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Bre-X Minerals Ltd., a major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang , East Kalimantan, Indonesia. Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock ...
Walsh was founder, leader and CEO of the Canadian mining company Bre-X, which was involved in one of the largest stock market scandals in Canadian history. Although Walsh had been oblivious to or dismissive of warning signs before the outbreak of the scandal, he called in RCMP investigators once the fraud was identified, and assisted the RCMP in their criminal investigation.
The gold-mining scandal was the result of Bre-X Minerals's false reports of an enormous gold deposit at Busang, Indonesia. Bre-X bought the Busang site in March 1993 and, in October 1995, announced significant amounts of gold had been discovered, sending its stock price soaring.
Brex Inc. is an American financial service and technology company that offers business credit cards and cash management accounts to technology companies. [4] Brex cards are business charge cards, which require at least $50,000 in a bank account if professionally invested, if not with $100,000 to open, and cardholders who default won't damage their personal credit or assets. [5]
NI 43-101 was created after the Bre-X scandal to protect investors from unsubstantiated mineral project disclosures. [2] "The gold reserves at (Bre-X's) Busang were alleged to be 200 million ounces (6,200 t), or up to 8% of the entire world's gold reserves at that time. However, it was a massive fraud and there was no gold.
A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved some type of false or inappropriate accounting (see list at accounting scandals ).
The following is a list of characters who appear in Succession, an American satirical comedy-drama television series created by Jesse Armstrong centering on a super-rich and dysfunctional family who own a global media conglomerate. Cast timeline Key Main cast (receives star billing) Recurring cast (credited as guest starring in two or more episodes) Guest cast (credited as guest starring in ...
The Brink's-Mat robbery was one of the largest robberies in British history, with £26 million (equivalent to £111 million in 2023 [1]) worth of gold bullion, diamonds, and cash stolen.