Biggest Gold Mining Fraud In History

In this video we go over the Bre-X gold mining scam. Bre-X was a Canadian gold mining company that faked deposits in its mines. They claimed they found one of the biggest gold mines in the world but in reality there was no gold there. Before the scam was uncovered, Bre-X stock increased 100 fold and the founders cashed out to the tunes of hundreds of millions of dollars by selling their shares at elevated prices. In the end, the whole thing came crumbling down and investors lost everything.

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Видео Biggest Gold Mining Fraud In History канала Wall Street Millennial