General
This Company falsely claimed a massive gold discovery
What is Bre-X Minerals Ltd.
This man founded Bre-x
Who is David Walsh?
Bret's stock rose from pennies to over this amount per share.
What is $200
This was the main technique used to fake the gold discovery
What is "Salting"?
This was the global finical impact of the scandal.
What are massive losses?
What is Indonesia?
This geologist gave credibility to the company's claims.
Who is John Felderhof?
This word describes how investors felt during the rapid growth.
What is excitement?
this material was added to samples to make them appear valuable
What is gold?
This happened legally-despite the fraud,no major ______ occurred.
What are convictions?
This remote jungle site was the location of the supposed gold deposit.
What is Busang?
This on-site geologist handled the samples and was blamed for the fraud
Who is Michael de Guzman?
This term describes fear of missing out.
What is FOMO?
This process involves testing samples in a laboratory
What is lab testing?
This industry changed its rules after the scandal.
What is the mining industry?
This type of scandal involves deception for finical gain
What is fraud?
This role involves studying rock and minerals
What is a geologist?
What is herd mentality?
This is what made the samples appear real despite being fake.
What is real gold being added?
This is now required before trusting company claims.
What is verification?
This decade is when the Bre-X scandal took place.
What are the 1990s?
This person was the public face and promoter of the company
Who is David Walsh?
What are billions of dollars?
This is why the fraud was difficult to detect
What is that tests showed real gold?
This is the main lesson: evidence must come before this.
What is belief?