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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. A body was found four days later in the jungle, missing the hands and feet, "surgically removed". In addition, the body was reportedly mostly eaten by animals.
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. One of de Guzman's widows said she received a $25,000 money order from her supposedly dead husband earlier this year.
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.
Jan 26, 2017 · Did Michael de Guzman really plummet to his death from a helicopter? Yes. Filipino geologist Michael de Guzman, who is renamed Michael Acosta and portrayed by Edgar Ramírez in the movie, did perish after plummeting into the Borneo jungle from a helicopter.
Jan 27, 2017 · De Guzman Lives: In this popular yarn, Bre-X geologist Michael de Guzman — known as Big Boss by underlings — fakes his own death and takes off to South America with his millions. Like Bigfoot...
May 21, 2024 · Bre-X geologist Michael de Guzman is the man of the hour. He’s responsible for one of the biggest gold discoveries in the world, deep in the Indonesian jungle. It’s a find that sends Bre-X...
Jun 7, 2024 · On the morning of March 19, 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...
Bre-X Minerals regretted to report the death of Michael de Guzman in a fall from a helicopter. Some analysts speculated that he probably fell out of the helicopter as it was hopping around site where geologists often get lax with safety protocols.
Jul 13, 2023 · This chapter explores the 1997 Bre-X gold mining fraud. 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.
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...
