Bre-X

Bre-X PDF Author: Jennifer Wells
Publisher: Texere Publishing
ISBN: 9780752813790
Category : Commercial crimes
Languages : en
Pages : 404

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Book Description
It was hailed as the biggest gold discovery this century, worth more than u15 billion, but it turned out to be a big mining scandal. This is an account of how, in 1995, Bre-X Minerals, a small Canadian mining company, shot to world fame and fortune after announcing the discovery of 71 million ounces of gold at the Busang site, on the island of Borneo, Indonesia. The value of Bre-X shares soared from $5 to $192.50 within minutes of listing in Toronto in 1996."

Bre-X

Bre-X PDF Author: Jennifer Wells
Publisher: Texere Publishing
ISBN: 9780752813790
Category : Commercial crimes
Languages : en
Pages : 404

Get Book Here

Book Description
It was hailed as the biggest gold discovery this century, worth more than u15 billion, but it turned out to be a big mining scandal. This is an account of how, in 1995, Bre-X Minerals, a small Canadian mining company, shot to world fame and fortune after announcing the discovery of 71 million ounces of gold at the Busang site, on the island of Borneo, Indonesia. The value of Bre-X shares soared from $5 to $192.50 within minutes of listing in Toronto in 1996."

The Bre-X Fraud

The Bre-X Fraud PDF Author: Douglas Goold
Publisher: M&S
ISBN: 9780771033346
Category : Fraud
Languages : en
Pages : 0

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Book Description
The 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 in May 1997, before trading halted forever. And the Busang deposit, supposedly as much as 200 million ounces of gold, worth about $70 billion U.S. - the biggest gold find in history - was actually the century's biggest fraud. How did this happen, right under the noses of the financial world? In this book the experienced investigative team from "The Globe and Mail's Report on Business that broke the story of Bre-X's troubles has combined forces to answer that question. With literally hundreds of Bre-X interviews behind them, and drawing on resources from several continents, they have been able to explain the twists and turns of this complex tale. The result is a fascinating true story that reads like the wildest fiction.

Bre-X

Bre-X PDF Author: Diane Francis
Publisher: Key Porter Books
ISBN: 9781550139136
Category : Fraud
Languages : en
Pages : 0

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Book Description
For 2 years, BRE-X was the darling of the world's stock markets. Millionaires were created over night; until the scam was uncovered.

Bre-X

Bre-X PDF Author: Vivian Danielson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 312

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Book Description


Lying for Money

Lying for Money PDF Author: Dan Davies
Publisher: Scribner
ISBN: 1982114932
Category : True Crime
Languages : en
Pages : 304

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Book Description
An entertaining, deeply informative explanation of how high-level financial crimes work, written by an industry insider who’s an expert in the field. The way most white-collar crime works is by manipulating institutional psychology. That means creating something that looks as much as possible like a normal set of transactions. The drama comes later, when it all unwinds. Financial crime seems horribly complicated, but there are only so many ways you can con someone out of what’s theirs. In Lying for Money, veteran regulatory economist and market analyst Dan Davies tells the story of fraud through a genealogy of financial malfeasance, including: the Great Salad Oil swindle, the Pigeon King International fraud, the fictional British colony of Poyais in South America, the Boston Ladies’ Deposit Company, the Portuguese Banknote Affair, Theranos, and the Bre-X scam. Davies brings new insights into these schemes and shows how all frauds, current and historical, belong to one of four categories (“long firm,” counterfeiting, control fraud, and market crimes) and operate on the same basic principles. The only elements that change are the victims, the scammers, and the terminology. Davies has years of experience picking the bones out of some of the most famous frauds of the modern age. Now he reveals the big picture that emerges from their labyrinths of deceit and explains how fraud has shaped the entire development of the modern world economy.

Friction

Friction PDF Author: Anna Lowenhaupt Tsing
Publisher: Princeton University Press
ISBN: 1400830591
Category : Social Science
Languages : en
Pages : 336

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Book Description
What the struggle over the Indonesian rainforests can teach us about the social frictions that shape the world around us Rubbing two sticks together produces heat and light while one stick alone is just a stick. It is the friction that produces movement, action, and effect. Anthropologist Anna Lowenhaupt Tsing challenges the widespread view that globalization invariably signifies a clash of cultures, developing friction as a metaphor for the diverse and conflicting social interactions that make up our contemporary world. Tsing focuses on the rainforests of Indonesia, where in the 1980s and 1990s capitalist interests increasingly reshaped the landscape not so much through corporate design as through awkward chains of legal and illegal entrepreneurs that wrested the land from previous claimants, creating resources for distant markets. In response, environmental movements arose to defend the rainforests and the communities of people who live in them. Not confined to a village, province, or nation, the social drama of the Indonesian rainforests includes local and national environmentalists, international science, North American investors, advocates for Brazilian rubber tappers, United Nations funding agencies, mountaineers, village elders, and urban students—all drawn into unpredictable, messy misunderstandings, but misunderstandings that sometimes work out. Providing an invaluable portfolio of methods for the study of global interconnections, Friction shows how cultural differences are in the grip of worldly encounter and reveals how much is overlooked in contemporary theories of the global.

History's Greatest Deceptions and Confidence Scams

History's Greatest Deceptions and Confidence Scams PDF Author: Steven Lazaroff
Publisher: Rodger & Laz publishing S.E.N.C.
ISBN: 1775292134
Category : True Crime
Languages : en
Pages : 243

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Book Description
Throughout history, there have always been fraudsters and tricksters ready and willing to part people and their money with smooth talking and tall tales, but the first formally recorded “confidence trick” was uniquely American in its origins and set the bar for both simplicity and sheer guts, both hallmarks of the most successful frauds ever perpetrated. From the ancient Egyptians to the modern era, join the authors as they take you on a romp throughout 4000 years of human history to reveal the tricks and schemes that were perfected by colorful characters throughout the ages. Using humor, and wit, the authors paint a tapestry of deception and subterfuge perpetrated by the brilliant minds of each era.

BRE-X: DEAD MAN?S STORY?

BRE-X: DEAD MAN?S STORY? PDF Author: Alfred Lenarciak
Publisher: Author House
ISBN: 1491847883
Category : Business & Economics
Languages : en
Pages : 261

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Book Description
Between 1994 and 1997, Canadian-based Bre-X Minerals sponsored and enthusiastically promoted listings on the TSX and NASDAQ by JPMorgan, Lehman, BMO, Scotia as well as others, who were exploring for gold on the Busang property on the Indonesian island of Borneo. Their efforts bore the discovery of a lifetime: a mammoth deposit speculated to contain over 200 million ounces of easily extractable gold. The company's stock exploded from 25 cents to $270, giving them a valuation of over $6 billion. Major mining companies like Barrick, Placer Dome and Freeport McMoran started competing to develop the largest gold deposit ever discovered. In early 1997, Suharto and his Indonesian government took control of the deposit, by force, and commissioned Freeport to build a mega mine. In the ensuing months, due diligence revealed that the deposit was a gigantic hoax! There was no gold in Busang. The principals of Bre-X were accused (but never convicted) of salting (adding gold) the samples before sending them to the labs. Michael de Guzman, a Filipino geologist who served as the project manager, infamously jumped from a helicopter into the abyss of Borneo's jungle. Minorca Resources of Toronto were the financial partners of the Haji Saykerani group of companies who owned Busang. Alfred Lenarciak was the chairman of Minorca at the time. In a strange twist of fate, in February of 2012, Alfred had a chance encounter in Rome, Italy with a man named Akiro Guzzo, who shared with him an amazing story on the life and death of Michael de Guzman: is this really a dead man's story?

An Introduction to Forensic Geoscience

An Introduction to Forensic Geoscience PDF Author: Elisa Bergslien
Publisher: John Wiley & Sons
ISBN: 1405160543
Category : Science
Languages : en
Pages : 531

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Book Description
An Introduction to Forensic Geoscience provides fundamental training in geoscience as developed through the lens of its forensic applications. It incorporates a range of topics including geophysical methods of grave detection, the mineralogy of art, identification of microfossils, and comparison of soil trace evidence samples. Each topic is introduced using core concepts that are developed with increasing complexity in order to give readers an understanding of the underlying scientific principles involved and a taste of the wide range of possible forensic uses. A variety of detailed reference tables have been compiled for the text and each chapter contains lists of references to applicable textbooks and journal articles. Examples of real criminal cases are also presented in each chapter to make the connections between theory and real world application. The goal of this book is to give readers a familiarity with the wide range of ways in which geoscience principles and geological materials can be utilized forensically. Additional resources for this book can be found at: http://www.wiley.com/go/bergslien/forensicgeoscience.

Bre-X

Bre-X PDF Author: Diane Francis
Publisher: Seal Books
ISBN: 9780770427870
Category : Fraud
Languages : en
Pages : 326

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Book Description
IT SEEMED TOO GOOD TO BE TRUE--IT WAS It was every investor's dream come true. Bre-X Minerals had made an incredible find in Indonesia; the richest gold mine ever! Almost overnight, Bre-X stock soared through the stratosphere. Then came the fall--literally--as the company's chief geologist tumbled to his death from a helicopter over the Borneo jungle. Soon there was even more shocking news. The Bre-X find was one of the biggest hoaxes in financial history. Best-selling author Diane Francis lays bare the details behind this stunning stock swindle. With revealing, all-new material drawn from a global network of business contacts and confidential sources. Francis exposes the glib promises, shady dealings, backroom manoeuverings, and sheer unadulterated greed behind a gigantic scan--a financial disaster that enriched a select few, ruined many, and sent shockwaves through the business community.