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Bre-X was a group of companies in Canada. 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 [id], East Kalimantan, Indonesia. Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of ...
Trends in five of the top seven gold-producing countries. This is a list of countries by gold production in 2022. [1] Until 2006, South Africa was the world's largest gold producer. In 2007, increasing production from other countries and declining production from South Africa meant that China became the largest producer, although no country has ...
International Gold Bullion Exchange was one of two major frauds involving sale of gold bullion in 1983, with Bullion Reserve of North America in Los Angeles also being shut down later that year, with losses to customers of $60 million. [6] These frauds came at a time when gold prices had soared and gold as an investment was popular.
And since the bull market in stocks began in October 2022, gold has outpaced equity gains, returning 67% compared to the S&P 500's return of about 63%, according to data from YCharts. Those ...
The union has Melissa King oversee union benefits for retirement, but she instead scams $42 million from the workers fund. In case 2, Montana ladies-man Carl Estep cons money to fund his gold scam, saying he has hundreds of barrels of 'gold concentrate' that he needs cash to refine. The drums have only dirt in them.
Goldman Sachs Tower at 30 Hudson Street in Jersey City.. Goldman Sachs, an investment bank, has been the subject of controversies.The company has been criticized for lack of ethical standards, [1] [2] working with dictatorial regimes, [3] close relationships with the U.S. federal government via a "revolving door" of former employees, [4] and driving up prices of commodities through futures ...
Gold laundering. Gold laundering is the process whereby illegally obtained gold is melted and recast into another form. The recasting is performed to obscure or conceal the true origin of the gold. The recast gold is then sold, thus laundering it into cash. It may also refer to a money laundering transaction in which the exchanged good is gold.
Perth Mint Swindle. The Perth Mint Swindle is the popular name for the robbery of 49 gold bars weighing 69 kilograms (152 pounds; 2,200 troy ounces) from the Perth Mint in Western Australia on 22 June 1982. The bullion was valued at A$653,000 at that time (equivalent to $2,587,607 in 2022). As of November 2024, the value of 68 kilograms (150 lb ...