bre x gold mining scandal in syria

Jul 03 2019 · The collapse of BreX cast a cloud over the gold mining industry that lasted into the next century David Walsh decamped to the Bahamas where he died of an aneurysm in 1998 BreXs chief geologist John Felderhof eventually went on trial in Canada but

May 19 2016 · The BreX scandal began in March 1993 subsequent to the company purchasing a large mining site in Busang Indonesia on Borneo Subsequent to BreX purchasing the mining site in Busang it boasted that it was sitting on the largest known gold deposit in the world

BreX was the darling of the Toronto Stock Exchange after reporting finding a major gold deposit in Indonesia But the Busang mine find was later revealed to be a fake resulting in the companys

Oct 12 2020 · The BreX fraud was perpetrated by the simple act of contaminating core samples with gold dust taken from gold jewelry and other mining sites

Jan 25 2015 · JP Morgan bankers talked up Busang in a conference call in which BreX’s top geologist predicted the deposit might contain a staggering 200 million oz of gold

Jan 27 2017 · May 26 2007 Four wives nine children and one gigantic mining scandal are all part of the legacy left by BreX geologist Michael de Guzman But

After the largest gold fraud of the century was exposed on March 26 1997 BreX went bankrupt and its shares became worthless The scandal cost investors an estimated 3 billion CBC News

Jan 25 2015 · JP Morgan bankers talked up Busang in a conference call in which BreX’s top geologist predicted the deposit might contain a staggering 200 million oz of gold worth over 240 billion in 2014

Jan 23 2015 · JP Morgan bankers talked up Busang in a conference call in which BreX’s top geologist predicted the deposit might contain a staggering 200 million oz of gold worth over 240 billion in 2014 prices Morgan declined to comment

Jan 26 2017 · When the BreX scandal broke in 1997 and a massive gold find was revealed as a more massive fraud mining executives predicted the truelife tale would be

Feb 20 2019 · BreXs deception came to light when an attempt by Barrick Gold to take over the site led BreX to agree to a joint venture with the FreeportMcMoran mining firm and an

A ’s 2015 article “BreX scandal A history timeline” provides the following details and accounts of the one of the greatest Gold Scams in recent history From initial private

Oct 28 2019 · Mr Felderhof was vicepresident of exploration at BreX when the tiny mining company reported finding a massive gold deposit in the jungles of Busang Indonesia in the 1990s and went on a

Jan 27 2017 · May 26 2007 Four wives nine children and one gigantic mining scandal are all part of the legacy left by BreX geologist Michael de Guzman But it’s hard to

BreX officials including Walsh and geologists John Felderhof and Michael de Guzman touted the companys Busang deposit on Borneo as the gold find of the century The companys stock soared and

1993 BreX Minerals starts gold exploration in Busang a remote area of rain forest on the island of Borneo 1995 BreX says Busang could contain more than 30 million ounces of gold

Jan 20 2017 · Gold The movie about the BreX mining scandal that isn’t about BreX Back to video Gold opening in theatres across Canada on Jan 27 is the story of a brash chainsmoking potbellied mine prospector whose dream of finding the motherlode is allconsuming

Oct 28 2019 · John Felderhof the BreX 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 only person to face formal charges in the infamous gold mining fraud but was acquitted of insider trading and other securities violations in 2007

In 1989 Canadian businessmen David Walsh founded the BreX mining company which would find itself at the centre of a scandal so infamous it inspired the 2016 film Gold In 1993 the company bought land near the Busang River on the Indonesian island of Borneo on the recommendation of geologist John Felderhof and within a year the company had struck gold reporting reserves of around 8 million

BreX Scandal How it Effected Canada What Happend to BreX Once Michael De Guzman died BreX and Freeport announced its findings to the public there was a frenzy sell off of the stock An independent company Strathcona Minerals was brought in get their own samples and they

Oct 12 2020 · The BreX fraud was perpetrated by the simple act of contaminating core samples with gold dust taken from gold jewelry and other mining sites