As the investigation proceeded, all roads led back to de Guzman, and questions swirled around his apparent death. Or was it all just another hoax? Dr. Michael De Guzman, Ophthalmology | Charleston, SC | WebMD Growing Up Rita. Five days later, a body was found deep in the swamps of the jungle, lying face down, covered in leeches and maggots. 'I believe that once we rally together as a community amazing things can happen,' said 13-year-old Kate Bishop. But a decade after the junior Calgary exploration company imploded, the locals still search for gold. Effective on both solo projects & collaboration within teams. DNA tests were never done. Lightboxes. The next year, my phone rang in the middle of the night on March 19, 1997 from one of my most trusted Indonesian contacts, John McBeth, the famous journalist based in Jakarta who wrote for the Far East Economic Review. Office: 847-426-0227. Mike is the one buried in Holy Cross.. De Guzman M Joseph, Joseph Guzman Michael De. Though he could no longer star on the basketball court, de Guzman never lost his love of the spotlight. People shouldnt get greedy.. 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. Cart. David Walshs father and grandfather were both stockbrokers. Michael Enry De Guzman - Senior Software Engineering Consultant - BCS The suicide notes misspelled his Filipina wifes nickname and were rife with grammatical errors, even though de Guzman was fluent in English. But Genie de Guzman never produced any proof of the money transfer and has since gone silent, leaving us to ponder the same old questions all over again. (Michael Caine). P Michael de Guzman | Facebook Here are some of theories investors came up with: De Guzman Lives:In this popular yarn, Bre-X geologist Michael de Guzman known as Big Boss by underlings fakes his own death and takes off to South America with his millions. Indeed, he says Busang was the perfect place to start a tampering scheme of unprecedented proportions. In fact, they had pegged their future on the upstart mining company, which promised to build a secondary school and a cistern for well water. 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. 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. 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. Trouble loomed on Indonesias steamy horizon. Water washes the mixture, leaving a small amount of sediment which is then filtered through a handkerchief. Journalist Jennifer Wells, who had been sent to Borneo and was shown pictures of De Guzman's dead body, believes that his neatly sutured corpse seemed inconsistent with one that had been ravaged by a wild animal. 21 distinct works Similar authors. And just like that, he was gone again. It took off on a wild ride on the stock market that now puts its value at $3.8 billion. The scandal exposed weaknesses in the system that have never been fixed. Today, they just want to bury speculation hes still living. Ki, Michu, de Guzman Where Swansea City's cup-winning heroes are now 10 years on Russell Martin says there's been no talks over his job and is already planning 'huge' summer for Swansea City . With Daniel Lippman. Two years after the Pelsart incident, de Guzman and long-time colleague John Felderhof were prospecting for an Australian firm in a remote area known as Busang on Borneo island. Maich, S. (2013). It is the centre of an unprecedented scam, the ideal location to manufacture a motherlode and sell it to voracious investors on the other side of the world. He explained that financial data and a corporate history were being prepared. Michael de Guzman (Hong Kong) joined KKR in 2019 as a member of the Asia Pacific Infrastructure team. If you don't see it, please check your junk folder. East Kalimantan, the province where Busang is found, is dubbed the national coffer due to its vast reserves of oil and gas, coal, forests and gold. Its a conviction shared by another woman de Guzmans third wife who maintains the body she identified through photographs 10 years ago was her husband. It takes several hours hours to transform a bag of dirt into a bit of bullion, a process that will be repeated many times. The Bre-X hoax was revealed just days later, and it quickly became clear that some of the world's most sophisticated analysts and executives had been sucked in by a deception so simple, a child could have conceived it. Speculators like Lomban are running makeshift mining operations smack in the middle of this patch of rainforest. Dr. Michael de Guzman, DO | West Dundee, IL | Ophthalmologist | US News This is Busang 10 years after a $3-billion hoax called Bre-X Minerals unfolded. Michael Guzman Photos and Premium High Res Pictures - Getty Images Almost every night, he headed to a local strip club, For Your Eyes Only, striking up a friendship with an exotic dancer. construction, Junior Achievement builds brighter futures for southern Alberta youth, Varcoe: Energy powering Calgary to lead country in economic growth in '22, but oilpatch job gains elusive, Chorney-Booth: Tomahawk Kitchen and Bar gives the south end of the city a taste of local luxury, tap here to see other videos from our team, National Bureau of Investigation in the Philippines, ealous lawyer deemed uncivil in Bre-X fraud defence, Appeal Court rules, The gold mine that wasnt: Investors poured millions into B.C. Thompson considers such high-mindedness so many sour grapes. Bre-X geologist Michael de Guzman (back to camera) boards an Indonesian Air Transport Alouette III helicopter in March 1997. Menu. When I was growing up I saw injustice . The drilling hole was filled in. The larger it got, the more difficult the exit plan became, he says. On March 18, he checked in to a hotel in Balikpapan with Bre-X metallurgist Rudy Vega, and wrote a memo to Felderhof, detailing an upcoming meeting with Indonesia's Ministry of Mines. As for the speculation their brother is alive, Laurence de Guzman has heard it before. Indonesian miners pour mercury into a drumto separate the gold at a rudimentary mine in 2007 near the old Bre-X site. Michael De Guzman - Fire Captain - City of San Diego | ZoomInfo Perhaps that's why it took so long to discover. Michael's obituary. 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For a man who could afford a thousand Auroras if only hed cash in, Thompson seems particularly tickled about this impending win but then in this business, the chase always seems so much sweeter than the spoils. 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. At the same time as hes playing Bre-X, hes also leading the race in the Oldsmobile Challenge, a national stockbrokers competition to see who can make the most out of a hypothetical $500,000 in the six months between Aug. 28, 1995 and March 1. Its unlikely the former Bre-X employee would recognize the place today. Two have shut in recent years. Going down to the wire Thursday afternoon, Thompsons half mil had grown to $2.82 million, $600,000 ahead of the nearest competitor, largely because of a heavy hypothetical investment in Bre-X. Michael de Guzman - Senior Project Manager - Deloitte PDS Group | LinkedIn 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. The stock, which surged from pennies to more than $280 a share, plunged. About. Michael De Guzman convinced experienced investors, expert auditors and even Bre-X management that a dry mine was worth over $6 billion. But the humiliation of Bre-X goes deeper than that. (Back then, Bre-X was projecting six to eight million ounces.). With his body wracked by hepatitis B and his conscience tortured by his many lies, he could take it no more. Sean was born December 8, 1946 in Long Island , NY to Paul Vincent de Guzman and Catherine Noone de Guzman. Many people believe de Guzman is alive and living off his Bre-X fortune. A coming together of the world we live in and the world inside my head. The 23-page study intimates de Guzman was a scapegoat in an intricate scam, serving as the fall guy for others. 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. 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 . Its hardly effortless. 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. West Dundee, IL 60118-1278. The autopsy was done not to find out whose body it is, but to justify the way he died, says Umar. The RCMP abandoned its criminal investigation in 1999, after spending almost two years reviewing more than 600,000 documents related to the case. Michael de Guzman - Managing Director - KKR | LinkedIn What no one knew was that half a world away, geologists with Bre-X's partner, Freeport-McMoRan Copper & Gold, had discovered the secret of Busang. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Or was he the scapegoat, murdered so that the living could blame it all on the dead guy? Naturally, any suggestion de Guzman might be alive stirs up intense interest among those who watched the Bre-X disaster unfold. Bailen, known as the Sherlock Holmes of the Philippines, led a team of three investigators who probed the case for the family. Mike said it was just after dawn where he was and that he had just woken up, she said. Michael De Guzman is a Fire Captain at City of San Diego based in San Diego, California. . His body was then tossed from the helicopter to make it look like a suicide. Diapositive De Presse Slide Luiz Guzman Sam Rockwell "Welcome to 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. Facebook gives people the power to share and makes the world more open and connected.