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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?


To: I_C_Deadpeople who wrote (2483)3/31/1998 2:20:00 AM
From: E. Charters  Read Replies (1) | Respond to of 3744
 
If the non-reporting aided the criminals to get away with profits and regardless of who was caught some may have got away, then yes, in sensu strictu, Barrick may have aided the process of fraud. It is hard to say that they were criminally in complicity since they did not conspire so to speak with Bre-X, but by their omission they may have contributed to many people's downfall. It is a good civil case. They may take it on the chin.

Real contributors are the consultants for Bre-X, and its employees. Negligent in the extreme is Felderhof. Even his reckless statements can be seen to add to his culpability.

echarter@vianet.on.ca



To: I_C_Deadpeople who wrote (2483)3/31/1998 9:18:00 AM
From: Bill Jackson  Respond to of 3744
 
Eric, I am not sure?, they might have suspicions and those might have been explained away by BRE-X, the emperor, remember?
If they reported a fraud and they were wrong BRE-X was rich and able to sue them, so I would think they would keep their mouths shut, for various reasons.
It might come out the some people were shorting BRE-X, those ones knew, and I suspect the exchanges are backtracking those trades as we speak. The clever ones will use offshore traders to cover their tracks and escape.
The dumb ones will be in court.

Bill