WebFeb 20, 2024 · In May 1997, Bre-X filed for bankruptcy. Lessons for Investors In June 1998 Walsh suddenly died of an aneurysm. Despite selling up to $75m worth of stock before it … WebWhen the Bre-X bubble burst, the stock that had soared from fifty cents in 1994 to the equivalent of $286 in 1996 was worth nine cents in May 1997, before trading halted …
Fraud Examination – Bre-X Minerals Case Study - Subjecto.com
WebJan 7, 2024 · Bre-X was a popular group of big companies found in Canada. Being among the famous companies, Bre-X Minerals Limited, based in a town called Calgary, got involved in a big scandal in the gold mining sector. This happened in 1993 when the company bought land in Indonesia near Busang River. WebThe history books will add the Bre-X saga to other legendary frauds like the South Sea Bubble. When the Bre-X bubble burst, the stock that had soared from fifty cents in 1994 to the equivalent of $286 in 1996 was worth nine cents … edu akcja jeronimo
(PDF) Fraud and Financial Markets: The 1997 Collapse of the …
WebBefore the Bre-X fraud, Walsh had run several successful oil and gas companies with properties throughout the United States and Canada and had been a stock broker, trust company officer, and portfolio manager. He died of an apparent aneurysm in 1998, suffered at his home in the Bahamas. [1] [2] In popular culture [ edit] WebOct 28, 2024 · Former Bre-X Minerals Ltd. geologist John Felderhof, a central figure in Canada’s largest stock market fraud, died on the weekend. Mr. Felderhof was vice-president of exploration at Bre-X when ... WebJan 25, 2015 · Bre-X’s exploration permits are revoked. 1997: January fire at Busang destroys many of the sample records. 1997: After many major miners express interest in … edu board raj