WebOct 3, 2014 · If you were around in the mid 1990's, it's likely the name BRE-X conjures up some frightening memories. It's a true rags to riches story that involves murder, international intrigue, arson, and exotic adventure. It's also a story about a fantastic investment fraud that left once rapt investors, both big and small in humiliating ruins. 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 …

The Bre-X Fraud by Douglas Goold - Goodreads

WebThe Bre-X fraud wiped out billions of dollars worth of investments and spawned a string of lawsuits by cheated investors. When asked to explain his role in the fraud, Walsh said he was the... 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 … microwave brands to avoid

David Walsh (mining) - Wikipedia

WebMay 19, 1997 · Bre-X Collapses. It was a cool night in Jakarta and the Shangri-La hotel was all aglitter. Valentine's Day, 1997. Young couples swayed through the lobby, the ladies … WebBefore the Bre-X fraud was unearthed, Bre-X stock rose from pennies per share in 1994 to 201.75 Canadian dollars on May 10, 1996, when shareholders approved a 10-for-1 stock split. Early shareholders selling at peak valuations after the stock split stood to enjoy a more than 500-fold profit. This rise reflected ever-expanding estimates of the ... WebJan 31, 2024 · Bre-X Minerals was a major Canadian mining company that perpetrated one of the largest financial frauds in the industry’s history. The nature of the fraud involved … microwave brands list