The money had been sent on Valentines Day de Guzmans birthday. This article was originally published in Macleans magazine on June 13, 2005. But Laurence doesnt need proof about what happened. Author Alfred Lenarciak discusses his fictional . Processing material pulled from Busang is even more difficult than getting there. Then, the recipe to make gold takes over. Mentally, he was not in good shape, says Leode, who has copies of de Guzmans last wishes. Is this de Guzmans way of signalling that the large scrawling he wrote or was made to write on the yellow pad paper were not earnestly his? the reports asks. The next year, my phone rang in the middle of the night on March 19, 1997 from one of my most trusted Indonesian contacts, John McBeth, the famous journalist based in Jakarta who wrote for the Far East Economic Review. And other business people in this region are inviting Canadian investors back. Syakerani contends there is gold, but a deeper question remains: How much? De. Jian Zhang was one of the last investors to cash in on Bre-X. 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. He was very excited.. Could De Guzman have been tortured and murdered before plummeting from the helicopter? 1. Five days later, a body was found deep in the swamps of the jungle, lying face down, covered in leeches and maggots. 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." TV Shows. Renovated 330sqm* Commercial Office. Not that Thompson is ready to cash in his Bre-X stocks not just yet. . Email. Michael Deguzman is on Facebook. Dr. Michael De Guzman, DO Ophthalmology Male Age 34 Dr. Michael De Guzman, DO is an Ophthalmology Specialist in West Dundee, IL and has over 7 years of experience in the medical field. 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. Follow. "Warren, I think you are right, it's a scam, they just killed de Guzman". Our team will be reviewing your submission and get back to you with any further questions. Office: 847-426-0227. Onel de Guzman, 24-year-old computer-knowledgeable Filipino, admits to creating computer viruses but claims uncertainty as to whether 'Love Bug' virus that plagued computers globally is one he. SOLD FEB 10, 2023. Drilling operator Ian, 34, remembers a yellow rock being pulled from the ground in 1995. 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. 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. Instead, de Guzman indicated he killed himself to escape the suffering of hepatitis B, even though he had just contracted the virus and medical documents suggested it wasnt serious. In reality, none of the supposed riches of Michael ever saw its way to our (or Tesss) bank accounts. Now, a decade after the gold dust turned to ashes, locals still believe buried treasure lies beneath the jungle and they are eager to prove it. Maich, S. (2013). A message was relayed that Genie should check her bank account. It could be . He never went back to college. . $715,000 Last Sold Price. Every week, Tess de Guzman makes the short trek through the chaotic streets of Quezon City, from her modest home to the nearby Holy Cross Memorial Park Cemetery. Take Its the Cinderella stock of the century, has become his favorite phrase. But no one can say for sure; the money was never found. Read More. Drill results from Calgary-based Bre-X's property in Busang, Indonesia, had been faked to indicate a massive GOLD find. Filipino Onel de Guzman, now 44, says. Liquid mercury is added to bind the gold. Whether dead or alive, the mystery surrounding Michael de Guzman endures. Join Facebook to connect with P Michael de Guzman and others you may know. 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). TEMPO Interaktif, Singapura :Direktur bidang eksplorasi Bre-X, Michael de Guzman yang sempat dikabarkan tewas bunuh diri dengan cara melompat dari Helikopter di Kalimantan Timur, delapan tahun lalu, ternyata masih hidup. Multiply $5,000 by 75 and you might get an idea of how many times that investor has kicked himself in the rear end since. The Bre-X crew in Borneo, circa 1997, from left: site manager Jerome Alto, senior vice-president John Felderhof, exploration manager Michael de Guzman and geologist Cesar Puspos. Indonesian miner Alfred Maliangga separates gold from pyrite using mercuryand water. Bre-Xs price will, he says, exceed $250. This story has been shared 178,050 times. Michael de Guzman Fine Art Photography Fine Art, Fine Art Photography, Black and White, Landscape, Long Exposure, MdG, Michael de Guzman Portfolio Fragments of Silence The Lotus Peak Decomposition Atbp About Artist Statement Biography CV Contact Fine Art Photography Portfolio Fragments of Silence The Lotus Peak Decomposition Atbp About The buildings situated in a once-cleared area are now hidden, reclaimed by the jungle. Thompson hadnt paid attention at the time, as Bre-X, on quick glance, didnt seem to be moving too fast. IS MICHAEL de GUZMAN DEAD OR ALIVE? It has been hard for all of them, says Jojo. Within days, de Guzman was dead. But his career demanded constant travel to distant mining outposts, giving him plenty of opportunity to indulge his affection for the opposite sex. They wanted answers. Even back then, however, there were doubts about de Guzman's apparent suicide. JUST LISTED | For Lease 168 Chalmers Street, Surry Hills. Suite 2020. Dr. De Guzman completed a residency at St. John's Episcopal Hospital - South. His office accepts new patients. Indonesian miners pour mercury into a drumto separate the gold at a rudimentary mine in 2007 near the old Bre-X site. And that's why we still care. After drilling core samples, the rock is crushed so it can be tested for mineral content. However, Cohen said it is difficult to understand why Freeport didnt simply issue a statement stating the allegations were false, and end the speculation. There used to be four similar sites in the area. Ft. 1231 W Arthington St, Chicago, IL 60607. In early March of 1997, de Guzman made a presentation to analysts and industry execs at the annual Prospectors and Developers Association convention at Toronto's posh Royal York Hotel. Michael R Guzman, age 58 View Full Report Address:***** Smith Rd, Yuba City, CA. We do not know the exact reason why he is, but my family has accepted his demise., It is final for us, adds younger brother Laurence, who slept beside Michaels casket the night before the funeral at a local cemetery. But a decade after the junior Calgary exploration company imploded, the locals still search for gold. 21 distinct works Similar authors. The $50 school-zone violations took place Dec. 10, Jan. 5 and Feb. 23 in Queens and on Dec. 20 in Brooklyn, according to the records. The RCMP abandoned its criminal investigation in 1999, after spending almost two years reviewing more than 600,000 documents related to the case. 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. And given the surreal nature of the whole sordid Bre-X affair, her belief is hard to dismiss. After conducting several interviews, reviewing police reports, photographs and examining the autopsy, Mountie Perry Kuzma endorsed the Indonesian findings. The companys stock price tumbled after Walsh announced that Bre-X would receive no compensation when its share of Busang was cut to 45 per cent from 90 per cent as Freeport took 15 per cent and various Indonesian entities took 40 per cent. De Guzman said he had fallen asleep in the bathtub after drinking an entire bottle of cough medicine. I think its just a totally false article based on the personal tragedy of de Guzman.. Such is the case with the taleof Calgarys Bre-X Minerals. Associates described him as a gregarious companion who liked to party hard and sing karaoke. 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. He excelled at high school hoops in Manila and dreamed of playing on the Philippines' national team, until one night he was attacked by a gang of thugs who beat him and shattered his knee. Michael has 2 jobs listed on their profile. When it started, I dont think anybody envisioned that it would grow into the humongous enterprise it became.. Making the stuff generates so much adrenaline, spending it can only seem anti-climactic. The real cause and manner of death of Mr. Michael de Guzman could never be ruled as suicide, the report concludes. But in the Philippines, those who were closest to de Guzman are certain he died a decade ago. Michael De Guzman, 78. And, in all likelihood, no one ever will be. That, more than anything, is what sustains our fascination with de Guzman: the nagging realization that no one has ever really been brought to justice for Bre-X. A company spokesman said de Guzman committed suicide after being diagnosed with hepatitis B. No one thought for a minute that anybody would try something so brazen on such a massive scale. Whats left is worth about $50 when its sold in Samarinda to a dealer. The two boarded the helicopter the next day, still a little hung over. Its hardly effortless. A coming together of the world we live in and the world inside my head. He bought shares at six cents apiece and sold them for nine cents, at a profit of $60. There is gold here, says Robert Lomban, 26, who has patiently waited three months for a dime-sized bit of sparkling bullion to be produced by a primitive, illegal mining operation. He also likes reading and traveling to get inspiration for his work which today is in many collections around the world. Depois de muitos acontecimentos, a luta final acontece. In the weeks leading up to the Canadian trip, de Guzman called his mother several times, saying evil spirits were invading him. Jojo de Guzman believes his brother Michael died under suspiciouscircumstances in Indonesia. Ian was sent to work farther away, in an area known as Busang II. construction, Junior Achievement builds brighter futures for southern Alberta youth, Varcoe: Energy powering Calgary to lead country in economic growth in '22, but oilpatch job gains elusive, Chorney-Booth: Tomahawk Kitchen and Bar gives the south end of the city a taste of local luxury, tap here to see other videos from our team, National Bureau of Investigation in the Philippines, ealous lawyer deemed uncivil in Bre-X fraud defence, Appeal Court rules, The gold mine that wasnt: Investors poured millions into B.C. Hes now a regular contributor of a local photography magazine for the landscape section. This week the team have been in the final stages of completing the brand-new Regency Club at The Hyatt Regency Sydney. Known in the western world as Borneo, Kalimantan is the largest island in the Indonesian archipelago. On March 26 Freeport reported that its due-diligence cores, drilled only a meter and a half from Bre-X's, showed "insignificant amounts of gold." The deal was never completed and amid government threats it would seize all of Busang, Bre-X struck a surprise deal with Freeport. Bolinao Sunset by Michael de Guzman Taken: Jul 20, 2013 Uploaded: over 9 yrs ago Beach of Patar, Bolinao, Pangasinan Highest Pulse Highest Pulse Pulse is a score out of 100 points that measures how popular a photo is. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. "I never believed he was dead," she said. 11/24/2022 8:54 PM. Even today, locals believe gold is in nearly every river on this island, as well as the mountains, where the most precious rocks are found deep underground. Major gold companies, along with the children of Indonesias ruthless dictator Suharto, began trying to get their hands on Bre-Xs pot of gold. They say Walsh didnt actually die of a brain aneurysm in 1998. One of them is Midland Walwyn stockbroker Arlen Thompson, a former car dealer with matching diamond-stuffed pinky rings who has been riding the switchbacks of junior resource stocks for the past 15 years. 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. Outsiders were intrigued by the stunning exploration results, but wanted to conduct their own drilling. Or so we were told. The man who drove his staff mercilessly in pursuit of glory and wealth, and to whom deception came as naturally as his easy smile. Eight years have passed, and still the memory of Bre-X provokes shame and anger in this country. 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. Like Bigfoot, this story is supported by occasional, but unproven, sightings. When Bre-X went up in flames, the conspiracy theories took off. Indeed, second wife Genie de Guzman claims she has twice received money from Michael since he vanished. And just like that, he was gone again. Unscrupulous players salted exploration samples, adding outside gold to elevate the test results. These little vines with hundreds of little hooks on them, theyre barbed. Michael de Guzman. 'Stronger oil prices remain great news for this city, whose name is virtually synonymous with the mineral fuel'. Umar, who had conducted only a handful of autopsies at the time and wasnt yet a forensic specialist, says he accepted the body was de Guzmans because thats what police told him. 2023 NYP Holdings, Inc. All Rights Reserved. He joked and chatted with his Filipino mates on the long flight back to Asia. One hundred per cent, I am very sure it was Michael, he says simply. Born in Manila on Valentines Day, 1956, Michael de Guzman was the fifth of 12 children. . When Miles Freely falls out of a tree, his life begins to take unexpected turns, in small and not so small ways. Theyve only deepened in the decade since he reportedly fell out the doors of an Alouette III helicopter high above the Borneo jungle. Most recently, Mr. de Guzman was head of Philippines for Credit Suisse. Even more depressing is the knowledge that it could all happen again. The man who drove his staff mercilessly in pursuit of glory and wealth, and to whom deception came as naturally as his easy smile. De Guzman died in 1997 after he fell from a helicopter. 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. RCMP later travelled to Indonesia as part of a criminal probe into Bre-X and studied the death. Leasing on behalf of our client The Presbyterian. Simon Sembiring says its simply too convenient for him to die just as the fraud was uncovered. The vehicle also gathered 25 parking tickets, including one for blocking a crosswalk in Queens and another for violating a no standing except authorized vehicles ordinance in Brooklyn. Such rock has no gold, he says through an interpreter. Its population of nearly three million is diverse, including indigenous Dayaks who are split into ethnic sub-groups with their own customs and dialects. mystery or intrigue, said Cohen. This photograph was snapped. Michael de Guzman left a note for former Bre-X financial man Bernhard Leode, a man he hardly knew. Today, the journey to the heart of the jungle is just as gruelling as it was when Bre-X set up camp in 1993. Then theres his love life, a sordid tale in its own right four wives with nine children between them, scattered across Southeast Asia. In the video, de Guzman says that overcoming adversity is part of the training of the martial arts discipline. Canada's police forces still lack the resources to track and prosecute sprawling frauds, and the various provincial market regulators remain uncoordinated, underfunded and undermanned. Unauthorized distribution, transmission or republication strictly prohibited. The oldest surviving son maintains his family didnt receive a penny of the fortune the geologist made selling his Bre-X shares. ROTTERDAM - referee Joey Kooij, Michael Concalves Pinto of Sparta Rotterdam, Jonathan de Guzman of Sparta Rotterdam during the Dutch Eredivisie match between Sparta Rotterdam and FC Utrecht at Sparta. By the late 1980s, the worlds economy slumped. She faithfully visits his gravesite at the Holy Cross cemetery in Quezon City. .. On July 6, 1986, De Guzman receives additional information on the newly identified Marcos accounts in Switzerland amounting to US$3 billion in six different banks. Indonesian police took fingerprints, but authorities in the Philippines had difficulty matching them against documents to make a positive identification. If you are a Home delivery print subscriber, unlimited online access is. The scheme later became more sophisticated, relying on finer- quality river gold obtained from local Dayak panners. Join Facebook to connect with Michael Deguzman and others you may know. As the news spread last summer that the company had possibly found the largest gold deposit in the world, almost every major gold company began plotting to gain a piece of the action. Although he shoots color, his works with infrared and black and white photography are his passion. The NPI number of this provider is 1003278862 and was assigned on March 2016. On January 26, 2022, Michael de Guzman Baroja passed away into God's graces after a vehicular accident. About. Hes been in [the] sport a long time. Open bags: Canadian geologists who worked for Bre-X said it was routine for open bags of exploration core samples to pile up in a billiards room at the companys office in the Indonesian city of Samarinda, prior to being shipped to a testing lab in nearby Balikpapan. The practitioner's primary taxonomy code is 207W00000X with license number 83154 (SC). Internal organs in the chest and abdomen were gone. Some said he was carrying a bag with US$300,000 cash on the day he disappeared. Skilled in MSOffice programs such as MSWord, Excel, Outlook, PowerPoint, Access and Windows 98 to Windows 8 OS. 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. 310-***-**** View . Ten years hasnt dulled the areas seductiveness. Movies. Proficiency in building sales by effectively recruiting, training, and developing staff. Overland travel takes five hours, and ends at a small village where the second leg starts by boat. Today, the Indonesian doctor who did an autopsy on the body says he cant be certain the remains he examined a decade ago belonged to the Bre-X exploration manager. Many Filipino geologists sought bigger paycheques in Indonesia, where much of the inhospitable rainforest was terra incognito, or unknown territory for miners. Bre-X Minerals Ltd., a major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang [], East Kalimantan, Indonesia.Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price . Another forensic scientist, known as the Sherlock Holmes of the Philippines, reviewed the case for the family and believes de Guzman was tortured and murdered, likely for information about the gold site. Sean was born December 8, 1946 in Long Island , NY to Paul Vincent de Guzman and Catherine Noone de Guzman. Former vice-president John Felderhof once speculated there could be as much as 200 million ounces of gold at Busang. Three have graduated college and three more are still in school. Over the years, he married three other women around Asia, and managed to keep them all secret from each other. Please try again. Versatile & detail-oriented Microsoft Certified Software Developer with 9+ years of experience in Application, Web & API development, integration, delivery & support. 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. De Guzman continued on toward Busang, but he never arrived. He attended St. David's school in NY,. Michael de Guzman is a black and white landscape specialist using tools such as Photoshop and digital cameras with other software for processing. Following the Bre-X gold deposit fraud of the mid 1990s, the project manager of the land, Michael de Guzman, disappeared. What no one knew was that half a world away, geologists with Bre-X's partner, Freeport-McMoRan Copper & Gold, had discovered the secret of Busang. It makes no sense a man would go through this elaborate scam and only have an exit strategy that involved jumping out of a helicopter.. The investor reputedly said, How many junior mining companies does a guy need? 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. Michael De Guzman's Phone Number and Email. Its a conviction shared by another woman de Guzmans third wife who maintains the body she identified through photographs 10 years ago was her husband. 2,928 Sq. The stone he pulled from the expanded area was green. 2011 Status: In Good Standing Licensed: 10 years 210-593-1507 Profile LAWPOINTS 19 / 100 LAWPOINTS measure the overall completeness of a Lawyer's profile. On this day, Lomban and his co-horts cook up a tiny bead of the shiny bullion after three months of relentless digging by hand to a depth of 30 metres. The man who brought the Bre-X show to Edmonton, veteran mining promoter George Milton, also bought into the stock at the low end. Phone Number: (713) 894-**** Show More Michael Guzman, age 33, Bronx, NY Background Check Subscribe now to read the latest news in your city and across Canada. If there is someone who was interested to continue the Busang project, please come to Indonesia. 2.5 Baths. 3D WALKTHROUGH. Gold and copper core samples in storage at a Benguet mining company warehouse on the Philippine island of Mindanao. Almost every night, he headed to a local strip club, For Your Eyes Only, striking up a friendship with an exotic dancer. Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc. A welcome email is on its way. offer applies to new email sign-ups only. But just four weeks later, Bre-X's geologist at Busang, Michael de Guzman, exited his helicopter that was 250 meters in the air at the timean evident suicide. For Your Eyes Only was the name of the Toronto strip bar where, 'These are kids just like me': Calgary family calls for pasta donations for Ukraine, Section of Trans-Canada Highway to close for a month during B.C. This advertisement has not loaded yet, but your article continues below. An Indonesian travel agent wont entertain queries about visiting Busang. But I wrote the words Check It Out., After later tests, he added the word: Checkmate.. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. 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. 201 posts. The report, obtained by the Herald, theorizes de Guzman was forced to divulge confidential information about Busang, compelled to write his final will and suicide notes before being executed. May 29, 2007: Bre-X Minerals once brought hope of a prosperous future to the Dayak people of Busang. He explained that financial data and a corporate history were being prepared. 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.

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