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Synopsis
The history books will add the Bre-X saga to other legendary frauds like the South Sea Bubble. When the Bre-X bubble burst, the stock that had soared from fifty cents in 1994 to the equivalent of $286 in 1996 was worth nine cents in May 1997, before trading halted forever. And the Busang deposit, supposedly as much as 200 million ounces of gold, worth about $70 billion U.S. – the biggest gold find in history – was actually the century’s biggest fraud.
How did this happen, right under the noses of the financial world?
In this book the experienced investigative team from The Globe and Mail’s Report on Business that broke the story of Bre-X’s troubles has combined forces to answer that question. With literally hundreds of Bre-X interviews behind them, and drawing on resources from several continents, they have been able to explain the twists and turns of this complex tale. The result is a fascinating true story that reads like the wildest fiction.
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About the Author
Douglas Goold, born in Peterborough, Ontario, gained a Ph.D. in History from Cambridge and taught at the Universities of Alberta, Victoria, and British Columbia. He joined the Edmonton Journal and covered Parliament in Ottawa in the mid-1980s. After spells with the Financial Times, Financial Post, the CBC, and the Report on Business Magazine, he moved to The Globe and Mail in 1991, where he is now a columnist and the Investment Editor. He is the author of How To Get What You Want From Your Bank and co-author of Peace Without Promise.
Andrew Willis was born and raised in London, where he attended the University of Western Ontario. He worked briefly with a securities dealer, then graduated from King’s College School of Journalism before becoming a journalist. During his ten-year career he has worked for Maclean’s, The Wall Street Journal, and the Financial Post. As a columnist for The Globe and Mail’s Report on Business for the past two years, he covered the Bre-X story in great detail.
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- PublisherMcClelland & Stewart
- Publication date1997
- ISBN 10 0771033346
- ISBN 13 9780771033346
- BindingHardcover
- LanguageEnglish
- Number of pages272
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