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He is now worth $40 million and could not be reached for comment at his winter home in Tuscon, Ariz. David Esch, a broker with Levesque Securities, said he knew of many more brokers and clients who have made millions on Bre-X stock, but wouldnt name them. Do not hesitate, because there is gold at that area. Want to Read. Calgary Herald and Edmonton Journal stories documenting the rise and fall of Bre-X. A two-hour autopsy led Umar to conclude death was consistent with a fall from a helicopter. Ive already got three or four, and declined to purchase $5,000 worth of stocks in the Calgary gold-mining company Bre-X Minerals. De Guzman recalled in a recent interview with Far Eastern Economic Review trekking 30 kilometres with all his gear on to the Busang site and spotting the yellowish volcanic rock. Michael has 2 jobs listed on their profile. Students at the gym gave him rave reviews for his training sessions outside the facility Friday night. Menu. This is the second time, de Guzman reportedly told fellow Bre-X metallurgist Rudy Vega. A 21-year-old man was seriously injured after being struck by a drunk driver on Monday, April 25 in Manhattan in New York City. He bought 100,000 shares at around $3, and bought about the same amount of Bresea, the Walshes Montreal Stock Exchange company that owns 23 per cent of Bre-X, and whose stock value has kept the same pace. Michael de Guzman EXPERIENCED TELECOMS/PAGA/CCTV ENGINEER Singapore 319 followers 319 connections Join to view profile Omega Integration Pte Ltd Mapa University Company Website About Strong. Laying blame: Forensic Investigative Associates retained by Bre-X in 1997 to look into the scheme directly blamed geologist Michael de Guzman. Bre-X Geologist Mike de Guzman Rumoured to be Alive. We would say many thanks if there is (someone) from Canada to invest again.. Two decades after stock-market darling was declared a colossal hoax, the mining firms amazing tale is finally getting the celluloid treatment though loosely based on true events in a new film called Gold, starring Matthew McConaughey. Last month, it seemed, he briefly stepped out from the shadows. We apologize, but this video has failed to load. Gen. Jose Almonte, director of the Economic Intelligence and Investigation Bureau, testified on their scheme before a House of Representatives committee. What follows is a series of timelines, photos and newspaper articles that tell the story that inspired the movieGold, starringMatthew McConaughey. Versatile & detail-oriented Microsoft Certified Software Developer with 9+ years of experience in Application, Web & API development, integration, delivery & support. Others later extrapolated that de Guzmans organs were cut clean off. Drill results from Calgary-based Bre-X's property in Busang, Indonesia, had been faked to indicate a massive GOLD find. We'll likely never know. Ovidio . Once described as a geologists dream, this is the far-flung place where the nightmare began the remote Indonesian jungle location where the Calgary-based company convinced 40,000 investors theyd struck an underground fortune. Hes now a regular contributor of a local photography magazine for the landscape section. All of this added to the allure of what was touted in 1996 by one Canadian analyst to be the gold discovery of the century and an investors political minefield at the same time. The government is corrupt. Though he couldnt recognize the face, Laurence knew it was his oldest brother the moment he saw the hands and feet. The Mounties said there wasn't enough evidence to hope for a conviction. Michael de Guzman. Multiply $5,000 by 75 and you might get an idea of how many times that investor has kicked himself in the rear end since. That, more than anything, is what sustains our fascination with de Guzman: the nagging realization that no one has ever really been brought to justice for Bre-X. His father, Simplicio, earned a good living as a geodetic engineer but there were many mouths to feed. Look at my body, they are using black magic on me, his mother later told investigators. As for the speculation their brother is alive, Laurence de Guzman has heard it before. Its the stuff that dreams are made of, and for every Edmontonian whos kicking himself, there is another whose financial dreams have come true. Last Update. As the investigation proceeded, all roads led back to de Guzman, and questions swirled around his apparent death. Already married to four women in four different places, he took her flowers and proposed, unsuccessfully. Four hours later, de Guzman boarded a chopper bound for Busang for the showdown with Freeport officials. Brackley told The Post,Its obviously a very tragic situation,and Mr. de Guzman is at this time doing everything he can to investigate the matter and come to understand his place in it.. At some point between drilling and testing, someone got into Bre-X's samples and literally sprinkled loose gold into the crushed rock. Hes been in [the] sport a long time. Plus get exclusive members only sales, new product info and more! There was an error, please provide a valid email address. There wasnt anything in my mind indicating anything other than suicide, Kuzma, a retired homicide investigator in Calgary, now says. Beauty, cosmetic & personal care. The real cause and manner of death of Mr. Michael de Guzman could never be ruled as suicide, the report concludes. By 1997, the company said it had found up to 200 million ounces - almost four times the size of the world's biggest known deposit. By 1993, de Guzman was heading up the site for Walshs Bre-X Minerals as the companys exploration manager in Indonesia. Former vice-president John Felderhof once speculated there could be as much as 200 million ounces of gold at Busang. We want to believe he's out there, that we might catch him one day and make him pay for his sins. Maich, S. (2013). Mr. Sean de Guzman, 70, of Cayuga St. Hartwell, GA passed away peacefully Sunday, August 6, 2017 after a lengthy battle with cancer at home with his wife by his side. P Michael de Guzman is on Facebook. I should not have done this. They can easily be picked from the works of other artists. Such rock has no gold, he says through an interpreter. His works are unique and easily recognizable because of the unique style he has adopted in producing them. In a 2005 interview with journalist John McBeth, Genie said six weeks after her husband reportedly jumped to his death, he called her home and spoke to a maid. March 22, 1997 Investors mercilessly pounded shares of Calgarys Bre-X Minerals Ltd. Friday, after an Indonesian newspaper reported the companys Busang gold discovery may not be as large as estimated and may not be worth mining at all. Gold and copper core samples in storage at a Benguet mining company warehouse on the Philippine island of Mindanao. 2023 Calgary Herald, a division of Postmedia Network Inc. All rights reserved. And a decade later, not even Umar is sure the body he examined in Samarinda was de Guzmans. 16.7K followers. There are billions of dollars at stake here and were being hit with one thing after another.. Now, a decade after the gold dust turned to ashes, locals still believe buried treasure lies beneath the jungle and they are eager to prove it. This is the real-life story and scandal of Bre-X. Michael De Guzman is a provider established in Charleston, South Carolina and his medical specialization is Ophthalmology with more than 7 years of experience. It was hastily examined and cremated without confirmation of dental records. The man who drove his staff mercilessly in pursuit of glory and wealth, and to whom deception came as naturally as his easy smile. Makita ang kompletong profile sa LinkedIn at matuklasan Michael ang mga koneksyon at trabaho sa kaparehong mga kompanya. Michael de Guzman. Limited access adds more to the mystery. She told a reporter from Malaysia's The Straits Times that the money arrived from a Citibank branch in Brazil. Its another twist in the ongoing saga. 89 people named Michael Guzman found in Chicago-Gary-Kenosha, Normal and 6 other cities. Water washes the mixture, leaving a small amount of sediment which is then filtered through a handkerchief. One of de Guzman's widows said she received a $25,000 money order from her supposedly dead husband earlier this year. Felderhof, the chief geologist who made $84 million selling Bre-X stock, is the only person ever to face charges. Liked by Michael de Guzman. And just like that, he was gone again. Photos, which are screenshots from a video (still not circulated), show the young actor (allegedly) "jacking off" in front of a web camera. 215 Followers, 434 Following, 113 Posts - See Instagram photos and videos from Michael de guzman (@michael_de_guzman) Industry insiders spanning the oceans have their own conspiracy theories. He bought shares at six cents apiece and sold them for nine cents, at a profit of $60. The autopsy was done not to find out whose body it is, but to justify the way he died, says Umar. . . A company spokesman said de Guzman committed suicide after being diagnosed with hepatitis B. A partnership with U.S. mining giant Freeport-McMoRan was soon inked, and as it drilled the site in early 1997, de Guzman and key Bre-X executives attended a mining conference in Toronto. He said Freeport, which has a 15-per-cent interest in the deposit, as well as control over how it is developed, continues to fulfil its legal obligations by checking out the find before taking it over. De Guzman was part of the team with fellow geologist John Felderhof, now vice-chairman of Bre-X, that discovered the deposit the company says might hold up to 200 million ounces of gold. His government then seizes control of the huge gold deposit. Whats left is worth about $50 when its sold in Samarinda to a dealer. Jojo, vice-president of the countrys largest appliance company, doesnt care whether Michael was guilty or innocent of the Bre-X hoax. Circumstances surrounding de Guzman's plunge only fuelled the rumours. Its shocking, a man who declined to give his name said about the crash. Walshs first business venture was Bresea Resources, a junior exploration company named after sons Brett and Sean. FIA alleges the Bre-X exploration manager instructed Puspos, his right-hand man, and a handful of other trusted conspirators to salt core samples, likely late at night when no one else was around the Samarinda office. The Busang discovery made the Bre-X team rock stars in the mining world. She felt the couple should at least have a nest-egg. Within days, de Guzman was dead. By 1977, he was hired straight out of school by Benguet Corp., a large gold mining firm. 114 following. A message was relayed that Genie should check her bank account. Job strategy: Strathcona president Graham Farquharson believes the hoax began as a job preservation strategy that spiralled out of control. Out of Stock. Outsiders were intrigued by the stunning exploration results, but wanted to conduct their own drilling. My books are about kids who populate the margins of conventional society, who have something big to face in life, who take action on their own behalf, and who are aided by adults who live on the margins themselves. While contemplating death, de Guzman was living it up in Toronto. In this tale, Suharto who has only one name, like Goldfinger orchestrates Bre-Xs collapse by actually staging lousy test results in 1997. But I wrote the words Check It Out., After later tests, he added the word: Checkmate.. And, in all likelihood, no one ever will be. We almost closed the property, de Guzman told Fortune Magazine in 1997, before the scandal erupted. De Guzman was charged withfelonyvehicular assault in the second degreeand two counts of operating a motor vehicle while intoxicatedin Mondays crash, according to the Manhattan District Attorneys Office. Renovated 330sqm* Commercial Office. Office: 847-426-0227. To put this in perspective, American Barrick, the worlds third largest gold producer, has more than 350 million shares outstanding and trades at $42. I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https; School-Plan - School Plan of San Juan Integrated School; ANSC 422 Lecture 2 - Dr. Kleinman; ANSC 422 Lecture 1 - Dr. Kleinman; SEC-502-RS-Dispositions Self-Assessment Survey T3 (1) Techniques DE Separation ET Analyse EN Biochimi 1; C799 Task 2 - Task 2 . Its population of nearly three million is diverse, including indigenous Dayaks who are split into ethnic sub-groups with their own customs and dialects. This is still a small company and a tragedy like this hits you right in the stomach, said Walsh, who was also at the conference. ROTTERDAM - referee Joey Kooij, Michael Concalves Pinto of Sparta Rotterdam, Jonathan de Guzman of Sparta Rotterdam during the Dutch Eredivisie match between Sparta Rotterdam and FC Utrecht at Sparta. He was 31 years old. MICHAEL DE GUZMAN, managing member; Michael de Guzman, agent; Registry Page https://mycpa.cpa.state.tx.us/coa/ Felderhof could face a fine of up to $8 million, and several years in prison, if he is found guilty, but because the charges aren't criminal, he can't be extradited from his Cayman Islands home. Apr 7, 2014 2:00 PM EDT. Travel on the Trans-Canada Highway at Kicking Horse Pass will be suspended for a month this spring to enable ongoing work to widen the artery near Golden, B.C. Now 44 years old, Onel de Guzman runs a small phone repair booth in a shopping mall in Manilla. Bre-X issued a news release, which said officials at New Orleans-based Freeport confirmed to Bre-X president David Walsh that they are still conducting their due diligence at the Busang site in East Kalimantan, Indonesia, and have not commented on the progress, to the press, in this regard.. Find Michael Guzman's phone number, address, and email on Spokeo, the leading people search directory for contact information and public records. And just like that, he was gone again. By Suzanne Wilton, with files from Tony Seskus and Eva Danayanti. Overland travel takes five hours, and ends at a small village where the second leg starts by boat. Dr. Michael De Guzman, DO is a ophthalmology specialist in West Dundee, IL. Michael de Guzman was charged in the crash. Lightboxes. DWR's Snow Surveys and Water Supply Forecasting Unit Manager Sean de Guzman talks about big gains with California's snowpack on March 3's third snow survey at Phillips Station. The man who drove his staff mercilessly in pursuit of glory and wealth, and to whom deception came as naturally as his easy smile. SOLD FEB 10, 2023. He is survived by many loving individuals, including Zosimo Baroja (Father), Daisy Baroja (Mother), Kristine Baroja . Within 10 years, he was promoted to head up the companys geology department. Following the Bre-X gold deposit fraud of the mid 1990s, the project manager of the land, Michael de Guzman, disappeared. Soldiers of misfortune:Popular with those who didnt trust Suhartos Indonesian military, it purports soldiers kidnapped and tortured de Guzman for information about Busangs gold. One hundred per cent, I am very sure it was Michael, he says simply. The deposit is estimated at 42 million ounces of gold (compared to Hemlos 17 million), Bre-X accounts for half the worth of all companies on the Alberta Stock Exchange and David Walsh is worth $300 million on paper. Freeport can walk away from the deal if the due diligence indicates the project will not produce what was originally estimated, said Kerry Smith, analyst at First Marathon Securities Inc. Analysts said it would be inconceivable that de Guzmans fall from a helicopter into the swampy Indonesian jungle would be due to irregularities in the sampling program at Busang. The tiny nugget that remains is placed under a blowtorch to burn off impurities. Effective on both solo projects & collaboration within teams. The incident prompted speculation on Wall Street and Bay Street over whether de Guzman was pushed, jumped or fell. Almost every night, he headed to a local strip club, For Your Eyes Only, striking up a friendship with an exotic dancer. With a fortune of at least $5 million in illicit Bre-X stock profits, de Guzman could be living in anonymous luxury in some tropical hideaway. Mr. de Guzman has over 20 years of experience in Asia Pacific infrastructure transactions, covering core and non-core infrastructure assets across various subsectors. And life insurance couldnt be collected because the death was ruled suicide. Our abiding interest gives the answer. Thompson considers such high-mindedness so many sour grapes. The practitioner's primary taxonomy code is 207W00000X with license number 83154 (SC). The area, the agent reported, is restricted and travel there is deemed high risk. Villagers say they havent seen foreigners since the nearby Bre-X exploration camp was closed in 1997 amid allegations core samples were sprinkled with outside gold from the river as well as shavings from jewelry. It was trading at around $2 and could well, said the broker, go to $5. It can be done by barge, which takes about a week, or a combination of road and river travel that can be done in a day. So, he devised a plan to get rich | Business Insider India Home stock market BRE-X: Inside The. This photograph was snapped. Universal Pictures: Lanamento 17 de julho de 1987 18 de dezembro de 1987 25 de dezembro de 1987 Idioma ingls: . Today, the Indonesian doctor who did an autopsy on the body says he cant be certain the remains he examined a decade ago belonged to the Bre-X exploration manager. Its another six hours upriver to Mekar Baru, and then a two-hour hike to the former Bre-X headquarters. Its 32 C. With near 100 per cent humidity, a cotton shirt melts to the skin like Saran Wrap. From that point on, its believed drilled core samples pulled from the ground were salted with shavings from jewelry and panned gold, manufacturing a motherlode. ! the notes said. Photos; Reviews & Ratings; Other Michael Deguzman's; Trusted Connections, Since 2002. . Michael de Guzman is a Fine Art Photographer born and raised in Philippines. Yopinus, a former Bre-X employee, used his machete to hack into the site of the former office, now reclaimed by the Borneo jungle. ( 1 ) $6.99. , Michael De Guzman, Michael De, Michael Leslie De Guzman, Mich Deguzman, Michael Leslie Deguzman, Michael D Guzman, Michael L De Guzman, Michael L Deguzman. at CDL, Guzman Insitute of Technology, Principal at Commercial Discount Lending. Resides in Fayetteville, NY. It could be . Even more depressing is the knowledge that it could all happen again. Michael de Guzman is a Portfolio Manager at The New York Family Office based in New York, New York. The man behind the world's first major computer virus outbreak has admitted his guilt, 20 years after his software infected millions of machines worldwide. He was also suffering from chronic malaria. Me and Mr. Zane Grey. He was arraigned and granted supervised release at the request of prosecutors. Associates described him as a gregarious companion who liked to party hard and sing karaoke. May 29, 2007: Bre-X Minerals once brought hope of a prosperous future to the Dayak people of Busang. We do not know the exact reason why he is, but my family has accepted his demise., It is final for us, adds younger brother Laurence, who slept beside Michaels casket the night before the funeral at a local cemetery. 310-***-**** View . Vega, among the last to see de Guzman alive, had no doubt it was his boss. My brain was dead at the time because I had done a difficult five-kilometre traverse, he said. When Miles Freely falls out of a tree, his life begins to take unexpected turns, in small and not so small ways. The deal was never completed but, amid government threats it would seize all of Busang, Bre-X struck a production deal with New Orleans-based Freeport McMoRan Copper and Gold Inc. Three have graduated college and three more are still in school. The larger it got, the more difficult the exit plan became, he says. Visit our Community Guidelines for more information and details on how to adjust your email settings. 650 Springhill Ring Road. 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 [], East Kalimantan, Indonesia.Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price . By the late 1980s, the worlds economy slumped. When they were done, they dumped the body in the jungle. Ft. 1231 W Arthington St, Chicago, IL 60607. Instead, Maliangga and a half-dozen other Indonesians are more interested in the recipe to make a fortune. Hes been a great instructor. He made a stop in Singapore for a medical checkup to monitor his ongoing struggle with malaria and hepatitis. My brother is dead, declares Jojo. Its possible it is the result of an animal bite, but its difficult to identify because the condition is very (decayed).. Partner content is not updated. An Instagram account appearing to belong to the driver shows he is a Muay Thai trainer who is part-owner of a gym in Long Island City, Queens. In 1998, he died after suffering a brain aneurysm. After faxing the memo to Felderhof, he and Vega went out boozing at a nearby karaoke bar, where de Guzman belted out one of his favourite tunes, Frank Sinatra's My Way, before heading back to the hotel. It makes no sense a man would go through this elaborate scam and only have an exit strategy that involved jumping out of a helicopter.. For the rest of his life, he walked with an awkward limp. Maiko de Guzman. The companys stock price tumbled after Walsh announced that Bre-X would receive no compensation when its share of Busang was cut to 45 per cent from 90 per cent as Freeport took 15 per cent and various Indonesian entities took 40 per cent. To fully understand why, it helps to understand the man himself. He is alive and well, living the high life somewhere in our minds at least, if not in reality. His body was then tossed from the helicopter to make it look like a suicide. This is just the latest in a series of events in the rags to riches story of Bre-X. Bre-Xs share price slumped $2.25 on the Toronto Stock Exchange to close at $15.20 after a report in a Jakarta newspaper said Freeport McMoRan Copper & Gold Inc. has doubts the Busang find holds 70.9 million ounces of gold, valued at about $25 billion US. The Bre-X crew in Borneo, circa 1997, from left: site manager Jerome Alto, senior vice-president John Felderhof, exploration manager Michael de Guzman and geologist Cesar Puspos. He has also won awards including IPA Lucie Award and PX3 Prix De La Photographie Paris. 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