1. Bre-X Fraud
... claimed opportunities in a location in Indonesia to Montague Gold. Federhof told Walsh that he had discovered a large gold deposit in Indonesia and persuaded Walsh in investing in some property. Michael de Guzman was then hired and convinced to buy the site from Montague Gold. Afterwards, Walsh paid the initial payment of $80,100 (US) to Montague Gold for the purchase of ... was sent to Federhof for further inquiries. Federhof explained that the samples retrieved were the wrong deposits. More questions were to be asked, as a result, Federhof sent de Guzman to discuss with Freeport. Duri...
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