David Walsh (mining)

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David Walsh
Born (1945-08-11)August 11, 1945
Montreal, Quebec, Canada
Died 4 June 1998(1998-06-04) (aged 52)
Nassau, Bahamas
Cause of death Aneurysm
Citizenship Canadian
Known for oil and gas and mining businessman

David Walsh (11 August 19454 June 1998) was a Canadian businessman in the oil and gas and mining industries.

Biography[edit]

Walsh was founder and CEO of the Canadian mining company Bre-X, which was involved in one of the largest stock market scandals in Canadian history. Although Walsh had been oblivious to or dismissive of warning signs before the outbreak of the scandal, he called in RCMP investigators once the fraud was identified, and assisted the RCMP in their criminal investigation. Before the Bre-X fraud, Walsh had run several successful oil and gas companies with properties throughout the United States and Canada and been a stock broker, trust company officer, and portfolio manager. In 1998 he died of an apparent aneurysm suffered at his home in the Bahamas.[1][2]

In popular culture[edit]

  • The Bre-X scandal inspired the 2016 film Gold, in which Matthew McConaughey plays Kenny Wells, who is based on Walsh.

References[edit]

  1. ^ Reuters (5 June 1998). "Bre-X scandal haunts former president even at death", CNN.com. Retrieved on 15 September 2008.
  2. ^ Messing, Brett; Steven Sugarman; James J. Cramer (2006). The Forewarned Investor. Career Press. pp. 143–159. ISBN 978-1-56414-881-0.