The Six Billion Dollar Gold Scam 7. Blame
Jun 30, 2024
Explore the aftermath of the Brix scandal and legal challenges faced by executives. Uncover the intricacies of the gold scam and adulting tips. Delve into the impacts of the Brix scam trial and suspicious investigations. Learn about the rise of the gold scam in the Philippines and the aftermath of key figures' deaths.
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The Walshes' Fate
- David and Jeanette Walsh moved to the Bahamas after the Brix scandal.
- Shortly after, they were victims of a home invasion and David later died of a stroke.
Felderhoff's Innocence
- John Felderhoff, Brix's chief geologist, became the focus of investor scrutiny.
- He maintained his innocence, passing a polygraph test and ultimately being found not guilty in court.
Groia's Demonstration
- Joe Groia, Felderhoff's lawyer, used a prop to demonstrate how little gold is needed to inflate valuations.
- He used a box representing a ton of rock and sprinkled sugar grains, representing gold, to illustrate the point.