John Felderhof, the Bre-X geologist who played a central role in one of the biggest stock market scandals in Canadian history, has died. He was 79 years old.
Felderhof, the vice-chairman and chief geologist at Bre-X, had sold more than $80-million worth of his company’s stock in 1996, not long before the fraud was exposed and wiped out hundreds of millions of dollars in shareholder value. Felderhof never regained his career or reputation as a geologist after his acquittal, according to his Toronto lawyer Joe Groia, who successfully defended him against the charges levelled by the Ontario Securities Commission.
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