The movie Gold (2016) was based on this with a few changes. It paints Michael de Guzman as less of a fraud and more of someone trying to help a desperate friend, definitely worth a watch
@wildestcowboy2668 Жыл бұрын
I heard he is a Joe Biden loving gun banning clown
@mike.p.140011 ай бұрын
Yea. I seen it. It wasn’t bad. I’m heading to the Philippines shortly. Maybe I’ll run into mike. Lol 😂
@robinabernathy28294 жыл бұрын
This is one of the first episodes where the masterminds were true masterminds because they screwed everyone and got away with it with no punishment
@demonpunisher93374 жыл бұрын
My view too
@george251994 жыл бұрын
@Sheldon Cooper Nothing a little interferon wont take care off
@Renwoxing134 жыл бұрын
@Brian Jones your an Idiot, he is just as dead as the plane jacker db cooper. Of course the authorities will say they are dead, otherwise they look like fucking useless fools! Not everyone gets caught they just want you to think they do!
@SaQusKate2 жыл бұрын
@starlord neveragain True and David Walsh died from an aneurysm. I went to his funeral by the time they released his body he was green/grey at his open casket funeral. My family lost a ton of money in this scam.
@ElRosco1872 жыл бұрын
@starlord neveragain That wasn’t him, they even said dude faked his death.
@christopherlondon73824 жыл бұрын
He's somewhere in Amsterdam smoking weed wit D.B. Cooper...
@iain10194 жыл бұрын
Christopher London d.b copper lives in my village shush dont tell the feds
@BrettonFerguson4 жыл бұрын
"How did he do it?" People will believe anything if they want to believe it.
@3m5r564 жыл бұрын
Gold fever!!
@tavoiaiono78854 жыл бұрын
Easier to fool people than to convince them they have been fooled.
@wifferstess28243 жыл бұрын
@@tavoiaiono7885 PT Barnum proved that people want to be fooled.
@rscott22473 жыл бұрын
To hear that some people committed suicide, from losing so much of their money is dumbfounded, but sadly true.
@gonstotwriter4 жыл бұрын
My former neighbor in Vancouver, a lawyer, lost $3 million in the Bre-X scandal and shot himself in the head one evening because of it.
@wifferstess28243 жыл бұрын
Was he one of those who mortgaged his home to invest?
@gonstotwriter3 жыл бұрын
@@wifferstess2824 I believe he mortgaged everything he had and advised his friends to do likewise.
@danrook57573 жыл бұрын
This was back in the 90s, a lot of people got screwed in Canadian investment
@SMOBY444 жыл бұрын
The man paid off that pilot to drop him off.
@SMOBY444 жыл бұрын
@campbellscollision I think he dropped him off a long way away from where he said he jumped.
@wagonstation37094 жыл бұрын
SMOBY44 Exactly. He wouldn't go through all this just to jump out along the way & risk breaking his neck.
@frozenangel72394 жыл бұрын
and considering the corrupt form of government and authorities the Indonesian have. . surely he paid that pilot and faked his death ... I wonder why didn't they conduct any autopsy and DNA tests ...? hahaha corruption at it's stake..
@wagonstation37094 жыл бұрын
SMOBY44 Yes, he'd get a "headstart" if he were dropped off, miles away. He's a legend---but not as well known as the D.B. Cooper.
@dustinmiser3774 жыл бұрын
I think they was mad as hell an killed him an said he jumped out the heli
@annwilliams64384 жыл бұрын
Don’t, just DO NOT put all of your savings into one stock - no matter how brilliant it seems.
@hypnoticwun4 жыл бұрын
I lived in Calgary at the time of Bre-X. Wish I would have invested at pennies, then cashed out when it reached $100 a share.
@paulm20412 жыл бұрын
hindsight is 20/20
@mogazamoha79064 жыл бұрын
He is probably enjoying his loot rightnow
@elsinorebrewing38414 жыл бұрын
Total crock of shit considering DeGuzman supposedly "jumped" from a helicopter over the Borneo jungle to his death.If he jumped he "jumped" with a parachute and couple of hockey bags of US currency as well as a passport and a new identity.Walsh and Felderhof both made a fortune on selling their stock in Bre-X.Walsh died 6 months later of a heart attack in a Carribean and Felderhof moved from Canada to the Phillipines and lived out the rest of his life in luxury with all of his money secure and safe from lawsuits etc and where he could also not face any criminal prosecution. Bre-X was not a one person scam it was a big scam involving all three of them.When Deguzman went out of that helicopter he either went out with a parachute and a shitload of cash and a new identity or he was THROWN out because he was going to crack and spill the beans.
@christopherrobin15053 жыл бұрын
My dad's first stock market venture was this and he lost 50 grand Canadian. Thank his brother for convincing him to invest
@wagonstation37094 жыл бұрын
This is only the 4th Mastermind I've watched, but this seems like the easiest scam of all them!
@samjhonson65434 жыл бұрын
Lot fishes sees the hook never the bait
@roccoVAL4 жыл бұрын
@campbellscollision crazy Eddie scam was epic
@2024s_truth-speaker4 жыл бұрын
let's do it ourselves! just do it enough to get str8 and quit instead of keep going lol
@wagonstation37094 жыл бұрын
campbellscollision I remember seeing those commercials and thought that stuff is stolen....and/or he's high on something. I never would have walked in. I wonder how long it was open.
@wagonstation37094 жыл бұрын
@Sheldon Cooper I can't understand how anybody could overlook such a crazy personality....would you buy a used car from him? No?? Than why buy anything else? He was obviously high or crazy. Or a bit of both? No sympathy (from me) to any victims of any level..
@Spidey-tb3tu3 жыл бұрын
Never heard of BRE-X. Toronto Wall Street is one of the largest legalized gambling joints.
@geoffwickens38712 жыл бұрын
Toronto Wall Street?? How about Yonge Street in Toronto .... keep your country there and stop trying to Americanize Canada!!
@syrzelhenderson4424 жыл бұрын
Question is how did he do it?? Love that lol!!
@bohemianabyss64194 жыл бұрын
Lot many times I thought of writing the same wondering am I the only one who finds it interesting when he says that! 😁 And now finally i find your comment!👍
@rogerscottcathey4 жыл бұрын
What kind auditor doesnt insist having an intact core, split or not? No whole core, suspiciously water borne gold in supposedly volcanic soils or fumeroles, and he goes, "Hunh? Well . . . Ok."
@danielweston9188 Жыл бұрын
The lack of half cores should have been the end of it. Not to mention the wrong type of gold - -
@BrettonFerguson4 жыл бұрын
Sprinkling the ground with gold (Salting) is the oldest trick in the fake mine for sale book. How were they fooled. They should dig several holes and see if there is any gold in undisturbed soil. If you are going to invest hundreds of millions, at least go there yourself or send someone trustworthy, and dig several holes at least 5 feet deep yourself.
@Renwoxing134 жыл бұрын
You would need an expert on ground disturbance signs as well. Being the oldest trick in the book would mean that salting 5 ft deep in multiple locations is a very real possibility!
@danielweston9188 Жыл бұрын
Only greedy people fall for salted ground..... so easy to avoid......
@wildestcowboy2668 Жыл бұрын
@@danielweston9188 I'm glad you told those clowns off. Bunch of idiots!
@joeyboland34064 жыл бұрын
Pretty unfortunate scam to fall victim to, but anybody who invested their entire life savings (or even a significant portion of it) in to one single overseas mining company (no matter how hot the stock is), is an idiot, and should not be investing in the first place.
@stee83454 жыл бұрын
@campbellscollision yeah, only something you worked for every waking moment of your life. No big whoop.
@amandamcmoney6934 жыл бұрын
@campbellscollision Rite💯
@3m5r564 жыл бұрын
W.C.Fields Never give a sucker an even break
@freddean96013 жыл бұрын
@@stee8345 Shouldn't invest if you can't take it
@wifferstess28243 жыл бұрын
If you think that's crazy, people were even mortgaging their houses to invest in Bre-X. The saying that "you can't fix stupid" is sadly true.
@muthuicyrus4 жыл бұрын
Now this is a mastermind
@tdct46494 жыл бұрын
this kind of stuff still happens every day with penny stocks.
@marcusmaynard1526 Жыл бұрын
Yup, aurcana silver is the most recent one. I lost 40% and would’ve lost more if I didn’t pull the plug
@80sOutrunFan4 жыл бұрын
I remember this story, they got played like little violins lol.
@unknowndriver66523 жыл бұрын
Lol
@kingg_roast2593 жыл бұрын
😂😂 🎻🎻🎻🎻
@jaimesantiago14753 жыл бұрын
And what happened to all his money??🤔
@80sOutrunFan3 жыл бұрын
@@jaimesantiago1475 A few unconfirmed stories but I do know somebody has some extra cash to spend :)
@angelangel39514 жыл бұрын
I'm 100% sure that he's alive 😉👍
@robertbolivarr83634 жыл бұрын
No DNA? De Guzman still alive 101 percent. Great Escape.
@amyjojinkerson67453 жыл бұрын
when it comes to gold everyone wants a piece of it
@HikikomoriDev4 жыл бұрын
15:05 man.. those "special" effects... RIP CRT.
@JazzDrummer19462 жыл бұрын
I worked as an Investment banker on Wall St during this period. I never understood gold or precious minerals very well, so I couldn't/didn't recommend Bre-X. But, I know some guys who did. Very unfortunate for their clients.
@samjhonson65434 жыл бұрын
Few ounces gold to 6 billions 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂🤣😂😂
@kaylonrome Жыл бұрын
Actually it was his wedding band and about $60k to a local miner lol! He turned a little over$60k to 6billion company in which he cashed out 100million! Of course he faked his own death! He probably paid a local Mortuary a thousand dollars for a dead body and threw it out the Helicopter! The man is true a mastermind!
@joefagasta21174 жыл бұрын
The Bre-X scandal or Busang goldmine scandal took place in my country, becoming national issue.
@rooneye4 жыл бұрын
What a genius!
@user-ej4li1lt3d4 жыл бұрын
Masterminds is a great show sucks they cancelled it seeings there is plenty of criminal crews out there for them to document
@MM-zt4oe4 жыл бұрын
Dick Head wouldn’t feel the same. This has 90s / 2000s nostalgia
@MondoBeno3 жыл бұрын
Sounds like Elizabeth Holmes. A no-name nothing says "I'm going to invent a way to turn base metal into gold, (or turn coal into diamonds, build an 8x10 solar panel that can power an entire city, invent a car that runs on peanut butter, cure male baldness with applesauce, etc) and you're all welcome to invest money in it." Then she becomes a media darling, everyone's convinced she's a genius, and all the while there's no equipment in the laboratory.
@giuseppenero1104 жыл бұрын
Allowing a company to drill and crush their own core samples without independent supervision should be an obvious red flag. No pity for the investors here.
@sludge41254 жыл бұрын
Absolutely!!
@hyperghoul2 жыл бұрын
Remember... This is 1990s, no one knows about that
@paulm20412 жыл бұрын
I wouldn't say "no one knows about it" but I see what you are trying to say.
@HardTrancid3 жыл бұрын
I remember being a kid in the 90's and some of my friends parents invested into Bre-X Lost everything. I didn't really get the scope back then, being a teenager.
@rolex9073 жыл бұрын
My dawg got no jail time. Fuckin legend
@bokkiho92424 жыл бұрын
Me too , I believe he's alive , the chopper incident sounds too well planned .
@VincentOtienoShow4 жыл бұрын
A true mastermind...stole billions and was never caught
@eyemmeohigho4 жыл бұрын
The president
@kireki014 жыл бұрын
Mchaka
@kaylonrome Жыл бұрын
FREAKING AWESOME!
@renasworldofgaming Жыл бұрын
As an accountant what he did was amazing. As a Filipino he makes my home country proud. He just told people he had a gold mine and they believed it.
@kevinhealey65404 жыл бұрын
10:12 What I find highly suspicious is why didn't the auditor himself drill for samples and check these samples out.
@kevinhealey65404 жыл бұрын
@Sheldon Cooper It's obvious. I also believe he faked his death and paid everybody off to go along with it. He probably never even got on the Helicopter.
@t.o.o.smooth58703 жыл бұрын
I loved the show Masterminds!
@debi9094 жыл бұрын
Plot twist ... Pilot robbed and got rid of him =O The real mastermind
@johnnyparker99284 жыл бұрын
A fool and his money are soon parted.
@saintr33944 жыл бұрын
Back around 2004 i met a business man that told me he lost 5 million dollars on "that bre x shit"
@SilverWalker84 Жыл бұрын
He didn't even get close to how much wall street has stolen by manipulating the prescious metals market. JP Morgan recently got fined 1 billion for silver spoofing. They aren't even playing with their own money so they don't care about fines but that's a whole different rabbit hole.....This guy just didn't work on the right side of the street. Also if you want to invest in metal just buy physical.
@abefinklestein7114 жыл бұрын
He paid that pilot off! How you gonna turn around in all of,a sudden your passenger is gone? Like you can just open a helicopter door without the pilot knowing! 😂😂😂
@tommybear10974 жыл бұрын
They said it was an air force pilot which means he was probably in an old UH-60 style bird that the doors were either off of or just left open, I doubt they would have picked him up in a new private helicopter with tons of amenities.
@abefinklestein7114 жыл бұрын
@@tommybear1097 good stuff, logical info!
@joseastudillo61653 жыл бұрын
Geologist Michael De Guzman is alive that I have for sure. The idea of dissolving the gold in the sample bags is amazing.
@charlesvan135 ай бұрын
Similar to the Theranos fraud. Though that company wasn't publicly traded, it was worth 6 billion from independent investors. Then collapsed when the owners couldn't escape the fact that their promised medical technology is impossible.
@mikelong27564 жыл бұрын
Now this is how you hock your wedding ring😂
@bxbank4 жыл бұрын
He's alive.
@juiceymoojuice4 жыл бұрын
I don't think it started out as a scam, he really did hope to strike gold. But when he found none he lied & scam more money to continue drilling to keep investors happy. When too far & he bolted....
@SaQusKate2 жыл бұрын
true
@rubenlira37524 жыл бұрын
Man I really miss this shows
@jtmunn44964 жыл бұрын
I hope he got away
@DC-ks6fd4 жыл бұрын
Yeah
@LookmyBack3544 жыл бұрын
The filipino saying "there two people who live in this world the fool and scammer"..
@waverly24683 жыл бұрын
I think they made a movie inspired by this caper-- "Gold" (2016) with Matthew McConaughey.
@thechetjr2 жыл бұрын
Invest only won't keep you awake staring at the ceiling all night.
@radamanthisantares27024 жыл бұрын
Very good magician 🤔 now you see me!🤓Now you don’t see me!😎✌️
@michalgajdos75753 жыл бұрын
He scammed greedy speculators aka Wall street.what a Legend.
@doctorkhumalo77304 жыл бұрын
He ain't dead 😂😂😂
@DAMAN144 жыл бұрын
A JOB WELL DONE...I D O L
@alanalilley30373 жыл бұрын
Smart man
@RARVlog4 жыл бұрын
Dahil sa kaalaman. Napunta ako dito😂
@TharayfosterАй бұрын
6 billion dollars, that kind of scam can not be orchestrated by one person.
@benderbendingrofriguez3300 Жыл бұрын
crazy. In Calgary you can still find the building.
@coolmoncur4 жыл бұрын
Did people not ask to see actual gold coming out of the ground and not just samples?
@treborironwolfe9784 жыл бұрын
Pyrite's got nothin' on this guy.. But I can't help wonder how his wife felt about the shaving of his wedding ring...
@glendooer62114 жыл бұрын
The old man to win by marrying.
@rjs1jd4 жыл бұрын
Well by doing that he was able to buy as many 💍 rings as they wanted!
@treborironwolfe9784 жыл бұрын
@@rjs1jd I have a feeling that the authorities seized most of his purchased rings.. then his wife ran off with the rest.
@TheMadarauchiha1014 жыл бұрын
What a genius
@TheLochs4 жыл бұрын
The overall greed of these people. Too bad for you.
@josebeto26934 жыл бұрын
Did ya know el chapo is a mastermind too
@kimberleywilliams5228Ай бұрын
He's kickn back on Bondi beach Sydney 😂
@billymoore87314 жыл бұрын
He lives in Harlan county Ky. Upp on bat wing hill tryin to turn coal into gold him and James Robert Moffett
@phantomKE4 жыл бұрын
Aah! The Mathew Mcconaghey movie.
@900108Chale4 жыл бұрын
*Finally! One MasterMind that got away!* (or not). BUT he wasn't caught.
@jorgetoloza2694 жыл бұрын
Greeeeeeeeeeeeeeeed!
@TharayfosterАй бұрын
The podcast series is currently being broadcasted on @BBC that’s where you get all the secrets
@da__lang4 жыл бұрын
Filing his wedding ring was ingenious? It seems quite crude.
@ddd1hhh4 жыл бұрын
狼大 is that an oil joke? 😂😂😂
@jorgeledesma24184 жыл бұрын
Just by The way he looks i wouldn't trust him.
@ZaiidDarkness4 жыл бұрын
This is an actor😂
@BrettonFerguson4 жыл бұрын
Racist!!! But it's better to be called a racist than to loose 1 billion dollars. Rich people are lazy, they hire others to do things for them. They have to trust what these people say. They should go there themselves and dig a hole.
@sludge41254 жыл бұрын
Hey, Wen, why even educate the clown?
@MP-ut1xp3 жыл бұрын
That helicopter pilot was greased with enough cash to settle for life that was where the trace of De guzman vanished.
@ohdee9703 жыл бұрын
When you "play the market", prepare to get played. No DNA? No extradition? No problem. "Void where prohibited, except in Indonesia". I love it! Bet them investors don't feel so savvy anymore...
@paulm20412 жыл бұрын
Who were the experts talking? I don't see any mention of them in the credits
@terrymiller1114 жыл бұрын
Government greed/corruption unraveled it.
@elmodj4 жыл бұрын
I saw that guy in penang
@LENFALCOАй бұрын
The movie was great
@DeniseWill23 жыл бұрын
I wist they would run new cases on ID TV.
@joxepojoxepin27524 жыл бұрын
7:00. Hmm, Filipinos speaking Spanish.
@archangellagi57684 жыл бұрын
@campbellscollision Spanish is not a major language in the Philippines. It’s not the language used when one goes about his daily life in the Philippines. I was born and raised in Manila myself and shared rooms with other students from other provinces in the Philippines; there were very few Chavacanos but Chavacano isn’t Spanish.
@archangellagi57684 жыл бұрын
In the movie Year of Living Dangerously, set in Indonesia, the extras were speaking in Tagalog, the director probably thought viewers won’t know the difference. Also in a Chuck Norris movie MIssing In Action, the Vietnamese were speaking in Tagalog, the director probably also thought the viewers won’t know the difference
@mike.p.14003 ай бұрын
I think Mike is alive. Good luck to him.
@johnnyfannucci4 жыл бұрын
Who doesn’t like a happy ending.
@christisgodd4 жыл бұрын
Why are people still being scammed day by day
@vernwallen42464 жыл бұрын
PT BARNUM=There's a"SUCKER"born every minute.The😈never😴.
@yourstruly1444 жыл бұрын
i live in borneo the place where they found the gold
@IamWhoIam20234 жыл бұрын
He lives in the UAE
@SpaNT650 Жыл бұрын
My father has always said, never invest (bet) money you're not willing to lose 😉
@Dwightstjohn-fo8ki4 жыл бұрын
Eight months before Bre-X "detonated" my employee had his girlfriend working the front desk for Bre-X. Xmas party was a de rigueur "Il Giardino", the preferred, and expensive rest. for Vancouvers' "Howe Street Hookers", the stock exchange that was the main Bre=X vehicle. "rounds" of 200. a shot Chivas came out, all you wanted. when I asked what his girfriend did for Bre=X, BESIDES a lot of cocaine on the job, he said she never finished High School. She's being paid 26. an hour when the average office wage in Van. was 12. Cdn. ????? Well, there's your flag right there.
@O.M.964 жыл бұрын
What????
@creatura_orbis_centuria2 ай бұрын
How about the local community of busang where it is a No Go Zone for foreigners and journalists? Are they protecting De Guzman with the money he had aquired. The money trail and where is it right now?
@ac-ib9le4 жыл бұрын
I saw gold in a creek once when I was kid thought I was rich!!
@2008dio4 жыл бұрын
the master of all master swindler.
@filliusawusi61744 жыл бұрын
Take Risk and Not ask Questions.. Greed strikes again.. Be Careful out there folks.. You Never know..
@aaronmiles8214 жыл бұрын
My favourite colour is green. ☘️
@fixinggrace4 жыл бұрын
This is why you never put all your eggs in one basket. Or all your money in one firm
@roccopennisi19432 жыл бұрын
My friend says he knows where Mrs De Guzman now lives.