The Gold Mine That Never Existed: The Bre-X Busang Fraud

A tiny Calgary penny stock claimed to have found one of the largest gold deposits on Earth in the jungles of Borneo. At its peak Bre-X Minerals was worth roughly six billion Canadian dollars. There was almost no gold. This is the story of how the deposit was faked, how the illusion collapsed in weeks, and why no one was ever convicted.

Chapters:
0:00 The fall
1:05 A Calgary penny stock
1:56 Busang and the dream
3:00 How you salt a gold mine
4:38 The hype machine
6:17 The sharks circle
7:51 Two holes that found nothing
9:35 Why no one paid
11:31 The lesson: verification

This video is for education and entertainment only. It is not financial advice. Allegations are described as allegations and legal outcomes are stated as reported.

Sources include reporting from CBC, The Globe and Mail, Mining.com, The Canadian Encyclopedia, and court records.

Видео The Gold Mine That Never Existed: The Bre-X Busang Fraud канала POSTMORTEMMONEY