From Boom to Bust: How Bre X Shattered Investor Confidence

4. The Unraveling of Bre-Xs Deception. The Bre-X scandal is one of the most notorious fraud cases in the history of mining and investment. In the early 1990s, Bre-X …

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Former Bre-X chief geologist John Felderhof dies in the Philippines

The dismissal of two civil lawsuits in 2014 closed the final legal chapter of one of the biggest corporate scandals in Canadian history. ... 1997 that there was virtually no gold at …

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The Bre-X Mining Scandal, Part 4: The Bre-X Scandal: A

Bre-X Minerals Ltd., a small Canadian company, falsely reported one of the largest gold deposits ever discovered in Indonesia, leading to massive financial losses for investors …

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Exploring the mystery of the man embroiled in a Canadian mining …

On the morning of March 19, 1997, Michael de Guzman, chief geologist at Canadian mining company Bre-X Minerals, boarded a helicopter flight to travel to a remote jungle site in …

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Gold Movie vs. the True Story of the Bre-X Gold …

Was anybody ever punished for the Bre-X gold mining scandal? No. Michael de Guzman (Edgar Ramírez in the movie), the man who was "salting" the samples of earth with gold shavings, leaped to his death from a …

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Case Study: Bre-X Scandal – The $6 Billion Gold Fraud

The Bre-X scandal is the perfect example of a true fraud that results from dishonest and deceitful business ethics, morals, and principals. The Bre-X scandal is considered to be the biggest …

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JUNGLE FEVER THE BRE-X SAGA IS THE GREATEST GOLD …

Bre-X was a gold-mining hoax--the largest of any century--until it collapsed onto itself last month. Allegedly thousands of rock samples were "salted" with flakes of gold before …

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The Bre X Scandal: Unmasking the Dark Side of Mining

The Bre-X Scandal was one of the most significant events in the history of the mining industry. It shook the industry to its core and left a trail of destruction in its wake. The …

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Bre X: Corporate Governance Failures and the Fallout

The Bre-X scandal of the late 1990s had a profound impact on investor confidence in the mining industry. The discovery of massive fraud and deception at the heart of the Bre-X …

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The mystery of the man embroiled in a billion dollar gold scam

On the morning of 19 March 1997, Michael de Guzman, chief geologist at Canadian mining company Bre-X Minerals, boarded a helicopter flight to travel to a remote …

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Gold Movie – Bre-X Scandal Indonesia

The Bre-X scandal began to unfold from there, as new experts brought in to investigate soon uncovered the greatest mining scandal in history. In spite of the fact that the …

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Bre-X Minerals Ltd.: Gold Rush Deception

The Bre-X scandal had a profound impact on investor confidence, not only in the mining industry but also in financial markets at large. The sudden and drastic collapse of Bre …

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Mining scandals: four incidents that shook the industry

Bre-X's fake gold mine. In 1989, Canadian businessmen David Walsh founded the Bre-X mining company, which would find itself at the centre of a scandal so infamous it …

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Bre X: SEC's Role and Lessons in Securities Regulation

The Bre-X scandal was one of the biggest frauds in the history of the mining industry. It took place in the 1990s in Indonesia, where a Canadian company named Bre-X …

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Great frauds in history: the Bre-X gold-mining scandal

Bre-X's deception came to light when an attempt by Barrick Gold to take over the site led Bre-X to agree to a joint venture with the Freeport-McMoran mining firm and an Indonesian fixer....

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New BBC World Service and CBC podcast The Six Billion Dollar Gold …

When Canadian mining company Bre-X announced to the world that it had found a large deposit of gold, deep in the jungles of Indonesia in 1995, stock prices soared, as …

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Bre X: A Case Study in Corporate Governance Gone Wrong

Bre-X and the Gold Mining Industry The gold mining industry has been a significant part of the global economy for centuries. The quest for gold has driven explorers, miners, and …

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Bre-X Collapses

The deal with U.S. mining firm Freeport-McMoRan Copper & Gold Inc., brokered by Indonesian timber tycoon Mohamad (Bob) Hasan, chopped Bre-X's interest in Busang to 45 …

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Acquittal of geologist ends Bre-X case

John Felderhof, the former chief geologist and vice-chairman of Bre-X Minerals, was found not guilty on Tuesday of insider trading, bringing to a close one of Canada's biggest …

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Six years later, Bre-X case enters final week | CBC News

The Bre-X Minerals saga is the most notorious in Canadian mining history. ... results had been "salted" — the samples had been sprinkled with gold from other sources. Bre …

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Bre X: Legal Battles and the Pursuit of Justice

The scandal involved the falsification of gold deposits by Bre-X Minerals, a Canadian mining company, which resulted in investors losing billions of dollars. The scandal …

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Bre-X scandal: A history timeline

In December 1996, Lehman Brothers Inc. strongly recommended a buy on "the gold discovery of the century." Major mining companies such as Barrick Gold, Placer Dome, and Freeport-McMoRan Copper...

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True Story of Gold: The Bre-X Mining Scandal

Bre-X's stock rose from 30 cents a share in 1988 to over $59 a share by October 1995. By 1996, shares had reached an astronomical $187 a share, with the company valuation …

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The Bre-X Gold mining scandal turned part of the Borneo jungle into …

The story of the greatest mining cheat of all time began in 1993 when the owner of Canadian penny-stock mining company Bre-X purchased the rights to some land in the middle …

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25 Years After Bre-X by the Man Who Made a Fortune …

The Bre-X fraud was brought to an end by a mining consultant, Graham Farquharson of Strathcona Mineral Services, who released on May 4, 1997 that its independent audit concluded a massive campaign of tampering and fraud …

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The Bre-X Story

The document summarizes the Bre-X mining scandal of the 1990s, one of the largest frauds in mining history. It outlines the key players and timeline of events, from Bre-X Minerals initially …

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Matthew McConaughey takes on Bre-X, but the real …

Bre-X mining site in Busang in the 1990s. ... Busang was billed as the biggest gold deposit on Earth. Bre-X's value on the Toronto Stock Exchange ballooned to $6 billion. ... go to Bre-X: The ...

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Bre X: The Lasting Legacy of Canada's Biggest …

The Bre-X scandal is one of the biggest mining frauds in history, which shook the Canadian mining industry and investors worldwide. The discovery of a massive gold deposit in Busang, Indonesia, in 1995, was the …

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The Bre-X Mining Scandal, Part 1: A Scandal for the Ages

The "Gold Discovery" Bre-X's Busang find was framed as a rare and monumental opportunity for wealth generation, not only for Bre-X itself but for the investors who flocked to …

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Bre-X Scandal: A History Timeline

Major mining companies such as Barrick Gold, Placer Dome, and Freeport-McMoRan Copper & Gold, among other top producers, fought an epic battle to get a piece of Bre-X's Busang deposit. Indonesia's Suharto regime …

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The Bre-X Mining Scandal, Part 4: The Bre-X Scandal: A Turning …

The Bre-X mining scandal of the 1990s is one of history's most infamous corporate fraud cases. Bre-X Minerals Ltd., a small Canadian company, falsely reported one of the …

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The Bre-X Gold Scandal, History and Resources

On Friday 11 April, Northern Miner magazine put a "news flash" on its site laying out three lines of evidence that Bre-X had been duped. First, …

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Bre-X Minerals Ltd: What It Is, History, Scandal Aftermath

Bre-X Minerals Ltd., often referred to simply as Bre-X, was a Canadian gold mining company that infamously defrauded investors by falsifying gold samples and misstating its available gold reserves. From a peak valuation of over $6 billion (CAD), Bre-X's shares collapsed, and the company soon filed for …

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John Felderhof, geologist who played central role in Bre-X gold mining

John Felderhof, the Bre-X geologist who played a central role in one of the biggest stock market scandals in Canadian history, has died. He was 79 years old. Felderhof was the …

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Bre-X Gold Mining Scandal Documentary

Calgary-based Bre-X Minerals Ltd. was involved in a major mining scandal after the company reported it was sitting on an enormous gold find in Borneo. This documentary …

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Bre-X Scandal: A History Timeline

Major mining companies such as Barrick Gold, Placer Dome, and Freeport-McMoRan Copper & Gold, among other top producers, fought an epic battle to get a piece of …

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