Top 15 Biggest Business Fails in History

#15 Bre-X Minerals

#15 Bre-X Minerals

In 1995, Bre-X Minerals was a tiny mining company based in Calgary with stock worth under $1 when they announced they had found extensive deposits of Gold in Busang, Indonesia. As a result, their stock shot up to almost $300 CAD a share. Things were going great. That is, until a bizarre series of events, including a man fallen from a helicopter and eaten by tigers, brought about a downfall, revealing fraud. Site samples revealed Bre-X had faked findings.

#15
						Bre-X Minerals