The Great Bre-X Indonesian Gold Scam4 Feb 2026 11:11
The most infamous gold scam in Indonesian history is the 1990s Bre-X minerals scandal, where a Canadian company falsely reported a massive, multi-billion dollar gold deposit in Busang, East Kalimantan. This fraud, which caused global stock prices to soar before collapsing, involved salted core samples and is a notorious case in mining history.