The Six Billion Dollar Gold Scam

BBC
The Six Billion Dollar Gold Scam

Get exclusive episodes, early access, and more

2.99 US$/month or 29.99 US$/year

It was the biggest gold discovery in history…until it wasn’t. In 1995, Canadian mining company Bre-X announced to the world it had found a significant amount of gold deep in the jungles of Indonesia. Stock prices soared as investors worldwide fought to stake their claim. But when Bre-X’s chief geologist mysteriously fell from a helicopter over the jungle, the story of the billion dollar discovery began to unravel. Nearly three decades later, no one has ever been held accountable. Now, host Suzanne Wilton takes listeners from the jungles of Indonesia to small town Alberta, Canada, to investigate what really happened and find out more about the man behind the biggest goldmine fraud of all time. Produced for the BBC World Service and CBC by BBC Scotland Productions. Please note, this series contains references to suicide and has some graphic content.

Episodes

  1. EPISODE 1

    Introducing The Six Billion Dollar Gold Scam

    It was the biggest gold mine fraud of all time – a scam that devastated countless lives. But what really happened? Suzanne Wilton revisits the story that she just couldn’t let go of, to find answers about how the scam was perpetrated… and about the mysterious death of a geologist in the jungle. Released from 19 May 2024. From the BBC World Service and CBC.

    3 min

  2. EPISODE 2

    1. The fall

    Bre-X geologist Michael de Guzman is the man of the hour. He’s responsible for one of the biggest gold discoveries in the world, deep in the Indonesian jungle. It’s a find that sends Bre-X stock prices soaring to stratospheric heights. So his apparent death — a dramatic fall from a helicopter flying to the gold site — sends shockwaves around the world. Did he jump? Was he pushed? But the days following his death will prove even more shocking. Please note, this episode contains difficult subject matter, including references to suicide and death. The series has references to suicide and some graphic content.

    40 min

  3. EPISODE 3

    2. The believers

    It’s gold fever. Estimates put the Bre-X discovery at four times the size of the biggest known gold deposit — and investors are trying to cash in. A small Canadian town is swept up in the gold rush. But others are asking questions, including a hedge fund manager who goes to extraordinary lengths to get inside the Indonesia gold site. Since this episode was recorded, John McBeth has sadly passed away. We are very grateful for his contribution to this story.

    44 min

  4. EPISODE 4

    3. The battle for Busang

    As the value of the Indonesian gold discovery skyrockets, it’s not just everyday investors who want in. Powerful players are drawn into the fight for the gold in Busang. But Bre-X, a small company, has only ever traded as a penny stock. Can it stand up to powerful rivals and play in the big leagues?

    45 min

  5. EPISODE 5

    4. Prospector of the year

    Bre-X’s new partners visit the Indonesian gold exploration site and make a shocking discovery. It will result in a reckoning half a world away at the mining industry’s party of the year — the Prospector and Developers Association Convention. Is the dream of a billion-dollar gold mine about to shatter?

    30 min

  6. EPISODE 6

    5. Waiting for Michael

    On the ground at the Busang exploration site, the dream is collapsing and Bre-X geologist Michael de Guzman is needed for some major questioning. But where is he? As the hours tick by and he fails to arrive at Bre-X's site, news of a tragedy spreads. Those involved in the gold discovery need to get out of Indonesia and fast. Since this episode was recorded, John McBeth has sadly passed away. We are very grateful for his contribution to this story. Please note, this episode deals with upsetting scenes including suicide and contains some graphic details.

    24 min

  7. EPISODE 7

    6. The end of the bonanza

    With Bre-X stock halted on the financial markets, the company goes into meltdown. A terrible truth emerges and a scam on an epic scale is revealed. Investors are set to lose millions and entire pension funds will be wiped out. A golden dream turns into a waking nightmare. Please note, this episode contains difficult subject matter, including references to suicide, and contains some graphic content.

    37 min

  8. EPISODE 8

    7. Blame

    The hunt to discover who was behind the six billion dollar gold scam begins, and Suzanne brings new information to light on how it was perpetrated. But who was to blame and will anyone be held to account? Please note, this episode contains difficult subject matter, including references to suicide and death.

    33 min

  9. EPISODE 9

    8. The fall guy

    Did geologist Michael de Guzman really jump to his death from a helicopter? New information on his last day alive comes to light. And Suzanne tracks down details of his autopsy. Were there other forces at work? Was de Guzman’s death collateral in a larger cover up? Since this episode was recorded, John McBeth has sadly passed away. We are very grateful for his contribution to this story. Please note, this episode contains difficult subject matter, including references to suicide, death and descriptions of serious injury, including some graphic content.

    40 min

  10. EPISODE 10

    9. The exit strategy

    A new witness comes forward with important new evidence over the fate of Bre-X geologist Michael de Guzman. The investigation takes a dramatic turn. Could Suzanne finally be close to finding out what really happened? Did de Guzman take his own life to free himself of the scam, was he murdered or did he hatch an elaborate escape? Since this episode was recorded, John McBeth has sadly passed away. We are very grateful for his contribution to this story. Please note, this episode contains difficult subject matter, including references to suicide and death. It includes some graphic content.

    36 min
  • 10 Episodes

Shows with Subscription Benefits

  • The day’s top stories from BBC News, including the latest from Gaza, on US politics and about the Ukraine conflict. Delivered twice a day on weekdays, daily at weekends.

    • 3.7 (3)
    • DAILY NEWS

  • In the third season of her podcast, Dua Lipa: At Your Service, pop powerhouse Dua Lipa has candid, uplifting and insightful conversations with the people who inspire her most about topics like reinvention, sex and relationships, psychedelics, and more. Season Three will include conversations with internationally renowned artists, thought leaders and cultural icons. Season Three of At Your Service will also invite listeners to explore the vast landscape of human experiences, and celebrates the power in sharing stories and insights into the world around us. Following Season Three's premiere with Chicken Shop Date host Amelia Dimoldenberg, Dua will welcome an extraordinary lineup of guests including BLACKPINK's Jennie Kim, renowned relationship expert Esther Perel, star of Netflix's You and podcaster Penn Badgley, drag icon Sasha Velour, and the incomparable Billie Eilish. New episodes of At Your Service will be released every Friday at 12pm UK time. The Dua Lipa: At Your Service podcast is the sweeping companion piece to Dua's Service95 newsletter, a global style, culture, and society editorial platform created to help the reader make sense of the world.

    • 5.0 (2)
    • PERSONAL JOURNALS

  • From ghostly phantoms to UFOs, Danny Robins investigates real-life stories of paranormal encounters. So, are you Team Believer or Team Sceptic? Written and presented by Danny Robins Editor and Sound Designer: Charlie Brandon-King Music: Evelyn Sykes Theme Music by Lanterns on the Lake Produced by Danny Robins and Simon Barnard A Bafflegab and Uncanny Media production for BBC Radio 4

    • 0.0 (0)
    • DOCUMENTARY

  • A weekly programme that illuminates the mysteries and challenges the controversies behind the science that's changing our world.

    • 4.0 (2)
    • SCIENCE

  • In-depth, hard-hitting interviews with newsworthy personalities.

    • 5.0 (1)
    • GOVERNMENT

  • How did the planet's richest people make their billions? From celebrities and secretive CEOs to sporting legends and tech titans, Simon Jack and Zing Tsjeng find out, and then decide whether they think they’re good, bad, or just another billionaire. Ever wondered how Taylor Swift went from country singer to money-spinner? How Amazon boss Jeff Bezos came to launch one of the biggest corporations of the internet age? And how six-time NBA champion Michael Jordan made his fortune with Nike? Good Bad Billionaire is here to analyse the minds, motives and money of some of the world's wealthiest individuals. No detail is too small and no story too wild to uncover. Join us on a global journey, discovering all we can about some of the richest people on the planet. We hear about billionaires in Russia, China, New Zealand, India, Nigeria and the UK. In the United States, there are those who made their money in Silicon Valley, on Wall Street and high street fashion. Exploring the lives of Oprah Winfrey, Bill Gates, Rupert Murdoch, El Chapo, Narayana Murthy and Kim Kardashian, this podcast paints a vivid picture of business, entrepreneurship, capitalism and how our world really works. In season two, we learn how the likes of Jerry Seinfeld, Peter Jackson, Doris Fisher and George Soros came to join the billionaires' club. We explore how Tiger Woods went from a child golfing prodigy to the world’s highest paid athlete, how a communist mime artist became the boss of fashion house Prada and how Russian oligarch Roman Abramovich bought an English football club. Find out how Mukesh Ambani became Asia’s richest person, and how Patrice Motsepe became the first black billionaire in a post-apartheid South Africa. Plus, we examine some of the biggest names behind the technology shaping our world – the founders of TikTok, Google, ChatGPT, Alibaba and Bumble. But it's not just how these billionaires made their money; it's what they did with it next. Ultimately, Simon and Zing consider whether they think these people are a force for “good”, the opposite, or somewhere in between. Join Simon Jack, business editor for BBC News, and journalist, author and podcaster Zing Tsjeng as this podcast unravels tales of fortune, power, ambition and moral responsibility, and invites you to make up your own mind: are they Good, Bad, or Just Another Billionaire? New episodes released on Mondays.

    • 0.0 (0)
    • ENTREPRENEURSHIP

Get exclusive episodes, early access, and more

2.99 US$/month or 29.99 US$/year

View Subscription FAQs

Hosts & Guests

About

It was the biggest gold discovery in history…until it wasn’t. In 1995, Canadian mining company Bre-X announced to the world it had found a significant amount of gold deep in the jungles of Indonesia. Stock prices soared as investors worldwide fought to stake their claim. But when Bre-X’s chief geologist mysteriously fell from a helicopter over the jungle, the story of the billion dollar discovery began to unravel. Nearly three decades later, no one has ever been held accountable. Now, host Suzanne Wilton takes listeners from the jungles of Indonesia to small town Alberta, Canada, to investigate what really happened and find out more about the man behind the biggest goldmine fraud of all time. Produced for the BBC World Service and CBC by BBC Scotland Productions. Please note, this series contains references to suicide and has some graphic content.

Information

  • Channel
    BBC
  • Creator
    BBC & CBC
  • Years Active
    2K
  • Episodes
    10
  • Rating
    Explicit
  • Copyright
    © (C) BBC 2024
  • Show Website
    The Six Billion Dollar Gold Scam
  • Provider
    BBC Studios Distribution Limited

More From BBC

You Might Also Like

To listen to explicit episodes, sign in.

Stay up to date with this show

Sign in or sign up to follow shows, save episodes and get the latest updates.
Select a country or region

Africa, Middle East, and India

Asia Pacific

Europe

Latin America and the Caribbean

The United States and Canada