Monday, July 30, 2007

Ex- Says Felderhof is Innocent

David Walsh is dead. So, apparently, is Michael de Guzman. That leaves only one principal of mining fraud Bre-X to take the heat - geologist John Felderhof.

The company imploded a full decade ago wiping out $3-billion of investor equity. Some got rich, most lost their shirts. When the dust settled the company was worthless, no vaste horde of Indonesian gold.

Today's Report on Business has a detailed account, from the former Mrs. Felderhof, about the Bre-X aftermath and her ex-husband's plight. Ingrid Felderhof doesn't have a lot good to say of her former spouse but she insists he was as much a victim of the fraud as anyone else.

No comments: