We have been contacted by an auction house, 2 galleries, 5 people claiming to be private collectors, 2 insurers, law enforcement in 2 countries, and many holders of judgement, creditors, investors and past and present employees. All in all we have so far received 32 communications regarding Carl Freer’s claimed “art collection” and in particular his ownership of a piece by Marc Chagall.
We have been informed that the painting featured in the picture has been previously put up for sale – the private buyer refused to continue with the purchase without the proper ownership paperwork, stating that his enquiries led him to believe that the artwork was fake and linked to the legendary art fraud incident committed by the New York art dealer Ely Sahkai who created Chagall’s fake paintings for the Japanese and Taiwanese art markets.
Chagall’s paintings are highly valued in the world art market, so when a three-time convicted fraudster, currently a fugitive at large, provides documentary evidence along with a photograph of the picture with his family, the global art market takes notice.
Their enquiries are ongoing. Predictably, however, there are claims that the art collection is fake – which leaves Carl Freer in an unusual position.
On the one hand he can provide the Providence and insurance documentation and claim legal ownership of this multi-million dollar work of art, and the other pieces in his collection.
If he did that it would leave his first wife, Anneli, in a precarious position as she is the 50% owner of Juanita (the company holding the art collection), and the collection, including the Chagall’s existence and value were not disclosed in her bankruptcy.
It would also be of interest to his current wife, Ericka Freer, who he is currently divorcing. She naturally would have an interest in the value of assets by her husband.
And naturally it would be of interest to the many ex-employees, investors and others who have judgements against Carl Freer that have yet to be satisfied.
Proving the Chagall to be genuine could be very expensive for Carl Freer.
So his other option would seem to be to claim that it is indeed a fake and of no value.
The problem with that approach is that it shows him yet again to be a liar, scammer and fraudster. After all, he used his art collection, and this very piece, to scam banks into financing his House in Stone Canyon, Beverly Hills.
What will Carl Freer do? Prove it is genuine and that he has the wherewithal to discharge his debts; or claim it is worthless and nothing more than a prop in a scam?
We will be providing further information on this ongoing expose as it unfolds.
In the meantime we pass our genuine gratitude on to Carl Freer for providing us with this excellent story in the first place.
“I have decided to silence my critics and show that I am indeed a man of honour,”Carl Freer told this stunned reporter last week.
I received a telephone call from Carl Freer who said he was calling from his hospital bed where he was receiving treatment for an old back injury. After 11 minutes of complaints regarding some of the sites articles he astonished me with the following statements.
“Critics point to the fact that in the past, in just about every one of my companies and ventures, my staff have gone unpaid and instead been left with fistfuls of shares and court judgements against me – both of which are unredeemable and therefore worthless.”
“I am tired of being touted as a criminal,” complained Carl Freer, his voice racked with grief. “It’s not my fault that all those companies failed – but people don’t see that. They blame me – all of these people have entitlement issues.”
A Most Amazing Mind and a Man of Honour
“I want to be recognised for what I truly am – one of the most astounding minds of the 21st century; a visionary entrepreneur who revolutionised the world of handheld electronics, spearheaded proper medical care for burn victims, and who is single-handedly ensuring that the development of AI is toward improving the human condition rather than another means of further increasing the power and wealth of a selected few.”
“I am sick to the core of people who only think of themselves and what they can personally get out of any given situation. I will no longer be such a person.”
Carl Freer seemed genuine as he told me this. This was not the man I expected – he was very convincing, and he seemed very open and honest. Carl Freer hates the lies spread by envious people on the internet and in the press – people who claim that he, the great Carl Freer, is a deceitful, multi-convicted, felonious scammer plying his trade in an ever shrinking environment as his criminal past catches up with him and funnels him toward life a cage where his undoubted persuasive skills will be fully tested in a portentially futile endeavour to preserve some sort of dignity and not end up as Big Baba’s bitch.
I will sell my art collection to protect my honour
I asked Carl Freer what he planned to do to ensure that his current staff would be taken care of. His raucous laugh used all the bandwidth before he explained, “Look . . . in the past, I would simply have employed delaying tactics against the staff.”
“I would have strung them along for months with promises of pay just as soon as some investor money came through – and I am good at that one. I can make it seem like the funds are just around the corner.”
“Then I could add in some personal situations – like maybe going to a hospital for a health issue or something like that. I have done that several times and it works every time.”
“And then I offer them stock in the company as evidence of my good faith. That shows them that I value the company and that I do not believe it is failing. They always go for that option.”
“There are all kinds of things I can do. I have often given people things – like watches or cars or whatever that are bought with a small down payment and ongoing financing. That one is great. They think they have something – until the repo and debt collectors come round and they realise all they actually have is a shit load of trouble . . .”
“All of the above are legitimate strategies for a start-up company pre-revenue – if you don’t like the environment of a start-up company then the staff should work for multinationals. I am tired of their whining.”
“What is different this time?” I asked persistently. “How do they know that this time you will actually pay them and not screw them?”
Carl Freer’s laughter grew louder.
“This time I am going to sell my art collection and raise the cash to pay them!”
The revelation was astonishing. But I knew his critics would just say that he does not have an art collection to sell, and this is simply another Carl Freer ploy. I asked him to provide some evidence.
Within seconds Carl Freer sent me this picture.
“Here,” he said, “are the three loves of my life. My painting by Marc Chagall called ‘La Concert’, my wife Ericka and my daughter Isabella.”
“That painting alone is worth more than ten times all the money owed to my staff / investors. In fact, a Chagall painting sold at auction last year for $28.5 million.”
Carl Freer forwarded a document and explained it to me. “This is a valuation created by independent experts of some of the art I have collected and own. Together these pieces were all worth more than $21 million – and that was at that time. I have added to the collection since, plus its value has risen substantially.”
I must have sounded surprised because Carl Freer then forwarded me other documents that proved the existence of, and his ownership of, Juanita – the company that holds all of this artwork.
Carl Freer asked me not to support his detractors and doubters, but instead to relay to them that he is an honourable man, a true humanitarian, a genuine philanthropist and that he is as good as his word.
He insisted that no one should doubt him – he will liquidate his art collection through auction houses and private sales – funds will be readily available to pay all the outstanding bills and past judgements against him. He said if his word was not good enough, he also needed to take care of everything so he could relocate his family and businesses to Vancouver, Canada.
I declined his invitation to join him in Dubai to meet with the auction house overseeing the sale of the picture La Concept. I cannot be sure if Carl Freer’s statements were genuine, or simply a delusional concoction resulting from pretended back-pain, too many drugs, and his natural propensity for dis-honesty. Time will tell.
But – always the optimist – I say that we should all give Carl Freer the benefit of the doubt once again and all hold our breath in anticipation of his, for once, doing the honourable thing. And may we all Rest In Peace!
To our friends in Dubai, “Thank You!” We are always grateful for the information sent – we would like to verify the sale of the collection.
Almost a year ago, to the day, we published an article, plus extensive evidence, detailing how the internationally wanted criminal Carl Freer had defrauded the Palestine Investment Fund out of $21 Million. (Link) A follow up article and new evidence a few days later showed how he attempted, but failed, to do the same to the Dubai Investment Group. (Link)
The $21 Million scam was a crime against the Palestinian people – he mercilessly stole from people that needed it most – he stole it because he could; he was clever and they were vulnerable – This is the yacht he financed with some of the money.
Carl Freer is after all a notorious International crime figure. There is ample evidence for even the dullest investigator to stumble across on the Internet News sites. Newspapers and courts around the world have collected evidence and unanimously pronounce him to be a hardened criminal and scoundrel.
He is actively being sought by the French penal system, with an active arrest warrant issued against him.
Carl Freer misrepresented himself in order to get close to His Highness Sheikh Mohamed bin Zayed Al Nahyan – the photograph (shown above) is currency in the mind of Carl Freer – currency stolen from the hard work and devotion His Highness Sheikh Mohamed bin Zayed Al Nahyan has invested in his country.
Within hours of his sting on the Sheikh, Carl Freer had posted it on his website as an endorsement of his scam operation Watstock, and had emailed it to broadly to investors as ‘evidence’ of recommendation from the highest echelons.
The United Arab Emirates, so anxious about its reputation, could take action.
In Dubai we have a location that wants to be the top notch Oasis in the desert, attracting the international jet set from all around the world to the jewel in the wilderness – an unequaled Paradise. No expense is spared to make it look like Paradise, but therein it seems lies the lie.
An Oasis, by definition, is supposed to be a safe space, and Dubai promotes that it is such a place.
On the surface it appears that they filter out undesirables, so that the riff raft and criminal element is kept out, much like bouncers ostensibly keep such people out of the best clubs. And yet, right in the middle of the Dubai Oasis, lurks a predator.
Who is Protecting Carl Freer in Dubai?
Carl Freer resides in Dubai. He’d love to go to the USA, but cannot do so because of his criminal activities and arrest there, and his passport scam.
Europe is not safe. He has the outstanding arrest warrant, and the Danish authorities are actively investigating him and his role in the biggest fraud in Danish history. He recently made the headlines there again as he lost his case.
Singapore is unsafe. We are told there are shareholders and creditors on the look out for him after his frauds perpetrated there caused much hardship on the local population.
He could go to the Maldives; except that he has been kicked out of there as they value the sanctity of their little paradise, and understand that keeping it safe for visitors is a better long term strategy than taking back-handers from a notorious career criminal.
Everyone that should be doing something about him knows where he is and knows that with his outstanding arrest warrant he could easily be ‘solved’ as a problem.
Western diplomats from Sweden, England, France, Denmark, Germany and diplomates from America are aware of his location and Carl Freer’s acquaintance with Sanjay Shah – maybe they are hoping this relationship will blossom and provide valuable information in their global investigation. This site can confirm that Carl Freer’s claims of a great friendship with Sanjay Shah are untrue – he holds no tradable information.
Wasta is powerful stuff. Look at his latest play using His Highness Sheikh Mohamed bin Zayed Al Nahyan
Time and again we have shown how Carl Freer operates his scams. They all run in an exact pattern, and one of his major mechanisms is to falsely claim endorsement from genuine authorities.
As covered above, Carl Freer managed to get a photo taken of himself with His Highness Sheikh Mohamed bin Zayed Al Nahyan and within hours he had it posted on his website to claim endorsement by His Highness for the Watstock scam; allude to his being a founder of the scam; and emailed it to thousands as evidence of the Sheikh recommending his scam.
This is much the same as he did with Professor Huang Guangbin when he tried to claim he was a co-fouder of Watstock – a falsehood the Professor rapidly corrected. It is also what Carl Freer did when he forged the signature of Ed Ventura, head of Microsoft Gaming Studios, and showed it to investors to get them to dump even more money into his Gizmondo device scam. (Link – see Part 3 or go to the source article)
The truth is most likely that Carl Freer has no endorsement from the Sheikh. That there is in fact no wasta.
Look again at what UAE has welcomed into its midst
1. His Highness Sheikh Mohammad bin Zayed Al Nahyan is sympathetic to the plight of Palestinians and has made very generous, and much needed, donations. These have sometimes been rejected because their pride and integrity are more valuable to them than the temporary physical comfort his donations would provide.
By detaining Carl Freer, the man who defrauded the Palestinians out of $21 million because they were an easy target – the UAE authorities could do much to gain valuable respect from the Palestinians and their global support base – who well remember the fraud against them.
All the documents have been provided. The evidence is there. With the stroke of a pen the situation could be remedied, restoring at least some goodwill for United Arab emirates, the Sheikh and the King.
2. Mr Carl Freer has a 14 year business relationship with a UK company which sold surveillance radar to Qatar. More recently he was attempting to sell the same military grade surveillance radar to groups in Malaysia.
3. The Danish authorities have determined that Carl Freer was the major beneficiary of the largest fraud in Danish history – a fraud that was discovered in Dubai. Carl Freer has just lost his case against the media that were exposing his criminal involvement.
4. Carl Freer has been arrested in 5 countries and has an active arrest warrant against him. He’s been convicted by three separate courts for fraud – United Arab Emirates spends large sums of money to international PR firms to promote the positive image the country presents – His Highness Sheikh Mohamed bin Zayed Al Nahyan runs his own International office staffed with highly talented individuals to protect him from embarrassment – the photograph represents a failure – this failure is Carl Freer success, as he posted the picture within hours of it being taken. Sent it via email to numerous individuals claiming to have the sheikh support and friendship.
5. The video (link) showing his association with the King has been viewed more than 10,000 times. We would hope by people who are disbelieving of the stories promoted by Carl Freer that he has royal support.
The dignity of the United Arab Emirates is in the hands of its people – if they choose not to value it why should others? Carl Freer resides in Dubai as a visitor, as a guest – like any other guest, if they do not conform to the laws and to convention they are not welcome.
The United Arab Emirates, very properly, operate strict immigration controls. Known criminals and malefactors are regularly refused entry into the country. The property that Carl Freer acquired by deception and misrepresentation should be sequestered, the government of United Arab Emirates can achieve this almost with a stroke of a pen, and people think it has a duty to do so, to show to the people and to the world that it will not allow crime to pay – such a course of action would be universally popular.
As to the companies in United Arab Emirates who chose to take on Carl Freer as a client, their license to operate should be reviewed. The dignity and integrity of UAE should be above the Financial short-term gains for working for a convicted criminal.
The 19th of May 1970 is Carl Freer’s Birthday. That is what is shown on all of his legal documents – his passports, drivers licenses and so on.
However if you go to Wikipedia you will note that Carl Freer’s date of birth is given as 9th May – a very small but deliberate trick so that he can, as needed, invalidate the content of Wikipedia – this has been a deliberate strategy for many years – he can rubbish any negative story by simply saying, “They can’t even get my date of birth correct!” (And then quickly pay to have the truth removed and replaced with false gloss by his stable of ‘editors’.)
For those who understand due diligence a quick visit to the edited history pages demonstrates the enormous lengths and costs that Carl Freer has gone to in order to cleanse his public persona – and yet despite all that effort he couldn’t get his birth date right?
Has It Been Worth it Carl NotMuchFreerThanAFishInABowl – and not free for very much longer?
Enjoying your wonderful lunch at the Four Seasons Hotel – your guests may wonder where your family members are – where your business associates are – but more importantly, where your friends are?
What do you tell them? You have a lifetime of fake achievements – fake companies – fake charitable positions – fake inventions – fake friendships – – – all designed, you thought, to enrich you. So do you feel enriched; does your cup overflow with happiness? We guess not.
Birthdays provide an ideal opportunity to audit your lifestyle, if you have backbone enough to look. Any attempt to establish yourself as a legitimate businessperson will fail unless you first deal with those that you have cheated and lied to. You should start with the first person you cheated and lied to and whose self respect you destroyed – yourself.
If you can’t straighten yourself out, others will do it for you.
Readers have reported that the American subpoenas are starting to bear fruit – in addition, there is growing information regarding the litigating of a cryptocurrency fraud.
We will gather the data and provide the readers with an update in due course.
You can either deal with the truth, or forever have to pay for lies on Wiki, for fake videos on YouTube, for false PR articles in fake media, for Wasta to stay out of a Dubai jail, and for bots to slow our website down.
Systematic indifference from the Dubai authorities casts a shadow over its credibility as a location where honest people can engage in the artificial intelligence sector.
CEO Wesam Lootah of Smart Dubai, a Government Establishment, was pictured next to Carl Freer – the renowned criminal linked with the European Mafia. They were both speakers at the Artificial Intelligence forum 2018 Dubai – the website claimed official government partnership as Smart Dubai.
This begs the question – has due diligence disappeared in Dubai? Carl Freer is a notorious international criminal who was sentenced to 2 years in jail by the French Supreme Court, for his role in the European Mafia car fraud, that ruling (link) was delivered with him in absentia, they also issued a (still active) warrant for his arrest. That by itself should be enough to get the Dubai authorities to act, let alone the plethora of facts and evidence showing Carl Freer to be a rampant criminal that would be uncovered by a simple internet search of his name.
The apparent lethargy and incapacity of the Dubai authorities to fulfil their official obligations lends credence to Carl Freer’s continuous claims that he has negotiated royal family protection (wasta). Carl Freer is supported by elements in the Royal Family, and, in the Four Seasons Hotel restaurant he recently informed his guests that Dubai is a gangster’s paradise and he wished he moved there years ago.
How else could a wanted criminal with a record as long as his attend a prestigious event such as this with impunity – and publicly start scamming people? As is his well-published style, he has used that event to lend credibility to his venture. He is already showing people the photos, telling them he was a keynote speaker, telling them about his Royal Family Friends, and, having convinced them he is the real deal, will con them out of their money. There has never been any substance to any Carl Freer company or venture, and there never will be.
For those not in the know, artificial intelligence and crypto currencies are Carl Freer’s new areas of interest, and he has engaged financial advisors in Dubai to raise funds for an ICO. Carl Freer’s foray into crypto will be a failure – just like every other one he has been involved in. We will bring more details later, but anyone familiar with Carl Freer and his ventures can be assured that this will again be another criminal endeavour – the leopard has not changed its spots nor could it if it wanted to.
The Danish authorities take action against Carl Freer. Case No. 13-10954 (MG)
Unlike the Dubai authorities, the Danish authorities and Danish media have taken action. Subpoenas have been issued by KOBRE & KIM LLP in Carl Freer’s name in New York, America, and; the Danish media have highlighted his central role in the largest fraud in Danish history in double-page spreads in two national newspapers. Danish and Swedish nationals living in Dubai are aware of Carl Freer and his criminal history and will take positive steps to avoid being scammed.
To the hundreds of people who have contributed to this site, and thereby contributed to the renewed Danish and America interest in bringing Carl Freer to justice, let us simply say that we will not give up exposing this criminal until justice is served.
The recent attempt to bring down our site has been thwarted. With your support, we will prevail. Keep sending us material.
The many wives of the rich and powerful in Dubai have a new app to play with, courtesy of Carl Freer’s Company Watstock Artificial Intelligence Networks Ltd.
The app is AnyWear App, and it purports to allow someone to take a screenshot or photo of someone they see, after which it will identify the clothes and design labels in the photo and take the user to a store where they can buy the same stuff.
Unlike previous launches of Carl Freer products, this one has no countdown timer and no launch party – probably because the convicted felon and fraudster Carl Freer raucously laughs about the fact that it is being released in the Middle East, where most of the woman are required to wear garments that are not particularly known for their flamboyant colors, or variations in style and cut.
In fact, so cynical and disrespectful is Carl Freer that he loudly guffaws about the fact that most of the men wear traditional garb too, and won’t be buying the app either. He finds it hilarious, and the joke in the office is that if it wasn’t for the Westerners, who would you look at in Dubai?
He further jokes that AnyWear is soon to be followed by other Apps in the same family:-
NoWear – an App that allows the user to take a photo of someone and then matches their demeanour, height, body shape and size to Carl Freer’s ‘special’ database and shows the user what that person would look like with nothing on.
SomeWear – an App similar to the above, but which shows the person in kinky under garments.
There are many Apps in the cynical Carl Freer stable – he has artificial intelligence and ‘deep learning’ working on solving all of mankind’s major problems.
For example, other products in his Watopedia PTE Ltd portfolio include WatStock and HotStock (these make millionaires out of untalented traders); AquaFinder (very useful in the desert according to Carl – it finds Oases frequented by virgins), PetroFind, WatGold, and of course WatSharia.
Recent stats released by the industry say there are over 5 million Apps available to be loaded onto smartphones – 99 .5% of these apps will not make money – AnyWear App will be in good company – regardless of the artificial intelligence, deep learning and other buzzwords Carl Freer can muster the truth is that not one single app (or one single product) produced by Carl Freer or his companies has ever created revenue to replace the investment – which means somewhere in Dubai there are investors who are falling under the spell of the serial fraudster Carl Freer.
Ulab, Carl Freer’s previous company, ceased to trade with multi-millions in debt – this company was based in Singapore, Hong Kong and Vietnam – investors were told that it was being sold as it held valuable intellectual property – maybe it did – maybe it didn’t – they definitely saw no return.
We do not understand why Omar Bin Sultan Al Olama favours Carl Freer and his companies. Whatever presentations have been made to Omar Bin Sultan Al Olama we are confident – given the documented history of Carl Freer’s lies and deceit – that Omar Bin Sultan Al Olama and his departments’ colleagues have been lied to.
There is only one App that Carl Freer ever produced that really works, and not surprisingly it is kept secret and is NOT available to the general public. It is called WatSucker and it identifies idiots with more money than sense who will buy into any scam.
But – no matter how good that App and no matter how much WASTA Carl Freer claims to have in UAE – history will catch up with him.
His new girlfriend is advised that if asked to open up bank accounts and become involved in Carl Freer’s ventures, she should decline. All his previous wives have huge judgements against them, with more coming, and she would be a fool to allow the same to happen to her.
Finally we should point out that AnyWear is not a new concept. See below. In fact it belongs to a Danish company (so the investors were duped into funding an existing and failing product) which is interesting as . . . there will soon be other news from Denmark . . .
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.
As we enter the 10 year anniversary of the largest fraud in Danish history – the IT Factory A/S Fraud – we join with Carl Freer, the Master Scammer, in raising a glass to what has to be one of the most audacious scams in modern history.
Carl Freer raises his glass in celebration. 10 years on he has still never been charged in relation to the IT Factory scam, and still continues to receive payment from it. No wonder that it, of all the many scams he has been involved in, is the one that most fills his heart with pride and his pockets with cash. It is the scam that keeps on paying and the one he boasts about the most – money stolen in Denmark launched the public company in America.
As for us – we raise a glass to signify the launch of a new impetus to the investigation as we release documents that shed new light on what actually happened. Astonishing documents. Documents that by rights should finally result in Carl Freer’s apprehension and incarceration in either America or Denmark.
First a little recap
The cast of characters that set up and managed the key corporations are all convicted felons and needless to say – but worth pointing out – are hardly like to have planned a legitimate undertaking.
Carl Freer – needs little introduction on this site as we have already detailed his many arrests and convictions and have provided evidence to show that he is – to this date – a fugitive from justice; a man on the run.
Mikael Ljungman – previously involved in the Gizmondo saga with Carl Freer. Had been convicted of fraud in Sweden and later received a 7 year sentence for his part in the IT Factory fraud – and a luxury apartment.
e-Commerce paid for the incorporation of LCM Lombard Capitol Management GmbH. This company received shares in Madero/Getfugu and was used a year later to convince the Board headed by Mr. Sandstrom of Sodermalm Tenants Association in Stockholm that it had real income of SEK7million a year to assign a residential lease to Mikael Ljungman from its previous leaseholder the Head of the Swedish Mafia Roland Bjuhr. His apartment on Strandvagen 41 was transferred into Mikael Ljungman’s name due to the stated income from LCM Lombard Capitol Management GmbH.
If LCM Lombard Capitol Management GmbH was an honest company it wouldn’t have been incorporated using money laundered from the IT Factory scam. If LCM Lombard Capitol Management GmbH was an honest company it wouldn’t have been used to launder shares in Madero/Getfugu. If LCM Lombard Capitol Management GmbH was an honest company it would have had a website, telephone number and business activity apart from being conceived and used to channel IT Factory funds through.
Bjorn Hoglund – He has three convictions in Sweden – In 1995 he received a suspended sentence for forging documents – in 1999 he received a 10 month sentence for accounting fraud, tax evasion and forging documents – 2007 he received a sentence of 2 years and six months for serious tax evasion, fraud and accountancy fraud.
The companies involved
IT Factory A/S – set up in Denmark and leasing and utilising Media Power and IBM technology. Had it been an honest operation rather than a scam it would have been one of the largest tech companies in Denmark and a national success. Instead it crashed with DKK 1.1 Billion in debt – Media Power’s subsidiary e-Commerce received multi millions of dollars from the fraud.
Media Power – 100% owned subsidiary called e-Commerce. Media Power Inc. claimed to be at the forefront of augmented reality technology and might have been an amazing success had it not been conceived by a criminal cabal. Carl Freer and Mikael Ljungman were its founders and Bjorn Hoglund was its Executive Vice President. It “Partnered” with IT Factory.
Madero Inc (Later became GetFugu Inc.) – A shell company created to receive stolen funds – it continues to trade on the stock market to this day, a fascade of legitimacy concealing a dirty truth revealed below for the first time.
Much has been written in the Scandinavian media about the IT Factory fraud and if you so choose you can do further research through Google and the Scandinavian media. ( Google “IT Factory + GetFugu” and click “translate this page” on the results).
We will not rehash the information that you can find by looking up what the media have written. Rather, by adding the missing pieces to the IT Factory puzzle we will show you how the stolen millions were washed through Media Power and its subsidiary e-Commerce and used to purchase assets which have produced even more millions for the participants of the IT Factory fraud for almost a decade.
When investigating any fraud one follows the money. Bank accounts, emails, corporate brochures, US Patent Office and the Securities and Exchange Commission all provide key data, and demonstrate that Carl Freer was, and still is, the primary beneficiary of the audacious IT Factory fraud.
We will show you that the funds from this fraud were money laundered through technology patents and shares in Madero Inc. renamed Getfugu Inc. which is still trading shares in America today.
August 29, 2008: A Public Statement issued by Media Power said that Media Power Inc. had purchased 48% of Madero, Inc. for $264,000, and received 4 million shares of common stock (non-tradable).
Madero was a shell corporation. This statement was false. The truth that Carl Freer, Mikael Ljungman were hiding was that e-Commerce purchased 100% of Madero, Inc. stock utilising the funds stolen in the IT Factory fraud. So sure were they of their ability to muddy the facts that e-Commerce even paid for the office lease for Madero Inc in Rowayton $38,833.50
The documented evidence clearly demonstrates that e-Commerce purchased Madero,Inc with two payments:-
(1) $100,000 on the 1 August, 2008.
(2) $286,000 on the 28 August, 2008.
These payments were made by e-Commerce to Anna Krimshtein’s law firm.
Not satisfied with the public lie about the purchase, Media Power Inc compounded the felony by withholding the fact that the remaining 52% of Madero Inc had ALSO been purchased by e-Commerce. This 52% was the unrestricted stock.
The 52% of unrestricted stock was transferred into companies paid for with e-Commerce funds and incorporated by Sovereign Corporate Services located at PO box 62201, Dubai, United Arab emirates, on e-Commerce directions. (For evidence of this check these three links. LCM LombardMandalay and Stone HarbourLynx)
Further proof of Carl Freer involvement is the email he sent on 23 December to Latham Stearn (who was later appointed Chairman) saying approximately 51% of Madero’s shares are free trading, currently held by a group of “friendly” non-affiliated shareholders (Part of email by CF)
Several months later the unrestricted stock was secretly transferred from these companies into accounts owned by the immediate family of Carl Freer, and thereby put under his control and ownership. The funds used to purchase these shares came directly from the fraud in Denmark’s IT Factory.
So you can see why we said Carl Freer can be characterised as the largest beneficiary of the IT Factory fraud. The monies from this fraud were money laundered through the shares in Getfugu Inc. (previously Madero Inc.)
Unrestricted shares in Getfugu Inc, are still being traded to this day. What shareholders have not known is that all the unrestricted shares were purchased using stolen funds, that the unrestricted shares were placed in offshore companies located in Dubai (see linked data above) and later transferred into Carl Freer’s control through his family members.
In keeping with his dreams of grandeur Carl Freer’s family were registered to the “Paradise Foundation” – no doubt another of his great humanitarian and philanthropic endeavours. Match the Certificate number on this with the number listed on page 2 of he transfer document above.
The documents we have acquired provide the missing evidence of how this fraud was orchestrated. Media Power’s audited accounts are false; Media Power’s statements to the SEC are false; and Madero Inc (renamed Getfugu Inc.) statements to the SEC are false.
We will pass all the data collated on to the SEC, the IT Factory investigation team, American tax authorities and the FBI. We will explain to the authorities in Dubai the role they played in the fraud.
Finally, if there are shareholders in Getfugu Inc who decide to take a class action, all of our information and sources will be made available to you.
Carl Freer incorporated The Freer Family Tree Foundation which has been soliciting for donations without relevant permits – the Information provided by Carl Freer’s Charity Foundation is verified to be bogus. The complaint additionally highlights the fact that the Fund-raiser is ambiguous or unable to provide answers to queries on the fundraising (e.g. uses of funds received and name of the beneficiary.)
The Foundation’s chairman is Carl Freer and he uses the Foundation as a self-promotional tool. He has paid for articles and press releases claiming that he is a Billionaire philanthropist and humanitarian – articles that aid and assist in hiding the truth about Carl Freer’s true criminal character.
We decided to file this complaint in response to the latest barrage of threats of violence. We know Carl Freer to be a Mafia connected criminal; a fugitive from justice who likes to issue death threats.
On the one hand he threatens violence – on the other he claims to be a billionaire philanthropist who loves to help needy orphans. The two do not go together.
The Singaporean commissioners of charities have been asked to look into Carl Freer’s eligibility newly, with accurate facts to hand, to determine if he is a fit and proper person to be running a Foundation – let alone a Foundation which, in its own video claims to be, “The world’s first cloud sourcing campaign site.”
(Weren’t Watstock and Hotstock the ‘world’s first’ as well? Aren’t all of Carl Freer’s scams introduced as “world’s first”? Watopedia, Watgold, Petrofinde, Intelligentia . . .)
Carl Freer’s Foundation says it, “works with organisations, homes, shelters and orphanages throughout the world.” This message has been repeated for the past 4 years . . . however we have not identified one organisation, shelter or orphanage that has actually worked with or benefitted from Carl Freer’s humanity. And he himself – despite so many self-promoting press releases and videos – has failed to name a single one.
The Freer Family Tree Foundation is a Nonprofit Organization. Its Linkedin page publicly states it has 6 followers as of today’s date.
Despite only having 6 followers, the promotional video claims it has links in the social media network of over 2 million followers. It also claims to have a shop where you can purchase relief supplies at cost. It also claims they are growing a global network. Claims that are belied by the fact that the only factual evidence available is the LinkedIn page of six followers.
Carl Freer is a convicted serial fraudster – Carl Freer is not a billionaire – Carl Freer is not a philanthropist – he is not a humanitarian. Professional scepticism should be adopted when reading material produced by his hand, or paid for and distributed by his publicists.
Here is a small list of puff pieces paid for and posted by Carl Freer.
When we contacted the Commissioners of Charities in regards to filing the complaint, we were thanked and informed, “You are going to have people who enter the charity sector for self-promotion and less than honest reasons – it’s simply a fact of life – the task is to keep exposing them and their misconduct to those who are looking for the truth. A fraudster running a foundation asking for donations – this sounds highly irregular.”
Like any other sector, charities are not immune to criminal abuse from fraudsters. Fraud poses a serious risk to valuable funds and can damage the good reputation of Singapore charities, affecting public trust and confidence in the sector as a whole. Equally important is encouraging a culture of professional scepticism – everyone is encouraged to play their part in stopping fraud and to come forward with any concerns.
Fund-raiser is ambiguous or unable to provide answers to queries on the fundraising (e.g. uses of funds received and name of the beneficiary)
Charity or organisation is soliciting for donations without the relevant permit
Commercial or third-party fundraiser is unable to show proof that they are authorised by charity to raise funds
There is reason to believe that the funds raised are being misused
Now that this foundation has been exposed – let’s see how long it takes for the website to come down – for the foundation to reinvent itself – this foundation provides further evidence that no one is safe from Carl Freer’s greed and self-importance.
He is not a trillionaire either in case anyone fell for that lie.
Carl Freer 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.