Link to teaching case: 


This case tells the incredible story of what may be viewed as one of the century's most infamous stock scams: the rise and collapse of the Canadian mining firm Bre-X, based on doctored reports of a gold strike in Indonesia said to have been worth $70 billion. The case raises the question of what, if anything, could have been done by Indonesian or Canadian regulators to prevent, or soften the impact, of a stock stampede which saw the value of a Bre-X share rise from two cents to more than $200--before collapsing in the face of what appeared to be evidence of fraud.

Part B:


Samuel Pasow


Harvard Kennedy School

Pub date: 

Wednesday, January 1, 1997