Bre-X: The $6 Billion Fraud That Fooled Everyone

In March 1997, a Canadian mining company was worth six billion dollars on the promise of the richest gold deposit ever discovered. There was just one problem — the gold was never there. This is the story of Bre-X Minerals: how a broke penny-stock company, one geologist's faked core samples, and a nation's gold-rush fever built a $6 billion fraud — and how it all came apart in a matter of weeks. 0:00 The Flight 0:29 A Broke Company in Calgary 1:33 The Discovery at Busang 2:02 The Gold Rush 3:20 How the Fraud Worked 4:48 The Collapse 7:10 What's Left This channel breaks down the biggest financial frauds in history — not just what happened, but exactly how the money disappeared. New case every week. Subscribe for the next one: Enron. This video uses AI-assisted narration and visuals in accordance with YouTube's synthetic media disclosure policy. #Bre-X #FinancialFraud #TrueCrime #GoldRush #CorporateFraud #History #Documentary #StockMarketCrash #WhiteCollarCrime #TheLedger