noise surrounding him and his abuse of his Wasta (Royal family protection).

And . . . maybe the tossing and turning of his Father in his grave is finally starting to haunt Carl Freer.

It’s time to hit the road again Carl.

 

Sweden’s Most Successful Failure – Carl Freer

Carl and Erica Freer – Walk of Fame Criminal Failure Winners

The success of something is measured by monitoring its matrix, and when we say that Carl Freer is Sweden’s most successful failure it is not a spiteful statement – it is an empirical fact.  OMG!

Many things in Carl Freer’s life are on an upward trend.  We have highlighted the increasing arrests – the increasing number of judgements against him – the increasing number of failed ventures in Hong Kong, Vietnam, Malaysia, United Arab Emirates  – and the increasing laughter that can be heard whenever his name is mentioned.

2018 has barely started and Carl Freer has received another Court Judgment against him personally.  By personally we mean of course Judgements like the French one, wherein he was personally found to be a crook, and was personally fined and sentenced to a 2 year incarceration and 50K Euro fine.

(Judgements against Carl Freer companies will be the subject of a later article.  There are tens of  millions in judgements against his companies, and hundreds of millions awarded to creditors.  Here we are covering his personal judgements.)

In the most recent Judgement – achieved just days ago – US Aluminaid’s in-house Lawyer, Terrence Wyles, obtained a $6.1 Judgement against Carl Freer and his wife (and business partner)  Ericka Freer.

Terrance Wyles has just obtained a $6.1 Million against Carl Freer

The Judgement names other individuals who are jointly and severally liable.  The Judgement is dated the 17th January 2018 and ordered by District Court Judge, Charles M. Pratt, case number: 2014CV30600 District Court Arapahoe County, State of Colorado.

Mr. Terrence Wyles can be contacted on: 303-880-0884 or email: terry.wyles@startupiplaw.com

This Judgement does not stand alone:

1.  Reinhart Boerner Van Deuren SC – have a judgement against Carl Freer for the sum of $2,543,540.07.

2.  Chicago Title Insurance Company have a judgement against Carl Freer for the sum of $475,000.00.

And so in total in the first month of January 2018, Carl Freer has three Court Judgements against him personally totalling $9,122,060.76

On top of these Judgements;

a.) the Gizmondo Liquidators have previously prepared bankruptcy papers to be served on Carl Freer for $6million, and,

b.) the long-running investigation being conducted by the Danish Authorities into the IT Factory fraud keeps moving forward as Carl Freer can be seen as the principal benefactor of that fraud.

c.) we have heard the PLO are not happy about the fraud against them. . . and neither is The King.

2018 could turn out to be a very bad year for Carl Freer. He dreamt of making a fortune and from the criminal records and judgements that stand against him it is clear he did not particularly care how he made it – and that he never intends to honour a single debt.

What we have not revealed previously is that from the hundreds of millions that he has scammed from people, Carl Freer squirrelled away vast sums into his personal Swiss Bank Accounts.

We can reveal that  Carl Freer emigrated to Switzerland in 2002 to serve this very purpose.

Carl Freer is wealthy and chooses not to make these payments as they fall under the heading of Professional Consequences of a Career Fraudster.

We would ask Readers to share this information as we hear that Carl Freer is still managing to entice new Investors into his World changing new products Scams.

UNLOCKED: Condemned, Convicted and Sentenced to 2 Years in Jail by the Highest Court in France – Carl Freer is a Wanted Criminal – He Has Been On The Run For 16 Years – Scamming All The Time

Carl Freer Jail is a common search query on this site. And Yes, he has an unserved 2 year jail sentence, an outstanding Euro 50,000 fine and an active arrest warrant in France.

Carl Freer in FranceHe had hoped, in 2012, that he could appeal his conviction of a decade earlier and stop running – but, on examining the case, the highest court in France – the Court of Cassation – the Supreme Court of France –  the final appeal court for all criminal matters – determined that he must go to jail.  

Carl Freer has actually been on the run since at least 2001 when the Germans first charged him for fraud.  He had been, and some say he still is, involved with organised crime.

Carl Freer Jail
The Court of Cassation ruled that Carl Freer MUST go to jail

The Court of Cassation’s ruling on Carl Freer  is also excerpted and linked below, after we have provided sufficient background information to fully understand it.

Before reading it we advise that one should have a concise, but clear, overview of Carl Freer.

Carl Freer is not a petty criminal. He is a career criminal. He commits fraud and has been doing so relentlessly for at least the past 25 years.

It astonishes us that people who are supposed to do due diligence on him seem to only find the puff PR he publishes about himself, and not the arrests, court cases, and judgements that courts and officials publish about him.

This is not confined to greedy, gullible, investors – but includes official bodies that have detailed KYC (Know Your Customer) procedures in place as legal requirements before they may engage with him.  How is it that they miss all the actual facts about Carl Freer – all of which can be easily located with just a modicum of effort?

How does Withers Khattarwong Solicitors fail to spot the fact that he gave them an old address in their KYC, let alone fail to discover the extent of his criminal record?  They clearly chose not to make any enquires, or do any internet searches and challenge the client with the findings.  Similar ineptitude has cost other law firms dearly.

How does the DBS Bank fail to identify Carl Freer as a convicted fraudster in their KYC?   How do they determine it is correct to give him bank accounts enabling him to open 10 companies in Singapore?

How does someone who has been arrested in 5 countries; who has three criminal convictions; who is on the run; who has millions in judgements against him ever enter Singapore. . .  let alone get a work pass and permanent residency?  What is the point of having a criminal code if not to curtail the activities of people like Carl Freer?

Like all criminals, Carl Freer does the same things over and over.  It is a repeating pattern.  It is not difficult therefore to predict the outcome of any of his ‘ventures.’   It needs no Artificial Intelligence or assistance.  It is hallucinatory to think that his new businesses have legitimate goals, or that he has reformed.

For Those Unable to Find the Facts on Carl Freer, Here is A Very Brief Summary of His Easily Discovered Past and Why He Has Been Ordered To Jail

Carl Freer started his criminal activity in Sweden.  As a teenager he faked his parents’ signatures and managed to fraudulently obtain a loan.  He then scammed the bank, using fake checks, for tens of thousands of dollars.  He was arrested and convicted – sentenced to 18 months probation and fined EUR 200,000.

He claimed it was all a misunderstanding.  He also claimed he was a Humanitarian doing charitable work as evidence of his good character.  This article links to all relevant media and covers how he scammed a lawyer into setting up a Foundation for nothing – a foundation that does not actually exist.

Carl Freer was next arrested in Spain.  He had stolen some exotic cars in Germany and taken them to Spain where he set up a business selling exotic cars.   He was caught and arrested.

He skipped bail and fled to France, where he set up a new business  – selling stolen exotic cars.  Once again he was caught and arrested.

Carl Freer skipped bail and fled to the UK, where he once again set up a new business – selling stolen exotic cars.

He was arrested again after Interpol tracked him down on an international arrest warrant issued by Germany – who wanted him for stealing exotic cars.

Carl Freer had been doing his stolen car trafficking under the false name of Brian Littlejohn.

Carl Freer challenged the extradition attempt, claiming that it was all a misunderstanding.

He had not stolen the cars, he had simply not paid for them because he thought they were already stolen.  Clearly, In his mind, something twice stolen equals legitimate ownership.

Carl Freer also defended himself at that time by claiming that not only was it all misunderstanding, but he was a Humanitarian and Philanthropist as evidenced by the fact that he was a Trustee of the prestigious King’s Medical Research Trust.  As we have extensively covered that was a scam and is a complete lie.

While having to report to the British Police weekly, Carl Freer decided to give up the stolen car trafficking and start a high tech business instead –  Gizmondo.

The bright idea behind Gizmondo is that it was a tracking device – one that kids would willingly have with them as they could play games and do other things on it.    Some have said that it was inspired by the tracking device that Carl Freer was forced to wear while under judicial supervision.

Carl Freer Jail in Dubai next?
Carl Freer – Consumate ConMan scammed the PLO but failed to scam Dubai – so he his trying again.

It was with the Gizmondo that he scammed the PLO out of their $20 Million, and a lot of other people too.  He forged documents, claimed endorsement from  Microsoft, lied and cheated and scammed.   He claims to have amassed a billion dollars in investments.  That was 2005.

Once he had all the investor’s money, and had launched his ‘product’ in an extravagant event accompanied by exotic cars, he siphoned off many millions, resigned from the company and took off for the USA.  (Video.  7 Part article)

As he fled for the USA, Carl Freer stole several exotic cars which he took with him.

Support letter from the CEO of his company that claims Carl Freer is a British National – outright lie.

He also lied to the US authorities to get a visa.  He claimed he had never been arrested, had no criminal record, was a British national, and gave his car dealership – the one he was arrested for selling stolen cars from in France – as an example of his fine business skills that would be put to use in America.  (New evidence – letter in support of his Visa Application.)

Carl Freer moved around the USA, creating new scams, incorporating new companies, and stealing more money.

Concurrently he also built up his ‘humanitarian and philanthropical portfolio’ with further lies and deception.  He scammed Georgia Tech University and Canterbury University into endorsing him.

When it would get too hot in an area he would just move to another – leaving scammed people and law suits in his wake.

Expensive, usually stolen, cars are a constant accompaniment in Carl Freer’s life.

After being arrested in Los Angeles as a consequence the world famous incident involving the destruction of a Ferrari Enzo, it was time to move on.

Carl Freer had incorporated over twenty companies, had scammed thousands of people people and many big names – Ogilvie, IBM, Microsoft, MTV, Georgia Tech and others.

America had been good to him.  But . . .

. . . his defence of, “It was all a big misunderstanding” and, “I’m a  humanitarian and and philanthropist” was not really working all that well – mostly because of his insane decision to falsely add, “I’m a  duly appointed, legitimate, Federal Agent” to his “good guy” portfolio.

Humanitarian, Philanthropist, Dept of Homeland Security Agent – all round good guy (not)

He had attracted the attention of law enforcement by using that fake badge to buy an arsenal – it was definitely time to move on.  He feared jail.

His next major stop was Singapore where once again he lied to get a work pass and residency.

Convicted criminals are denied entry to Singapore – and Carl Freer is not only a convicted criminal, but a criminal with a large backlog of convictions waiting to catch up with him.

And, as covered above, he lied to get bank accounts so he could set up companies as Director or shareholder part of his next big scams – Uniqorn Lab PTE Ltd, Shop on Mobile PTE Ltd, Wow Messenger PTE Ltd, Kaching Mobile PTE Ltd, Unicorn 7 PTE Ltd, Watstock PTE Ltd, Watpetrol PTE Ltd, Watopidia PTE Ltd, Aluminaid PTE Ltd and Iqnect PTE Ltd.

Carl Freer is currently working on launching Watstock in Dubai – an artificial intelligence product that will predict the stock market with never before seen accuracy.  Or so he says.  We have issued a Scam Alert.

Once again he is claiming alliances and endorsement with a major university,  the leading Professor in AI, and IBM.  All lies.

And once again he is adding content to his fake ‘humanitarian and philanthropist portfolio’.  The internet is now awash with pictures of impoverished African children all waving and cheering and thanking Carl Freer – the only downside being that those are purchased stock images that have no basis in reality.  No underprivileged child has ever benefited from Carl Freer’s benevolence.  He hates the ‘underclasses’ and his only interaction with them is to use them for his personal gain.

Predicting the future is as old as the hills and has been peddled since the dawn of Man.  Back then it was bird entrails, tea leaves,  oracles and crystal balls – now it is Carl Freer and Watstock.  Maybe the Banks and the Authorities can predict his future.  All it requires is a little intelligence and enough balls to act within the framework of the law.

Like all Carl Freer scams, this promises incredible riches to those gullible enough to invest with a serial fraudster and Mafia linked criminal.

The French Court of Cassation sees right through Carl Freer’s Lies and Orders Him To Jail

Here are some snippets from the French Court of Cassation.  You can read the whole thing in French, or in English as provided by the Court.

Carl Freer is referred to as Mr Carl X.  Or Mr X.  If you have read the German Judgement you will recognise Carl X as Carl Freer.  (Z is Brian Littlejohn – the alias he used and the name of an earlier landlord – Carl Freer kept using the address).

Carl Freer had appealed his prior conviction.  After examining the facts, the Court of Cassation determined that the sentence of 2 years imprisonment, and the fine of EUR 50,000, were correct and ordered the continuation of the arrest warrant.  They said he must go to jail.

Text has been highlighted by us – otherwise it is exactly as provided by the Court.

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 by issuing 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 a luxury 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;

SUMMARY

Carl Freer is an incorrigible criminal.  He has been at it for years.

His Modus Operandi is to come up with a great sounding idea that, if it were executable would in fact be lucrative.  He then claims alliances and endorsements from leading brands in that sector, and forges documents to support his hype.  He stops at nothing.  He becomes people’s best friend to get their money out of them.

His overriding intention is to attract and steal money – he cares nothing for the idea or concept he is selling, no matter his apparent enthusiasm for it.  Carl Freer is very persuasive and smooth, and people become bewitched.

His criminal past constancy haunts him, and so while building up a scam Carl Freer frantically tries to create an illusion of being a decent human being.  He tells lies and invents things he thinks people will like to hear.  In truth he does not give a damn about any of that – just as he does not care about the law, about fair play, about his family, about his ‘friends’.  Do you really think he cares about  you?

Snake Oil salesmen have been around for years, as have fortune tellers.  Some people just want to put their faith in something other than their own common sense, and so those businesses will always be with us.

That said – this is one charlatan you should avoid, or immediately disengage from.  He means you no good.

Carl Freer Scammed the PLO for $20 Million – Here is How He Did It and Some Documents to Prove It. NEW – He Also Tried to Scam The Dubai Investment Group at the Same Time

Breaking News – new documents received! Who in Dubai is protecting Carl Freer?

After posting this article we were contacted by a new source – we have verified the person’s credentials and thank them for coming forward.

This source informed us that at the same time that Carl Freer scammed the PLO, he also tried to do the same things with the Dubai Investment Group.  

This was all progressing well until the  Dubai Investment Group got wise to him and pulled out.  We have been promised more documents, but in the meantime have been sent the below letter from Carl Freer’s lawyer to him as evidence.

We asked the source how Carl Freer, with his criminal record and track record of fraud, could go to Dubai to pull off his next fraud.   The Dubai authorities know who he is after he attempted to scam them out of $30 Million.  He was also involved in the criminal acts committed by IT Factory, centred in Dubai, and which caused much damage to the Dubai brand.

The source laughed and confirmed something that we had heard from another – that Carl Freer had bragged that Dubai was considered a ‘safe house’ by the Swedish Mafia. Carl Freer is protected and safe in Dubai.  

The letter about the Dubai Investment Group is at the end – read the documents that show what he did with the PLO so you understand how sneaky this man is.  If you can’t wait – you can see that letter here.  Dubai Investment Group

 

The Palestine Investment Fund (PIF) and PLO were scammed for $20 million by Carl Freer.  We have been asked in some private comments to spell out how the scam unfolded – who was involved.  (Updated to provide links to all documents).

King of Fraud and King of Dubai. The race is on! Can Carl Freer pull off the Watstock scam in Dubai? On the one hand it is the Swedish Mafia ‘safe house’ and he had great success facilitating the IT Factory fraud there. But . . . on the other hand, when he scammed the PLO he also tried to scam the Dubai Investment Fund and they saw through his lies . . . 

The first thing to know is that Carl Freer selected the PIF as the target – they most certainly didn’t choose him. He did so for personal gain – both the scam and to facilitate the enemies of the PLO. He was assisted by Saad Raja, an unscrupulous and willing partner, who would sell out his Arab friends and neighbours for personal gain.

Following Carl Freer’s detailed directions, Raja managed to manipulate the PIF advisor – Husman Kailani – into believing that investing into Carl Freer was an excellent idea – as Carl Freer was a man who knew how to show his gratitude in return for favours.  (See links in previous article)

Neither Carl Freer nor Saad Raja mentioned to the advisor that Carl Freer was under an international arrest warrant and had to report to a Police Station once a week under his conditions for release from prison. They also failed to mention his previous convictions and investigations for fraud – or his links with the Swedish Mafia.

Instead they painted a picture of success. Fake due diligence was undertaken:- reports were prepared that said the future prospects for the company were very good – that the PIF investment was sound based on the information received and supported by third-party endorsers of the company.

On 21 April 2005, the Palestine Investment Fund transferred $20,750,000.00  – having fallen for the barrage of lies and fake documents Carl Freer created.

With the funds in the account it was time to show his gratitude to those who helped, $6,630,120.00 was immediately paid out for a job well done – a nicely executed scam.  (This link shows the below document more clearly –  Carl Freer – HSBC pdf).

Carl Freer Bank Statement. Details of the PLO $20 Million Scam and the $6,630,120.00 he immediately skimmed off for personal use. He also of course continued to steal from the funds that went into Gizmondo as covered elsewhere.

Like all good scams – it was horribly simple. Research and find the right target; locate connected parties who are motivated by greed; build your story and prepare the documentation to support your story.

This is How it was Done –  This is how Carl Freer Scammed the PLO for $20 Million

Carl Freer was the Chairman of Tiger Telematics the public company, and the Managing Director of Gizmondo Europe, a subsidiary.   Below is a document – the one where he certifies the shares are valid – where he signs himself as such.  (Great article by a journalist here.)

Juanita Group Ltd (BVI) was another of Carl Freer’s companies.   It held shares in Tiger Telematic – these shares were sold to PIF, as non affiliated shares. Juanita Group Ltd, HSBC Bank account received the funds – these funds were then dispersed as shown on the Bank Statement above.

The PIF had no idea that this was insider trading, that the shares they received were affiliated to the chairman of the Public Company – nor did they know that their investment would lose $6.6 Million on insider fees.

The documented evidence to prove the above is below.  Our gratitude to those friends who provided the copies of vital documents and emails.

Based on the lies they had been told, and the fake shares they had been issued, the PLO transferred $20,750,000 to Carl Freer’s company. Click here for a better image of this.
Carl Freer assures the PIF the shares are valid as per the agreement between them (below). This is an outright lie and totally illegal.   Clear copy here.
Carl Freer engaged a top law firm to help with the scam. The whole thing was planned. The only funny part is that Carl Freer was also scamming the law firm – he never paid them and they went under.  The more observant among you will have noticed something interesting about the shares transfers in the letter . . . 
This is the “agreement” Carl Freer made with the PLO. The PLO were very clear that the shares were to be non-affiliated and everything was to be above board. Click this link to see the whole agreement. It is a good agreement. One just can’t make an agreement with a criminal.

For Carl Freer To Scam the PLO for $20 Million He Had to Tell Lots of Lies – and He is a Pro at That

Here are some of them, as detailed in the complaint.

1, In March 2005, Raja produced a document saying Deutsche Back were going to raise $75 – $100 million for the company.

2, Raja informs the PIF that Tiger Telematics has $45 million dollars in the bank.

3, Raja produced documents to say that Asiatic Commerce Bank have provided a credit facility of $60 million to Tiger Telematic.

4, Tiger Telematic provided signed agreements with the Bank of America and GE Capital finance for $20 million.

5, The Bank of Scotland had provided a further $50 million in working capital.

These are all false statements designed to the defraud the PIF.

There was not one single word of truth in the statements or forged documents.

For example, the Asiatic Commerce Bank is a Carl Freer company – it is not a bank – it has no money – it is there purely to facilitate frauds.

Carl Freer Lies To The SEC, Just Like He Lied To The USA Authorities About His Criminal Record

In SEC filings Carl Freer says he is the co-founder of a company called VXtreme and that he had sold it to Microsoft – and that he is a trustee of the Kings Medical Research Trust.  These are blatant LIES.

If you click the link you will go the company’s annual report for 2003.  The company is Tiger Telematics.  The report was filed on  April 1st 2003 – April Fools Day.  https://www.sec.gov/Archives/edgar/data/1065581/000126967805000056/0001269678-05-000056.txt

It is 46 pages long and for most people it is more than they want to deal with.  So, allow us to give you the short version.  You can always read the whole thing and come to your own conclusions.

Understand too that these lies are in his SEC filing – it is illegal to lie to the SEC.

Two of Carl Freers most used lies – that he founded a software company that he sold to Microsoft; and that he is a trustee of the King’s Medical Research Trust. This is an excerpt from his SEC filing.

Lie 1.   He was a  co-founder of software company Vxtreme  that pioneered the highly successful video compression technique. 

VXtreme was started in Sunnyvale in 1995 and was indeed a bubble-era  success story, selling itself to Microsoft in 1997.  VXtreme founder Anoop  Gupta, now a Microsoft executive, was asked about Carl Freer’s role. Gupta  replied, by e-mail:

“Carl Freer was not associated with VXtreme, and I do not  know of him.’’

Carl Freer’s claim to have co-founded Vxtreme and to have sold it to Microsoft is a complete lie.

Lie 2.  Mr. Freer is a . . .  trustee of several charities, including  Kings  Medical Research Trust.

As we have covered before Carl Freer was never, and has never been,  a trustee of the King’s Medical Research Trust.

The truth is that Carl Freer approached the Kings Medical Research Trust  and told them he was a philanthropist and would donate several million to  them.  They fell for the scam and were producing letterhead that showed Freer as a Trustee.  Carl Freer had been scamming all along – he never paid them a  single cent and for the past 11 years has been claiming to be a trustee of that austere charity – a documented lie,  which still to this day appears in Carl Freer Bios on the Internet – Bios which Carl Freer pays to be produced.

Carl Freer has similarly scammed Georgia Tech University and Cambridge University NZ.  He and his companies claim to have supported them, but it is just a scam.  He also scammed another lawyer and came up with “evidence” of what a great “humanitarian” he is as detailed here.

Carl Freer is an abject failure in addition to being a criminal.  Every one of his ventures fails.

Every single one of Carl Freer’s corporate endeavours has been a scam – No exceptions – from Pornography to “High Tech” to Car Theft to Media to Watstock PTE Ltd (predicting the future).

Every single one of them has left behind it defrauded investors, law suits, judgements, ruined people: – A partial list of his failures includes Gizmondo; GetFugu; Blowfish Works; Media Power Inc; Goldrush Inc; Oscar Holdings; LogoVision; FilmFunds; Streamline Ventures Inc; John Freer Inc; Serge Media Corp; TV Funds; Gaming Funds; Media Power USA; Magitech; XeroMobile; Alien King Pornography;

Now is the Best Chance To Curtail this Criminal and Restore Faith in Justice for the Thousands of People who have been Defrauded by the Notorious Carl Freer

Carl Freer has advertised on the radio and national media in Dubai that he is launching his new company Watstock – intelligent trading – in Dubai in 33 days time. He is a wealthy individual – homes in Sweden – America – Caribbean;  A stock portfolio – Art works and jewellery.

The Palestine Investment Fund could ask its friends and neighbours to detain Carl Freer and in collaboration determine how to retrieve the stolen funds – the documents above are compelling proof of the fraud.  Also, we now have a large  collection of documents and evidence that we would be happy to share with any genuine action to curtail the activities of this scammer.

The Palestine Investment Fund has many worthy projects that could benefit from the stolen $20 Million – and probably some punitive amount added.  Carl Freer has the money.

Watstock Pte Ltd – Investors, advisors, staff, consumers, creditors and partners (IBM) you have been warned – you can see with your own eyes the documents of fraud against the Palestine Investment Fund. In other articles below you have been informed of other FRAUDS – we urge you to conduct proper due diligence on any business opportunity promoted by CARL FREER.

DUBAI  INVESTMENT  GROUP

 

Carl Freer’s planning in the Dubai Investor Group Scam

 

Catch me – if you can!

Which of These Does Carl Freer Have in Common With Earnest Hemingway – Mythomania or Pathological Lying?

OK – that is a trick question.  Earnest Hemingway was one of the more famous people to bring the mental disorder of mythomania into the sphere of public knowledge.  It is also known as pathological lying – same thing.

Case in point – this is a 5 times arrested and twice convicted felon who is pretending to be a policeman

Hemingway had been a US soldier when the allies finally broke through the enemy lines and arrived in Paris.

As everyone knows, defeating the Nazis was a major international effort – tens of millions of people were involved, thousands of individual battles, uncountable campaigns, scores of generals and field marshals.  Millions of people died.

And yet, if you listened to Earnest Hemingway, it was he who had liberated Paris!  He was the first one in there – if it had not been for him Paris would have remained under Nazi occupation.  He was the hero who lead the way, vanquished the enemy, and won the hearts and minds of an entire city.  He was the liberator.

This was a fiction that existed in his mind – and in his mind alone.

He would deliver talks about his heroism, and would take along a battered helmet and some blood-stained pants which he would hold aloft as ‘evidence’ of his bravery.

When challenged about his lying, Hemingway acknowledged, but defended, his lies claiming they had a valid purpose and were therefore legitimate.

He said, “It’s not unnatural that the best writers are liars. A major part of the trade is to lie or invent and they will lie when they are drunk, or to themselves, or to strangers. They often lie unconsciously and then remember their lies with deep remorse.  If they knew all other writers were liars too, it would cheer them up . . . A liar in full flower . . .  is as beautiful as cherry trees, or apple trees, when they are in blossom. Who should ever discourage a liar?”.

Imagination for the purpose of entertainment – not a scammer like Carl Freer

Whether Hemingway was correct or not in defending his lies, the fact of the matter is that he was a fiction writer.  He wrote great stories.  They were fabrications – created for entertainment.  When you bought his books, you knew you were buying fictitious stories for your intellectual pleasure – you did not think you were buying history books, physics books, encyclopaedias.

When you bought his books, you got what you paid for.  A good story that was worth the few dollars it cost to buy.  There was no intention on the part of Hemingway to deceive.  (Some great Hemingway quotes.)

Carl Freer is a mythomaniac – with an evil agenda

Carl Freer suffers from mythomania too.  He lies with gay abandon.  Uncontrollably, un-remorsefully, unrepentantly, and – the biggest ‘un’ of all – unfailingly.  You can bank on the fact that he will lie.  It’s all you can bank on.

The most predictable and reliable thing about Carl Freer is that he will lie – about anything and everything.  It is the only certainty you have when dealing with him.   He lies about where he lives, he lies about his date of birth, he lies about his criminal convictions, he lies about patents, he lies about parents, he lies about his business acumen, he lies about his private life . . .

But unlike Hemingway, Carl Freer lies to cheat people – not to entertain them.  His purpose is to con people, to scam people, to take their money and give them nothing in return.  Carl  Freer is a criminal – not an entertainer.

You may think this is a little strong.  Everything we have said above is true, and can be proven – documented – as true.  If it wasn’t true we wouldn’t say it.  As we have said before, this is a due diligence site – not a hate site.  We do not need to lie – do not need myths – to show that Carl Freer is a liar, and a criminal.

After all, if we did lie about Carl Freer we would no doubt hear from his lawyers.  And – believe it or not – we have heard from his lawyers.

That is right – we are being threatened because Carl Freer says that we are lying about him. He objects to every word on this site – even though we are simply citing court records, judgements,  newspaper articles, interviews and documents that he has either not challenged previously, or has lost his challenges on.

Funny thing is that he lied to his lawyers.  But that is a story for another day. (The new ones – you already know he lied to others.)

Mythomania is also known as pathological lying

From Wikipedia: –

Defining characteristics of mythomania, or pathological lying, include:

• The stories told are usually dazzling or fantastical, but never breach the limits of plausibility, which is key to the pathological liar’s tactic.  

• The fabricative tendency is chronic. It is not provoked by the immediate situation or social pressure so much as it is an innate trait of the personality.  

• A definitely internal, not an external, motive for the behavior can be discerned clinically.  

• The stories told tend toward presenting the liar favorably. The liar “decorates their own person”[3] by telling stories that present them as the hero or the victim. For example, the person might be presented as being fantastically brave, as knowing or being related to many famous people, or as having great power, position, or wealth.

Pathological lying may also present as false memory syndrome, where the sufferer genuinely believes that fictitious (imagined) events have taken place. Sufferers may believe they have accomplished superhuman feats or awe-inspiring acts of altruism and love.

Carl Freer’s Mythomania on-line

Since we started this site, Carl Freer has resorted to even more lies.  You can see these on You Tube if you look.

A couple of months ago there were a few videos of him – and as we covered in a previous article (Carl Freer – Paragon of Perfection) – if you clicked on them hoping to learn something about him, all you got was a video of clouds, or mountains to trees.

Recently he has flooded You Tube with videos about what a great humanitarian and philanthropist he is; what a great business leader he is; his thoughts on all manner of topics such as why it is good to invest in Singapore, how AI will work and so on.

This is all a transparent attempt to try and drive our rankings down and fool people into thinking he is a great guy.

We love it!

As usual, the only one falling for his bullshit is him!  We have had an influx of data about him, and privately had many people contact us to enjoy some private schadenfreude.  You see – even his ‘friends’ admit he is nuts –  and his past employees, investors, lawyers – and even a doctor – all know he is nuts.

We owe the recent acquisition of the German judgement against him to his recent attempts to whitewash himself, as well as some other interesting tidbits we will soon share.

Some examples of his ‘Mythomania’:

Carl Freer always insists, about his conviction for Fraud in Germany,  that he never stole any cars, and that he didn’t bounce the checks – he  cancelled them because he thought he had been sold stolen cars.

Except the judgement says that;

a. He was using an alias when he ordered the cars – Brian Littlejohn;

b  There never were any checks – he fled the country immediately after receiving the cars and without paying for them (i.e. he stole them – they were not stolen before he stole them);

c.  When tracked down he then fled to the UK where he was arrested under an international arrest warrant.

That judge wasn’t buying his bullshit!  Why does Carl Freer keep using the same ‘defence’ as he used in that case when it quite clearly failed?  Answer.

–+–

Tiger Telematics first 10K SEC filing described Carl Freer as a “co-founder of software company VXtreme (which Microsoft purchased in 1997).    This is a lie and the truth will amaze you.  (See the PLO article where we go into that more)

–+–

An SEC filing states that Carl Freer once served as a Trustee of London’s prestigious King’s Medical Research Trust.  Another lie.  Article.  (The SEC filing is available here)

Updated: 29 July 2017

How Many Times Have You Been Arrested? How Many People Do You Know That Have Been Arrested at least 5 Times? How Many People Do you Know Who Have Been Arrested in 5 Different Countries?

Imagine for a minute you were performing to a crowd of 100,000 people.  Random people.  All demographics – the largest stadium ever – and you did a quick survey of the crowd.

If you only knew how many times I should have been arrested and wasn’t!

If you asked that crowd how many of them had been arrested, you might get a lot of hands go up.  Obviously it would depend where in the world you were.

In Vietnam the percentage would be low.  In China it might be higher.  In Europe it could be a lot higher.  In the US, apparently, there are as many people that have been arrested as have diplomas – something just under 50% – so there would be a lot of hands go up.

Bear in mind you are simply asking about being arrested.

Some people are arrested for demonstrating against oppression – that is a good thing.  Some people are arrested for criminal acts – that is a bad thing.  We are not judging.  We are simply asking at this point about being arrested for any reason.  And – you would get hands go up.

If you then asked that huge crowd how many had been arrested twice, the number of hands would drop.

Three times?  Even less hands.  Four times – fewer still.  Five times?  There would be few hands held up in that crowd.

Fact is – there are not many people that have been arrested 5 times.  Most people get the message after the first arrest.  If they don’t quite get it, the second usually drives the message home.

Of course there are some dumb people – maybe they need 3 arrests before they change.

By the time we get to 5 arrests, we are probably talking about the seriously stupid, and the career criminals.

We say probably because there are some political protestors who are brave enough to put their lives at risk and who endure all manner of hardship and torture and are arrested many times.  We admire these people,  We appreciate them.   We are not talking about them.  We are talking about criminals.  People arrested for self-serving crimes, not altruistic motivation.

If you asked that huge crowd how many had been arrested 5 times for criminal acts, there would not be many hands.  There would still be some though.

Narrow the group – how many arrested in more than one country?

Now ask them how many people have been arrested in more than one country?  For any reason.

You would probably get a few hands – but not a large percentage..

Narrow it down.  How many have been arrested in 3 countries – 4 countries – 5 countries?

With each new question the number of hands would reduce exponentially.

Not many people have been arrested in 5 different countries.

Narrow it down again – how many have been arrested on suspicion of criminal activity (rather than political or altruistic) in 5 different countries?

It is improbable – No-one has been arrested in 5 different countries for less than altruistic causes!

That’s what you think!

In our scenario there would still be one hand, out of that enormous mass of people,  waving proudly in the air – drawing your attention.

And if you followed that hand to its exuberant owner you would find non other than – you guessed it – Carl Freer!  The incorrigible criminal!  (See how to Identify him here).

Arrested in 5 different countries for self-serving acts.  Amazing.  But then – that is Carl Freer for you.  Carl Freer, in his own words, is perfect.

We make light of it.  Think for a minute.  How many people do you know that have been arrested 5 times – criminal activities – 5 different countries?  Can you draw any conclusions?

Our thought is that it is time for a 6th country to arrest him,  A final arrest.  After that, no more arrests for  least for 15 years or so.  Don’t you think?

Swedish Mafia – Carl Freer. He is mentioned at least 20 times.

We wonder why Carl Freer never mentions this aspect of his life.  After all – it seems that getting arrested is the only thing he is really good at.

Watch the videos here and here – not of him being arrested unfortunately but the first covers his Gizmondo fiasco – after which he was arrested – and the second his connection with the Swedish Mafia.

 

 

Top UK Law Firm Manches  -v- Carl Freer

The story about Manches was first published in the Gazette in the UK, detailing how a top UK law firm was outsmarted by Carl Freer.

Manches, a prestigious UK law firm, failed to understand the nature and character of Carl Freer – their lack of due diligence and their casual documentation lead to the largest lost of fees in its history.

All Law firms dealing with Carl Freer should do so with utmost caution – demanding large retainers prior to the commencement of work, and never, ever,  working beyond the value of the retainer.

This debacle was a contributing factor in the firm’s downfall – some of the smartest legal brains have been victims of the narrative of huge profits – that the funds have been transferred which never turn up and if they do they are late and  less than expected.  Just check the article on his ‘philanthropic’ donation to the King’s Medical Research Trust.

Others have learned lessons –  in order that you don’t have to suffer the same outcome.  (See new article to learn how he scammed another lawyer by claiming his father had died!)

Manches Loss Carl Freer’s Gain

 

 

 

 

Updated:  11 July 2017

Don’t GetFugu’d – Protect Yourself with Due Diligence

Who wouldn’t trust a face like this – trust me – lots of people have

When doing business with Carl Freer and his companies you should ask for a full and detailed disclosure of ALL the legal entities, internationally, he has created or been affiliated with, past and present.  If you don’t it’s more than likely you’re going to GetFugu’d.  Royally Fugu’d!

Below is a short list of people and companies that gave their trust and services to Carl Freer’s Getfugu Inc in America.    They didn’t do due diligence and they got fugu’d.

Since that failure, Carl Freer has established himself in Singapore, Hong Kong and Vietnam.  Numerous companies have been incorporated – some of them are all ready in legal disputes and named in court proceedings.  Link.

Cases against GetFugu

The List below is an example of what can be found if you research court files – please undertake your own research to confirm the accuracy.   And this is just one company . . .  and this is not even a complete list.   Here is an article with are some of his other US companies.

1, 01/23/2013  Los Angeles Superior Court SS023808,   Elizaveta Meleschuk v. Getfugu Inc. Enforcement of Judgment.

2, 10/05/2011 Los Angeles Superior Court SC114384     Talener Group LLC v. Getfugu Inc    Failed to pay for consulting services. Claim $39,000.

3, 02/24/2011 Los Angeles Superior Court BC455839     Jonathan P. Chodos v. Carl Freer; Getfugu, Inc.and others  Malicious prosecution of attorney Mr. Chodos.

4, 01/27/2011 Los Angeles Superior Court 11CB0370     C Bennett v. Getfugu Inc. Labor Award

5, 01/19/2011 New York County Supreme Court 11-650151 Fusion Public Relations Inc. v. GetFugu Inc. Failure to pay for services $21,000.

6, 01/13/2011 Los Angeles Superior Court BC452954  The Video Agency v. Getfugu, Inc.  Failure to pay $205,000

7, 01/03/2011 Los Angeles Superior Court SS020312  Asher Enterprises Inc. v. Getfugu Inc.  Judgment

8, 12/14/2010 Los Angeles Superior Court 10CB5220  Bradly Ulbrich, California Department of Industrial Relations v. Getfugu Inc. Labor Award

9, 06/11/2010 Nassau County Supreme Court 10-11318 Asher Enterprises Inc. v. Getfugu Inc. Declaratory judgment for $187,000.

10, 05/17/2010 Los Angeles Superior Court 10SB0869 Angel Robert Marzuez v. Getfugu Inc.

11,  04/20/2010 Los Angeles Superior Court BC436153 Ronald Zimmerman, Leslie Denham v. Getfugu, Inc. Labor unpaid

12,  04/15/2010 New York County Supreme Court 10-104935 Leonard James Bedner; Melinda Cassandra Calixte; Joseph Genchi; Atanas Georgiev; Kuan Hsiang; Shaun Huang; Jonathan Lazar; Rochelle Looc; Panagiotis Oikonomopoulos; Michael Sun; Zhe Wang; Hong Wu; Xiaosong Yuan; Zhong Ying Zhang; Peng Zhao

v.
Media Power Group Inc.; Media Power USA Inc.; Madero Inc.; Getfugu Inc. Breach of employment contracts. Staff claimed plus $420,000 in unpaid wages.

13, 04/01/2010 Los Angeles Superior Court BC434865 Hutton International Investments, Ltd. v. GetFugu, Inc. Failure to pay $500,000

14, 09/30/2009 USDC Southern District of New York 09 CV-8310 SpongeTech Delivery Systems Inc. v. Getfugu Inc and others. Breach of contract, fraud, $1.75 million

 

Remember – this is just one company and it is not a complete list.  Similar can be found in other companies – the challenge would be to find of Carl Freer‘s companies that does not have messes stuck to it.  He is no Angel.

 

Colourful? Crazy? Criminal? – Carl Freer

You have met – or dealt with – Carl Freer.  What did you think at first – and what do you know now?  

Were you bewitched by him – bamboozled – impressed – flattered – honoured – inspired – awestruck – dumbstruck – incredulous – outraged – amused – bemused – angry – entertained – horrified – . . .? (Link)

You really owe it to yourself to do some proper due diligence on the man – many haven’t – many have lost everything – people and institutions – some are broke – some feel violated.  Very few – if any – feel love. (See what happened to a top UK law firm)

If you do nothing else you should at least read these articles on Carl Freer.  They are brilliantly written by an expert wordsmith.  Compelling – enthralling – fast paced – hilarious – satisfying.

It is in 7 parts.  When you click through on the first link, you can link to each successive story from there.  Or you can come back here and link to the part you want.

I include a short summary of each part.  These are no substitute for the real thing – more like an index really – something you can come back to and ask, “Now where was the bit about him threatening to kill those investors on the boat?”

They were written by Nicholas Stetcher, and featured in “The Drive.”   Read them – great stuff.

Part 1: The weird, wild saga of Gizmondo

The fiery crash of a Ferrari enzo exposes a billion dollar scam

 

One of the most famous crash photos ever

 

Get ready for side splitting laughs.  Somehow this limited edition, 2 seater classic car gets totalled on a Malibu highway. There are two people on the scene – one says he was passenger in the Ferrari and that the driver has run off into the hills.  The second person says he was a passenger in another car that stopped to see if anyone was injured, and which them drove off leaving him there.

One totalled super-car – 2 dazed passengers – no one willing to take any responsibility . . .  Can one draw parallels between car crashes and business ventures?

As Nicolas Stetcher says, The idea that two men would be found at the scene of a two-seat, single vehicle accident, and that both would claim to be passengers, was met with skepticism. Still, officers were dispatched into the hills to search . . .”

The opening paragraph reads

“It was an unprecedented multinational scam that burned investors from London to Los Angeles. How did a Swedish gangster end up overseeing a billion-dollar tech firm? And where did all the money go? Read The Drive’s 7-part series to find out how a late-night car crash in Malibu led to the collapse of a shady Swedish syndicate.”

Remember our story – Cops and Robbers – about how Carl Freer “acquired” a Police Badge and became ‘part of US Law Enforcement?”

Well – – –    “As Officer Huelson was interviewing witnesses, a blacked-out Hummer H2 rolled up. Two men in suits leaped out and started flashing what appeared to be Department of Homeland Security badges. They claimed jurisdiction and insisted on an immediate interview with [one of the “passengers”].

In this first part of the story we are also introduced to Carl Feer’s amazing eloquence.

 “After having been found guilty of fraud, sentenced to 18 months probation and fined 200,000 Euros, the “underworld” decided to pay him a visit.”

As Nicolas Stetcher explains,

“. . . perhaps the most telling aspect of this origin tale is Carl Freer’s masterful skills of oratory persuasion. 

“Somehow, in the face of imminent underworld pressure, he managed to not only avoid punishment [liquidation] completely, but actually twisted the situation to his benefit—inverting possible mob justice into a business opportunity.”

““[Freer] has a tremendous verbal capacity,” Swedish investigator Kjell Soderberg is quoted as saying in a Los Angeles Times feature. “He could sell sand in the Sahara and refrigerators to Eskimos.””

Part 2:  Too much money for normal business

The currency this time is glamour.

This part covers the incredible flop that was Gizmondo, and details how Carl Freer handled his investors’ money.

“In 2004, Gizmondo opened a high-profile flagship store on London’s exclusive Regent Street. They spared no expense. The rent was $300,000 a year and the store was built to entertain: top-to-bottom black marble, $750,000 worth of state-of-the-art 3D TVs, $48,000 of Bang & Olufsen phones and cameras, numerous bars, and a sound system worthy of a mega-club. Even the toilets were lined with Swarovski crystals. The men of Gizmondo were literally taking a shit atop their investors’ contributions.”

Ever wondered why some of these investors have been so gullible – so easily fooled?

One of the ‘Ladies of the Night’ explains the Carl Freer technique of relieving investors of the burden of their money . . .  as she explains how the girls, the celebs, the lifestyle were used to manipulate them.

“This is what their trick was: to have all the girls, have the drinks, have the riches. And these investors are businessmen who don’t get out of the office much, and suddenly they’re surrounded by this amazing sort of movie star lifestyle, with girls who they couldn’t imagine talking to, let alone having drinks with. If men are shown a lifestyle that they can’t achieve by themselves then I think they’re gonna be persuaded, definitely.” 

As Nicolas says, “These investors clearly weren’t just buying into a company’s balance sheet, they were buying into a lifestyle that they’d only ever seen from afar, from across the vast chasm of the velvet rope.”

The article also explains how Carl Freer paid his employees.  Very clever.  They had the illusion of great wealth – the reality being they owned nothing.

Read the article.

Part 3:  Following the Money Off a Cliff

When it comes to chucked money, destroying a $1M Ferrari Enzo is a drop in the bucket

This really is an important segment – and if you read no others you should at least read this.

In the first two parts we have seen where Carl came from and how he suckered investors into parting with their money in the false belief that they were buying into the glamorous lifestyle he was showing them.

Here we are introduced to the inner workings – the actual mechanics of fraud.

“On the outside we looked like a professional company, but on the inside the company was just in shambles; we’d do a deal with anybody, but we wouldn’t follow through with it,” says “Anthony” (not his real name), a marketing executive who worked directly under Eriksson and Freer. “Everything Carl did was about press releases. That’s how we made our money, by pumping and dumping the stock on the exchange. Everybody was ready to do business with us. We paid [Universal] $100,000 initially for content; we did a deal with MTV, then released the press release and wouldn’t follow through with the deal. Simply because we wanted the press release to ten-fold our shares.”

. . .  “A deal soon began brewing with Microsoft, which was in talks to provide games for the Gizmondo device. Anthony claims that before the contracts were even signed Freer had forged the signature of Ed Ventura, head of Microsoft Gaming Studios, and showed it to investors to get them to dump even more money.”

To find out how this escalated into a billion dollar fraud you need to read the article.

Part 4:  Retribution for a Thief

The Torpedo Hits and Gizmondo takes a hit

Meet the enforcement arm – and tactics.

This part introduces you to the violence used to keep people in line – investors who don’t pay – anyone ‘pulling a fast one.’   Who defines what a ‘fast one’ is – they would never do this to you would they?

It also describes how Carl Freer bought up his own failed product to show extraordinary sales figures, while at the same time making sure the device did not get into real consumer hands where it would be exposed.

Part 5:  Coming to America

Violence – both real and threatened – on Santa Monica Bay

With Gizmondo collapsing – fraud becoming very obvious to everyone – Carl decides to go to the USA.

Thanks for your support

He buys a $5.9 Million mansion, a Gulf Jet Stream 4 and a 110-foot Palmer Johnson yacht, for $14 Million, named Brigatta.   His business partners spend investor money similarly.

Here the real violence starts – the boat – the guns – the sharks.

This is where you see the real Carl Freer.

Part 6:  In with the New

As the walls close in, cocaine becomes a problem

Forced into resigning from Gizmondo – criminal investigations under way – a new venture – scam – Xero Mobile.

Impersonating law enforcement – living the dream – the start of serious paranoia.

Part 7:  Enzo’s last ride

The party is over – arrests – time to move on – new scams – new places.

The concluding part of the story ties it all together  – more guns – more crimes – it doesn’t seem to stop.