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The biggest complaint Calgarians tend to have about local restaurants is the lack of interesting independent spots outside of the inner city or restaurant-rich neighbourhoods like Falconridge or International Avenue. 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. Michael de Guzman also uses piezography for his prints. By the late 1980s, the worlds economy slumped. 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. In fact, no one has flown in by helicopter since the same year Bre-X exploration manager Michael de Guzman fell out of one in 1997. With Daniel Lippman. JUST LISTED | For Lease 168 Chalmers Street, Surry Hills. Indonesian police ruled it a suicide. 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. Over the years, he married three other women around Asia, and managed to keep them all secret from each other. He experiences failure and success, surprise and heartbreak. This is just the latest in a series of events in the rags to riches story of Bre-X. 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. March 20, 1997 Calgarys Bre-X Minerals Ltd. saga took a twist Tuesday when the geologist who discovered the worlds largest gold deposit fell from a helicopter over the Indonesian jungle. Even in the relative infancy years of the Internet, tales of what might have happened to the gold, the fortune and the key players spread like mad. Not that Thompson is ready to cash in his Bre-X stocks not just yet. Micheal de Guzman is American Author and Screenwriter. His images have been in numerous local and international publications both print and online. March 3, 1996 The story is told of the Edmonton investor whose stockbroker recommended last year that he consider adding this promising little junior to his portfolio. Associates described him as a gregarious companion who liked to party hard and sing karaoke. 114 following. 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. Chubby little Mike de Guzman, the womanizing polygamist. Drilling operator Ian, 34, remembers a yellow rock being pulled from the ground in 1995. I should not have done this. By 1977, he was hired straight out of school by Benguet Corp., a large gold mining firm. Leasing on behalf of our client The Presbyterian. The case was bogged down for years in procedural wrangling and only recently re-started. Thousands of people, most of them Canadians and Americans, lost a fortune when the truth about Busang was revealed. Students at the gym gave him rave reviews for his training sessions outside the facility Friday night. Perhaps that's why it took so long to discover. The group suggests evidence shows de Guzman was strangled garrote-style while restrained in a chair. 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. By Calgary Herald and Herald wire services. De Guzman pleaded with Felderhof for more time and soon, Busangs drilling results turned up stunning levels of gold. Jian Zhang was one of the last investors to cash in on Bre-X. It could be . The practitioner's primary taxonomy code is 207W00000X with license number 83154 (SC). He appeared in good spirits, colleagues told forensic investigators. But his career demanded constant travel to distant mining outposts, giving him plenty of opportunity to indulge his affection for the opposite sex. And just like that, he was gone again. Thats why he likes to associate himself with other professional photographer and also visits exhibitions and art shows. He left behind a few hastily scrawled suicide notes, a Rolex watch and a slew of unanswered questions. Get premium, high resolution news photos at Getty Images 3 Beds. The material was bagged and hauled down the mountain, along a slippery footpath about 500 metres from the former Bre-X camp headquarters. P Michael de Guzman is on Facebook. 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. 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. San Francisco Giants top prospect Kyle Harrison made his spring debut Wednesday and allowed three hits, a walk and two runs in his one inning of work in the Giants' 8-5 loss to Arizona. Indeed, the process of extracting invisible bits of gold is back-breaking. He attended St. David's school in NY,. Save up to 30% when you upgrade to an image pack. He mentioned that his doctors recommended seeing a specialist for his liver, and finished by saying that he'd be back in Jakarta at the end of the month and would update him later. It was trading at around $2 and could well, said the broker, go to $5. De Guzman continued on toward Busang, but he never arrived. Bre-X geologist Michael de Guzman (back to camera) boards an Indonesian Air Transport Alouette III helicopter in March 1997. Follow. Michael de Guzman is "sort of" Dead. It has been hard for all of them, says Jojo. Hes now a regular contributor of a local photography magazine for the landscape section. At 6 a.m. the next day, de Guzman called on his co-workers to get him a new set of clothes, because his were wet. So, he devised a plan to get rich | Business Insider India Home stock market BRE-X: Inside The. Indeed, second wife Genie de Guzman claims she has twice received money from Michael since he vanished. In 1999, the Ontario Securities Commission charged him with eight counts of insider trading and making false statements. The RCMP abandoned its criminal investigation in 1999, after spending almost two years reviewing more than 600,000 documents related to the case. 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. Its possible it is the result of an animal bite, but its difficult to identify because the condition is very (decayed).. Visit our Community Guidelines for more information and details on how to adjust your email settings. David Walsh, in his basement office in 1996, the engineer of the Canadian gold mining stock of the century.. Proficiency in building sales by effectively recruiting, training, and developing staff. Michael De Guzman's Phone Number and Email. But the humiliation of Bre-X goes deeper than that. I dont think there is anyone in this town who believes hes dead, says McBeth, still a reporter in Jakarta. Trading in Bre-X shares was halted Friday morning at Bre-Xs request when its shares went into freefall. He had, he said, owned some Bre-X at one point, but had sold for a small profit, being personally uncomfortable with stocks whose value rises so rapidly. Already married to four women in four different places, he took her flowers and proposed, unsuccessfully. I believe he is dead.. Canada has long carried a reputation as a haven for swindlers and stock promoters. The incident prompted speculation on Wall Street and Bay Street over whether de Guzman was pushed, jumped or fell. 201 posts. He withdrew to the Bahamas when his company began to unravel, and denied any part in the fraud. Anyone hoping for answers from the suicide notes was disappointed. Cart. Facebook gives people the power to share and makes the world more open and connected. As the investigation proceeded, all roads led back to de Guzman, and questions swirled around his apparent death. They say Walsh didnt actually die of a brain aneurysm in 1998. Michael de Guzman. They wanted answers. The money had been sent on Valentines Day de Guzmans birthday. Bailen, known as the Sherlock Holmes of the Philippines, led a team of three investigators who probed the case for the family. (Michael Caine). However, looking back, there were signs something was wrong early on. One would have to be Sherlock Holmes to figure this one out, said John Ing, president of Maison Placements Canada Inc. in Toronto. Eight years after the Bre-X Minerals fraud was uncovered, the fate of its central figure still haunts us. A two-hour autopsy led Umar to conclude death was consistent with a fall from a helicopter. Enterprise. He was also suffering from chronic malaria. Apr 7, 2014 2:00 PM EDT. Most recently, Mr. de Guzman was head of Philippines for Credit Suisse. offer applies to new email sign-ups only. 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. 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. . Dr. Michael de Guzman is an ophthalmologist in West Dundee, Illinois and is affiliated with multiple hospitals in the area, including MUSC Health-University Medical Center and Advocate Sherman. 3.51 avg rating 69 ratings published 2002 7 editions. Kingpin:David Walsh an innocent pawn? Canadian geologist Trevor Cavicchi made a similar trek a decade ago for Bre-X, his first job out of university. Then, the recipe to make gold takes over. Last fall, Indonesian officials ordered a shotgun marriage between Bre-X and Toronto-based Barrick Gold Corp. When we first arrived, there was just old shacks, rat houses made from wooden (planks), senior Bre-X geologist Cesar Puspos once told forensic investigators, who later alleged he was a key conspirator in the tampering. Arlen Thompson, photographed in 1996, was an early Bre-X investor. . This story has been shared 178,050 times. at CDL, Guzman Insitute of Technology, Principal at Commercial Discount Lending. Signing up enhances your TCE experience with the ability to save items to your personal reading list, and access the interactive map. De Guzman followed in his fathers footsteps, studying geology at Adamson University. Most of them are/were in Indonesia, says Jojo. Some family members only wish they could stop the rumours whirling around his life, death and $4-million stock fortune. The larger it got, the more difficult the exit plan became, he says. The man who drove his staff mercilessly in pursuit of glory and wealth, and to whom deception came as naturally as his easy smile. There wasnt anything in my mind indicating anything other than suicide, Kuzma, a retired homicide investigator in Calgary, now says. Michael de Guzman Law PLLC (trading name, 2012-12-31 - ) Agent Name Michael de Guzman Agent Address 4242 Medical Drive, Building 4 Suite 4100, San Antonio, TX, 78229, USA Directors / Officers. Its not a nail salon, Im not there to,like, feed your ego, he says. It appears the gold was purchased from local Dayak tribesmen who panned in the nearby rivers. 89 people named Michael Guzman found in Chicago-Gary-Kenosha, Normal and 6 other cities. Yet, his reputation as a geologist was apparently unharmed. Such is the case with the taleof Calgarys Bre-X Minerals. Bre-X was a group of companies in Canada. De Guzman is presumed dead after he fell from a helicopter. The 59-year-old Thompson also bought as many shares for his clients who enjoy dabbling in speculative stocks. 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. Michael De Guzman convinced experienced investors, expert auditors and even Bre-X management that a dry mine was worth over $6 billion. 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. Partner content is not updated. It doesnt actually matter what the world says. Presented by the Coalition for Medicare Choices. Started by Calgary stockbroker David Walsh in 1989 to explore for gold in the Northwest Territories, Bre-X languished until 1993 when Walsh met an Australian geologist and the pair raised $150,000 to stake a claim on the Indonesian island of Kalimantan. Its a very viable ore body, said Wilf Pickles, Kilborn Engineering vice-president and general manager. 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When he would come back from Indonesia, he would talk about his work, says younger brother, Laurence. Norm Duncan, who worked as a geologist for 15 years before becoming a trader with C.M. Today, Jojo just wants to see his brother rest in peace so the family can move on. De Guzman was travelling in a helicopter at about 250 metres slightly higher than Calgarys Petro-Canada Tower (now the Suncor Energy Centre) when he suddenly went through a previously closed door and disappeared into the dense jungle on the island of Borneo, Walsh said. Its 32 C. With near 100 per cent humidity, a cotton shirt melts to the skin like Saran Wrap. To put this in perspective, American Barrick, the worlds third largest gold producer, has more than 350 million shares outstanding and trades at $42. After spending a decade with Benguet, de Guzman headed for the swampy forests of what was dubbed the Pacific Rim of Fire. Its often been said that the story of Calgarys Bre-X Minerals had all the makings of a Hollywood script: gold, love, betrayal and mystery. Bre-X did not respond to calls from the Herald. In the video, de Guzman says that overcoming adversity is part of the training of the martial arts discipline. A groundskeeper tends to the flower beds at the grave of Michael de Guzman in Manila. While contemplating death, de Guzman was living it up in Toronto. In 1989, Forbes magazine labelled the Vancouver Stock Exchange the "scam capital of the world." A steel pipe inside each drum crushes the material, separating dirt from rock. He is the chief geologist for Bre-X and was en route to the huge Busang deposit, which he discovered in 1992, from a prospectors conference in Toronto last week. Could De Guzman have been tortured and murdered before plummeting from the helicopter? A coming together of the world we live in and the world inside my head. Do not hesitate, because there is gold at that area. May 26, 2007: Four wives, nine children and one gigantic mining scandal are all part of the legacy left by Bre-X geologist Michael de Guzman. De Guzman M Joseph, Joseph Guzman Michael De. 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. Creativity, quality & efficiency are the goals I strive for in seeking to leverage my skills & industry knowledge as a developer to drive business growth & resolve . Limited access adds more to the mystery. Sitting inside a McDonalds restaurant in chaotic Quezon City, Jojo de Guzman says his brother, the man at the centre of the Bre-X Minerals scam, is gone at least in the heart of his family. Circumstances surrounding de Guzman's plunge only fuelled the rumours. Five days later, a body was found deep in the swamps of the jungle, lying face down, covered in leeches and maggots. Former vice-president John Felderhof once speculated there could be as much as 200 million ounces of gold at Busang. I hoped Busang or Bre-X would still do exploration, but the fact was they manipulated the data, he says at his village, taking a long pull on a cigarette. 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 DE GUZMAN, managing member; Michael de Guzman, agent; Registry Page https://mycpa.cpa.state.tx.us/coa/ 650 Springhill Ring Road. In 1990, Pelsart Resources fired de Guzman for using company funds to buy food and furniture for a woman, according to the report by Forensic Investigative Associates (FIA). Melonhead. Syakerani contends there is gold, but a deeper question remains: How much? When others tried to confirm the deposit, they found nothing. . Whatever he knew about the Busang heist, he took to the grave. Beginnings: According to an independent study by Toronto-based Strathcona Mineral Services, the salting or the act of adding outside gold dust to rock before it can be tested in a laboratory is believed to have begun as early as 1993 in Busangs central zone using a combination of gold and copper. (Back then, Bre-X was projecting six to eight million ounces.). When I was growing up I saw injustice . But its hard to separate fact from fiction, even life from death, in the lore of gold minings true man of mystery. Thompson considers such high-mindedness so many sour grapes. Oliver and Co. in Vancouver, told Bloomberg Business News that the incident was bizarre. Hes known for his black and white landscapes and is also referred to as MDG by his friends, particularly the photographers. So far these are just unsubstantiated rumors, but its easy to understand why investors are nervous, said Richard Cohen, a mining analyst with Goepel Shields in Vancouver. The veteran Filipino geologist who couldn't get colleagues to take his wild theories seriously until he was credited with perhaps the greatest find of all time. 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. Bre-X Geologist Mike de Guzman Rumoured to be Alive. He is affiliated with Advocate Sherman Hospital. No more stomach pains!! He had a wife and six children in the Philippines. 785 Michael Guzman Photos and Premium High Res Pictures - Getty Images Images Creative Editorial Video Creative Editorial FILTERS CREATIVE EDITORIAL VIDEO 785 Michael Guzman Premium High Res Photos Browse 785 michael guzman stock photos and images available, or start a new search to explore more stock photos and images. 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. Join Facebook to connect with Michael Deguzman and others you may know. At some point between drilling and testing, someone got into Bre-X's samples and literally sprinkled loose gold into the crushed rock. The real cause and manner of death of Mr. Michael de Guzman could never be ruled as suicide, the report concludes. I observed [de Guzman] ask the passenger of his vehicle if he hit the other car and the passenger stated to [de Guzman] in substance, no you just hit the guy, meaning the pedestrian, the officer wrote in the complaint. Current food trends tell us that the best eating is local eating, but when suburban commercial areas are packed with big chains that source food from national suppliers, the eat local movement becomes inaccessible to a whole lot of people. Im gonna, like, challenge you, you may not like that aspect, but if youre patient and you persevere,Im pretty sure youre gonna be happy with the results., Healsodiscusses his loveofworking as a trainer.What drives me is that I feel like I have a purpose for the first time in my life after so many different careers, I worked on Wall Street, I worked in nightlife, I did sales, he says in a voice-overas images are shown of him driving in the Camaro.This is the only thing Id rather be doing than anything else. Previously, Michael was a Senior Investment An Read More Contact Michael de Guzman's Phone Number and Email Last Update 11/14/2022 12:02 AM Email m***@tnyfo.com Engage via Email Contact Number (***) ***-**** Engage via Phone Mobile Number Michael de Guzman. The liver and heart was gone, too, Umar recalls. Ian was sent to work farther away, in an area known as Busang II. IS MICHAEL de GUZMAN DEAD OR ALIVE? Its very simple, says Hasyim Asyari, who earns the equivalent of $250 per month to run the operation for the Dayak villager who owns it. Phone Number: (530) 821-**** Michael R Guzman, age 46 View Full Report Address:***** Palace Green Ct, Katy, TX. BUSANG, INDONESIA Alfred Maliangga hunches over a bucket, one hand in a silvery soup of mercury and dirt, the other gripping a hose held together with rubber bands. Catch up on what's happening in Calgary with the Noon News Roundup every weekday, Catch up on what's happening in Calgary with the Noon News Roundup, Bre-X: The real story and scandal that inspired the movie Gold, Braid: Silence from 21 UCP ministers and MLAs as budget shuts out Calgary downtown, Calgary Public Library postpones drag storytime after protesters shout at parents, kids, Nordstrom closing at CF Chinook will leave big hole in retail landscape, Mother of 2009 homicide victim 'not surprised' by killer's latest murder charges, Premier blames Ottawa for barrage of emergency alerts. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. On January 26, 2022, Michael de Guzman Baroja passed away into God's graces after a vehicular accident. 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. Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc. A welcome email is on its way. Want to Read. During the surreal period that followed, he was fingered as the mastermind of a tampering scam that convinced the world Bre-X controlled a 70-million ounce gold discovery at its Busang site. He was 31 years old. Not for believers of this theory. In David Walsh's words, "four and a half years of hard work and the pot at the end of the rainbow is a bucket of slop." The stone he pulled from the expanded area was green. That bus driver whose name Thompson will not divulge had since bought another 17,000, bringing his total worth on paper to about $4.5 million. Like Bigfoot, this story is supported by occasional, but unproven, sightings. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Ive already got three or four, and declined to purchase $5,000 worth of stocks in the Calgary gold-mining company Bre-X Minerals.

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