Busang: A $6 Billion Gold Mine With No Gold, and a Body With No Hands or Feet

Unclosed | True Crime · Sep 28, 2026 · 25m

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In 1997, the test results came back for a gold mine in the jungle of Indonesia: the gold content was close to zero. Before that, the company that owned the mine had been worth more than six billion Canadian dollars, and forty thousand investors had put their money into it. And one week before the results were announced, the mine's man on site vanished from a helicopter flying over the jungle.

This episode is about the Busang gold fraud. The reserves the company announced went from two million ounces all the way to seventy million. The share price started at thirty cents…