On the one hand Carl Freer is immensely wealthy, and on the other he is an undischarged Bankrupt. It is easy to make sense of it – you just need to think like a criminal.
Carl Freer has boasted that his bankruptcy in Singapore is an attractive preference to paying off his debts. Furthermore, there are suspicions amongst the other Creditors that the Bankruptcy is a technical manoeuvre to shield himself, and his wife Ericka, from the far more serious charges of income tax fraud as they could both face prison sentences upon conviction.
Carl Freer is a contemptible hypocrite who concocts perverted morality and ‘reasons’ to justify any deed. His willingness to withhold information from, and to mislead, the Singapore tax authorities, shareholders, creditors and staff will lead to prosecutions – this site is dedicated to that goal.
The Bankrupt Carl Freer has a long history of making false statements and dishonesty in his criminal endeavours. He has three separate convictions for fraud, has 10s of millions in unpaid judgments, and has an outstanding arrest warrant issued by the French government. To that list of accomplishments Carl Freer can now add a distinguished Singaporean bankruptcy order – it sits well with the United Kingdom bankruptcy order demanding payment of $6 million.
Carl Freer enjoyed easy access to Singapore acquiring EP status, quickly followed by permanent residency status.
We can confirm the information supplied by paid advisors overseeing his applications deliberately denied and misconstrued Carl Freer’s criminal history. The Official Assignee overseeing his bankruptcy will have to make enquiries into dozens of companies incorporated in Singapore by Carl Freer to get a partial understanding of the dirty money machine which he is so expert in operating.
Last year Carl Freer abandoned Singapore and relocated himself in Dubai. His current wife Ericka lives in Sentosa in a luxury apartment, and receives an envelope with cash every month as her bank account has been withdrawn and closed.
This scandal will continue until the Dubai government, or Carl Freer’s Business partners and Dubai Bank’s abandon him.
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.
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.
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).
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.
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.
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.
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.
(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.
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.
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.
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.
In May (6 months ago), using simple human intelligence and logic, we predicted that Watstock and Hotstock, two apps being introduced to the market by the infamous Carl Freer, would prove to be yet another scam perpetrated by him against his new investors. How could we be so deadly accurate with our prediction?
The standard Carl Freer formula was executed – ingratiating himself with the big names in the field to gain credibility by association, articles in the media, paid for blogging, glossy business plan, quick trips to Amilla Fushi in the Maldives to part the rich and famous from their money while they are under the false illusion that they are immune from evil while relaxing in paradise, a pack of lies to ‘dis-prove’ all the negative exposure of his scams on the internet – it is that simple and that easy.
More paid for glossy drivel from Carl Freer to impress the gullible
The investments came rolling in, and Carl Freer continued rolling out the winning strategy. As with every one of his scams, Carl Freer announces it as “The World’s First . . .” (this time an app that uses artificial intelligence to predict the market over a 10 day period) and sets “The Countdown Clock” – for 70 days and counting to the launch of this phenomenal moneymaking app.
More excitement is produced – more investment is made prior to launch date – in the last 10 days Carl Freer is jumping in and out of meetings telling everybody who would listen that this app will change the world as we know it – it predicts the market with 85% accuracy. Artificial Intelligence, Mass Data Management, Predictive Analysis and Outcome Bias are the trigger words – the 70 day frenzy rolled towards its launch date and then – a day before launch – Watstock changes to Hotstock and a new Countdown Timer starts ticking away.
Watstock is abandoned – the website says it is on its way on 1 October 2017. Well that was 54 days ago – and where is Carl Freer?
He is working on his new project. The “World’s First” crypto currency which uses artificial intelligence.
Ravi Menon, managing director of the Monetary Authority of Singapore, says he wants to use a “regulatory sandbox” approach as a testing ground for ICOs. Coin offerings use cryptocurrencies to raise funds for valuable fintech projects. Carl Freer’s new project wants to be in that sandbox so it can attract more money from investors in as little as half an hour by using blockchain technology.
Ravi Menon you are about to be tested.
Use this site to discover who and what you are dealing with – contact us if you need any information or assistance.
Use your human intelligence to do some thorough due diligence.
Carl Freer is too old to play this game any longer – a dinosaur in the cutting edge new tech field. He dyes his hair, he does high fives, he tries to talk the talk, but everyone in the industry knows he is faking it. And so does the general public it seems.
Take his latest technology release – the technology that can tell the future, that can make a millionaire out of anyone, that replaces the need to think. Watstock – Remember that?
The one that had a huge countdown timer ticking its way to release. The one that, instead of launching, morphed into Hotstock with a new countdown timer ticking away. When that timer hit zero it all just fizzled away. It simply died. No morphing. No launch. No fanfare. No party. Nothing. Not even a coffin or proper burial.
Here is a link to the site (http://www.watstock.com/) and above is a screen grab of the site taken 2 minutes ago. It announces that Watstock will launch on Oct 1st. Today is the last day of October – where is the launch? How smart is this company? It can’t even predict the month it is going to launch. Its genius founder can’t even be bothered to update the site. (Of course he will do something now that we have posted this. But what does he change the launch date to? November 1st – it is upon us already. Maybe December 1st?)
Investors, backers, collaborators – all have walked away. And so have the public. Only a few were silly enough to download the app – one that was to have made millionaires out of them. Another testimony of failure is this link – https://twitter.com/Hotstockmobile This killer app has two tweets and two followers. We kept a screenshot – below.
Like every Carl Freer venture, the whole thing was a scam – its failure was part of its conception. It joins the last 14 or so “ground-breaking” ventures that Carl Freer has launched – all of which have common denominators of “failure” and “Carl Freer.”
At 47 years old and with 3 failed public companies (Tiger Telematics, Xero Mobile and Getfugu); 15 failed businesses; millions in unpaid judgments; a history as a documented liar; 3 convictions and the need to be continually on the run from the French police, this serial fraudster is an old man in a young man’s game.
Rather than face reality and deal with the fact that at 47 he is too old, Carl Freer has decided to reinvent himself.
The serial fraudster has turned to someone who describes himself as a serial entrepreneur – Chris Reed of Black Marketing.
Chris Reed is the self-proclaimed guru of personal branding. The same age as Carl Freer, Chris Reed is obviously much younger as he sports a mohawk. Carl Freer has become a client.
While we are not sure what the magic is that Chris Reed sells, we can categorically state that truth, common sense, logic, honesty, perceptiveness, and intelligence are NOT core attributes.
Chris Reed has provided an endorsement to assist Carl Freer in repositioning him as a thought leader within an industry – you can now read articles in Singapore Business Review – you can look at Carl Freer’s many videos on youtube where he ponders the future of technology – or read the many promotional bloggers testimonies touting Carl Freer’s greatness. It is all lies – told to hide a sordid truth – fake news with the intention to deceive others. How can Black Marketing operate in Singapore when it’s business is misleading people?
When we unequivocally demonstrated to Chris Reed that Carl Freer is a criminal (an undeniable fact as the primary source were three court judgements) Chris Reed then claimed that Carl Freer is not a criminal in Singapore and maintained his endorsement of Carl Freer – hence you can still read in the Singapore Business Review, Carl Freer’s articles as a contributing editor.
Criminal are criminals. The fact that they move somewhere else does not change that fact. A serial killer from Chicago does not change that fact when he moves to Sydney. A serial fraudster, convicted in 3 countries and arrested in 5, does not suddenly become cured when he moves to Singapore. Singapore is simply the next target. Relocating criminals does not cure them – Australia is evidence of that.
Confronted with the stupidity and immorality of his continued endorsement of Carl Freer, Chris Reed then claimed that Carl Freer is not a client – after just saying he was.
So amazed were we by Chris Reed’s willingness to dodge the truth and endorse a proven criminal, that we decided to check him out – It seems Black Marketing is a wholly owned subsidiary of the Media Group plc which seems to have its own set of troubles. Interestingly it also has a Swedish link – just like Carl Freer.
“The Disciplinary Committee of Nasdaq Stockholm has found that The Marketing Group PLC has breached the regulations of Nasdaq First North (“the Rule Book”) in several respects and, accordingly, has imposed a fine on The Marketing Group amounting to two annual fees, corresponding to an amount of SEK 595,546.”
Mangold are the appointed Swedish adviser. Maybe Mangold could assist Black Marketing and Chris Reed to understand the notoriety of Carl Freer in the Scandinavian media – where he has been described as a hardened criminal, linked to the Mafia, a fraudster still being investigated for his role in the IT factory scandal in Denmark.
In the meanwhile investors, banks, lawyers, police, immigration officials and anyone who ought to have common sense, are advised to be on the lookout for Carl Freer, and exercise their professional curiosity and civil duty by asking one simple question – did Carl Freer provide a false declaration to live and work in Singapore – we say he did – it’s up to others to start questioning.
Carl Freer incorporated a number of companies in 2017, however he is focused on 3 – Intelligentia PTE Ltd – Watopedia PTE Ltd – Watstock PTE Ltd – we urge you to look at the websites – identify the promises – then ask what exactly is the product.
Then search the terms –
Carl Freer + Watstock or Carl Freer + Watopedia or Carl Freer + hotstock
Normally you will find us – we provided additional background and contact details of organisations and individuals who will provide accurate accounts of Carl Freer criminal history.
Carl Freer Due Diligence will always come up with the fact that he has been convicted of Fraud in 3 different countries, by 3 different courts.
Warning: If you do not want to know the truth about Carl Freer – DO NOT READ THIS. You can never un-know what you will read. You will never be able to claim ignorance again. This is due diligence.
Convicted of: Serious Fraud, and Serious Fraud by means of document plagiarism
9 kap 3 § of the penal code
9 kap 3 § and 14 kap 1 § of the penal code
Carl Freer convicted of:
“Damaging the financial position of another for gain by fraudulent representation or distortion or concealment of the true facts thereby causing or maintaining a mistake with the intention of obtaining an unlawful pecuniary advantage for himself or for a third party.”
French Court – Highest Appeals Court whose ruling is FINAL
•Guilty of Fraud,
•Sentenced to 2 years imprisonment,
•Fined €50,000 and,
•Arrest warrant issued for Carl Freer.
Do some due diligence
The following people should be wary of dealing with Carl Freer
Investors, shareholders, banks, landlords, staff members, ex-staff, service providers, creditors, public relations firms, accountants, company secretaries, solicitors, Government ministers, police and judges – all of whom have collectively failed to share information on Carl Freer’s criminal activities and all of whom have been victims of his lies and frauds.
If you fall into any of the above categories, Carl Freer counts on the fact that you will not read this – that you will not look him up.
There can be no opinion about whether Carl Freer is a criminal or not. It is a fact. Three different courts, in three different countries, have adjudicated that Carl Freer is a criminal. (Links are below.)
The last of these courts was the French Court of Cassation – the highest court in France, and a court with the highest of reputations internationally.
Carl Freer had taken his case there in an attempt to get an earlier conviction overthrown.
On Wednesday, 25 January 2012, the Court of Cassation heard the appeal by Carl Freer’s attorneys. After examining the evidence and considering the matter the panel of judges issued their verdict as detailed above – guilty of fraud, sentenced to 2 year jail term and fined €50,000. An arrest warrant is active.
Links to all of this are provided below. As much of this is in foreign languages, we provide a brief overview of the relevant data in the hope that it may assist you.
THE SWEDISH FRAUD
The first conviction was in Sweden on 10/10/1989. As an 18 year old Carl Freer had forged signatures to defraud Scandinavian Private Bank (SE Banken) out of 212,772.40 SEK.
Prosecutor: Sandström, Göran, District Prosecutor Stockholm District.
After his Swedish arrest Carl Freer moved to Vallauris, France, where he registered his new company called Well Com Motors located in Nice with other branches in St. Maxime and Cannes. Carl Freer specialised in secondhand luxury cars, which involved further criminal activity – this time acquiring stolen exotic cars, smuggling them to Germany, Spain and France, and selling them from his company, Well Com Motors, using the alias of Brian Littlejohn.
Carl Freer was arrested in France and promptly fled to England. An International arrest warrant was issued and he spent 4 years in the UK fighting extradition to Germany.
I have attached a translation of the German case prepared by the public prosecutors office. The bill of indictment provides the background of the case. Carl Freer German Judgement
Carl Freer was charged at that time with crimes that some say he still does to this very day: Namely, “Damaging the financial position another for gain by fraudulent representation or distortion or concealment of the true facts thereby causing or maintaining a mistake with the intention of obtaining an unlawful pecuniary advantage for himself or for a third party.”
The Stuttgart public prosecutor, said this of Carl Freer – “the accused will be convicted of the offences as a result of this said evidence, and what very definitely speaks against him is the fact that he used a false name, and that after the cheque’s were dishonoured he disappeared”.
Carl Freer even admitted in an official filing to the Securities and Exchange Commission (SEC) that he has a criminal record. He of course tries to explain it away as a “mistake” or an “injustice” – but the fact is that he admits that he has been convicted.
His statement in the SEC filing reads: “In October 2005, Mr.Freer was sentenced to probation and fined by a Court in Germany, for buying four luxury cars with the a check, though Mr Freer contended he had canceled the checks after believing the cars did not have proper title and immediately informed the authorities. Upon being informed that only one of the four cars had a title issue, Mr. Freer resubmitted the check.” (Needless to say, if that were the truth Carl Freer would not have been been found guilty of a crime and sentenced).
Here is the link to the SEC website showing the filing in its entirety.
When you get that page, Click on item v165106_8k.htm and go down the page to the heading “Director” where you will find the statement.
THE FRENCH FRAUD
As covered above Carl Freer was also convicted in France, with the conviction being fully and finally ratified by the highest Court in France. The panel of judges ordered a 2 year jail sentence, a €50,000 fine, and issued a warrant for his arrest.
I provide links below. One goes to the French Court’s web page where the judgement is posted in French; the Second goes to the court provided translation into English.
Due to the French privacy laws, Carl Freer is referred to as “Mr. Carl X, A National of Sweden.”
One can tell that this is Carl Freer as it talks about the matters openly discussed in the German case. The French judgement references, “the conviction pronounced by the German courts,” including, “Mr.X’s alias.” Court papers also refer to, “the fact that for a luxury car sales professional who operated Well Com Motors under the false name.” The cross reference with the German case included Carl Freer alias of Brian Littlejohn. Furthermore French privacy laws do not extend to corporate identities, therefore Carl Freer’s registered company, Well Com Motors, is named in these proceedings, and the German proceedings.
Here are relevant excerpts from the case.
That it follows from the proceedings that Mr X. was domiciled in France and that he had fled when he was wanted and that he was at the same time sought by the German authorities who issued a warrant for his arrest on 20 April 2001 and that he was subsequently arrested in Great Britain on 7 June 2001 and placed under judicial supervision. . .
Whereas, accordingly, the warrant of arrest for Mr X. of 20 March 2002, issued in accordance with Article 123 of the Code of Criminal Procedure as regards the identity of the person, Article 131 of the Code of Criminal Procedure, validly allowed the latter to be referred to the court, the title remaining otherwise enforceable after the order for reference; That the investigating judge can not be criticized for having sought to defeat the rights of the defense byissuing an arrest warrant for serious acts of organized crime . . .
Whereas it appears from the judgment under appeal and from the pleadings that the investigating judge, having before him facts relating to international traffic in stolen vehicles, issued an arrest warrant against Mr X;
In the present case, in order to reject the objection based on a breach of that principle, the judgment under appeal holds that the accused was convicted in Germany for fraud and not for concealment
In that the confirmatory judgment under appeal declared Mr X. guilty of breach of trust and sentenced him to two years’ imprisonment and a fine of EUR 50 000;
On the grounds that it appears from the German proceedings that Mr. X. stated, at the time of the execution of the request for extradition from the German authorities, that he had sold nine vehicles under the coercion of the Mafia, that he was afraid of reprisals and that he had come to Great Britain in order to protect himself and his family; whereas it is not disputed that the four Porsche vehicles referred to being sold in France by Mr. X., manager of Well Com Motors, and that these vehicles were stolen, that Mr. X . can not validly, in order to prove his good faith, rank with the other professionals. Even when upstream of the traffic and in contact with the source of this traffic, the fact that for aluxury car sales professional who operated Well Com Motors under the false name Z For which it is not justified in any way, to sell repeatedly, In the same stroke of time, the vehicles stolen and then fleeing, abandoning his company and his domicile, testify to his complete bad faith; That the two testimonies from which it relies, drawn from the German proceedings, of which an incomplete copy is produced, no examination of the accused which is in the file contrary to what was announced in the letter of 4 November 2010 of the Council, are not of a nature To contradict this observation in a mafia context that he himself described; That the offense of concealment is constituted in all its elements, material and intentional;
The three court cases above provide the proof you requested in relation to Carl Freer’s criminality.
Please take the opportunity to check the information, and then double-check it.
You are a respected media outlet, you have resources available to undertake your enquiries and we urge you to do so immediately.
You have been targeted by Carl Freer as he needs your endorsement to camouflage his true character, and allow him to perpetrate a new fraud. You’re no longer in a state of ignorance and upon examination of the facts your professional curiosity, along with your civil curiosity, will no doubt allow you to conclude that Carl Freer provided a false declaration on the documents submitted to gain a work permit and residency in Singapore.
Doing nothing at this point is not an option. Endorsing him, wittingly or unwittingly, is aiding and abetting a criminal.
Finally – we invite you to examine the due diligence information on the CarlFreer-scammer website. Carl Freer has not been slow to attack those courageous enough to highlight his criminality. He has previously issued defamation proceedings in Iceland – the proceedings fell at the first hurdle as he had lied to his own solicitors. Since defamation was something he couldn’t follow through, he then opted for harassment – through the Singapore courts we receive a monthly notice along with several individuals included in this process.
Perhaps the best series of articles illuminating his criminal character are these – They are interesting, well researched and well-written and provide an clear insight onto the person your organisation has associated with. Each article links to the next:
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: email@example.com)
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 firstname.lastname@example.org 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.