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The fraud began to unravel rapidly beginning on March 19, 1997, when Bre-X geologist Michael de Guzman reportedly died of suicide by jumping from a helicopter in Indonesia. [11] [12] A body was found four days later in the jungle, missing the hands and feet, "surgically removed". [13]
May 19, 2024 · 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 jungle site in Indonesia.
Jun 7, 2006 · For more than eight years, that was all we knew about the mysterious death of Michael de Guzman. Lots of theories, deep doubts, and nothing more. But a couple of weeks ago, the ghost of Bre-X reappeared.
Jul 13, 2023 · We examine the enabling forces around the scandal and analyze Michael De Guzman's specific cover-up strategy. Participants include Bre-X management, investors, the Indonesian Government, Freeport-McMoRan, Busang villagers and the Ontario Securities Commission.
So where is Michael de Guzman? Mike was a smart and conniving individual to have been part of what Strathcona described as the most sophisticated and elaborate mining scam they had ever seen.
Jan 26, 2017 · Was Michael de Guzman (Michael Acosta in the movie) married in real life? Yes. The movie implies Edgar Ramírez's character is not married, when in fact, the real Michael de Guzman had at least four wives all around Asia. His frequent traveling allowed him to keep them a secret from one another.
Jul 1, 2012 · In 1993, a prospector named Michael de Guzman walked out of the jungles of Borneo with extraordinary news: he found gold.
Feb 20, 2019 · In 1995 Michael de Guzman, who oversaw the project, announced he had discovered gold in the area. This caused the firm's shares to rise by the summer of 1996 to a peak of nearly 1,000 times from...
Apr 25, 2024 · In this series, I revisit this story, uncovering new revelations about the mysterious death of Bre-X geologist Michael de Guzman, and the scam that saw ordinary people lose their life savings,...
Jul 3, 2019 · Suharto was ready to sign a contract after this step, locking in Bre-X's land rights for 30 years and starting the flood of gold. But just four weeks later, Bre-X's geologist at Busang, Michael de Guzman, exited his helicopter that was 250 meters in the air at the time—an evident suicide.
