1 July 2024
The Six Billion Dollar Gold Scam podcast, hosted by Suzanne Wilton, delves into the infamous Bre-X Minerals scandal of the 1990s. The story revolves around a Canadian mining company’s false claim of discovering a massive gold deposit in Indonesia, which led to soaring share prices and widespread investment. The podcast explores the mysterious disappearance of chief geologist Michael de Guzman, the role of corrupt practices in the remote location, and the devastating consequences for investors when the fraud was exposed. Despite billions in losses, no one was successfully prosecuted for this elaborate deception that captivated the global mining industry.