The Six Billion Dollar Gold Scam 6. The end of the bonanza
Jun 23, 2024
A gold scam of epic proportions unravels, investors facing massive losses, pension funds at risk. Investigations surrounding De Guzman's death, fraudulent practices in gold sampling, tensions with Canadian ambassador, and the devastating impact of Brix's scam on investors and employees.
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Guzman's Death Investigation
- Lawyer Tom Ajme investigated the incident on behalf of Bre-X shareholders.
- Speculation arose about Guzman's death, with some suspecting suicide and others foul play.
Moffat's Silence
- Freeport President Jim Bob Moffat stayed quiet to protect the company.
- Moffat knew about the core samples being flown to New Orleans for analysis.
Walsh Announces Suicide
- David Walsh claimed De Guzman committed suicide due to hepatitis B diagnosis.
- Walsh cited a suicide note mentioning De Guzman's physical pain and 14 bouts of malaria.