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Jan 09, 2017· New film "Gold" and the infamous BreX mining scandal ... A. Block and I were vigorously researching the pennystock fraud phenomenon which took off (again) in the 1980s and 1990s. The scams were predominantly based in specific geographic regions within the, ...
Jan 30, 2017· In an incredible five years in the mid1990s, a bustling business centre was built by the Canadian firm at Busang. ... Gold: The movie about the BreX mining scandal that ''isn''t about BreX'' ...
BREX: The Inside Story [Diane Francis] on *FREE* shipping on qualifying offers. For 2 years, BREX was the darling of the world''s stock markets. Millionaires were created over night; until the scam was uncovered.
This chapter explores the 1997 BreX gold mining fraud. We examine the enabling forces around the scandal and analyze Michael De Guzman''s specific coverup strategy. Participants include BreX management, investors, the Indonesian Government, FreeportMcMoRan, Busang villagers and the Ontario Securities Commission.
Biggest gold mining scandal in history gets Hollywood treatment BreX Mining gold fraud of 1990s serves as reminder of investment risks
In the mid1990s, the biggest scandal of all time in the mining industry shook public confidence and negatively impacted the industry''s capacity to raise capital. BreX reported a mineral resource of 70,000,000 troy ounces of gold which was subsequently found to be a fraudulent claim.
The BreX scandal of the 1990s threw a long shadow over Canadian mining stocks. A struggling geologist working in Indonesia announced that he had discovered a vein .
Jan 24, 2017· Biggest gold mining scandal in history gets Hollywood treatment ... based on the BreX Minerals scandal of the 1990s, ... in any mining stock, remember that BreX .
The BreX scandal is the perfect example of a true fraud that results from dishonest and deceitful business ethics, morals, and principals. The BreX scandal is considered to be the biggest mining and gold scandal of all time, and one of the biggest stock scandals in Canadian history.
The Canadian company BreX Minerals Ltd. didn''t know about that when it bought rights to the site in 1993. But after BreX hired a highliving geologist to map the ore body, the deposit, along with the fever dreams that accompany gold, grew to monster size—by March 1997 that geologist was talking about a 200millionounce resource. You do the ...
John Felderhof, the only executive prosecuted in the BreX Minerals gold hoax of the 1990s, has died in the Philippines, according to his Toronto lawyer. The former chief geologist of the Calgary ...
Jan 25, 2017· Some believe the film "Gold" is based on Calgarybased BreX Minerals scandal of the 1990s, which marked a watershed in the mining industry.
Jan 27, 2017· In 1993 BreX thought they had struck it big. They had core mining samples that indicated a huge gold deposit in Indonesia. Unbeknownst to BreX.
Mar 30, 2018· The BreX scandal was a huge shock, people were left wondering how this type of thing could have happened. It was famous enough to get made into a movie, starring Matthew McConaughey. The BreX scandal is still remembered today, with many remembering it as one of the biggest instances of white collar crime in Canada.
Sep 26, 2017· The BreX Mining Scandal is a cautionary tale of how a penny stock with an initial public offering of just 30 cents per share skyrocketed to over 250 per share on a web of lies. The small mining company, started by David Walsh, came to prominence when a geologist, Michael De Guzman, claimed to have soil samples from a site in Indonesia ...
Jan 26, 2017· The BreX mining scandal rocked Canada and the world in the 1990s. Twenty years later, the event becomes just another shiny, empty Hollywood thriller
Jan 25, 2015· This infographic documents the rise and fall of BreX. From initial private offerings at 30 cents a share, BreX stock climbed to more than 250 on the open market. Near the peak of BreX .
The BreX scandal is the perfect example of a true fraud that results from dishonest and deceitful business ethics, morals, and principals. The BreX scandal is considered to be the biggest mining and gold scandal of all time, and one of the biggest stock scandals in Canadian history.
The BreX scandal rocked the mining world in the mid 1990s. A small Canadian firm claimed to have discovered a massive gold deposit in Indonesia, sending its shares rocketing – at the peak, Bre ...
The importance of verifying reserves was dramatically illustrated by the BreX mining scandal in the late 1990s. BreX, a Torontolisted junior mining company with no production, started as a penny stock. Based on reports that its Busang concession contained as much as 200 million ounces of reserves (which would have made it the world''s ...
BreX and Canadian Mining Scandals The Archived Official BREX website The official website of the company has been preserved by the Wayback Machine which archives a huge number of internet sites. BREX ... An outline of the longrunning Indian stock market scandal of the 1990s by Sucheta Dalal.
Jan 26, 2017· BreX goes from a penny stock to a Wall Street favourite. After initial reports surfaced of BreX''s findings, the company''s stock, which had been trading at pennies, began climbing, eventually hitting 280 per share and putting BreX''s market value around the 6 billion mark.
Jan 24, 2017· BreX was a group of Canadian gold producing companies in the 1990s. Based in Calgary, BreX purchased a gold producing property in Busang, Indonesia, in Borneo in March 1993.
The scandal caused by the BreX is due in large part because mine swindling is relatively rare today, especially in companies traded on a major stock exchange such as the Toronto Exchange. Unlike many mining swindles in years past, The BreX fraud has been documented in detail. For more information, see one of the books below.
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