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| By Paul Bagnell |
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January 2, 1998 |
Felderhof's
Caymans assets frozen in $ 3B negligence suit
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| Intro: |
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John
Felderhof, the former top geologist of disgraced Bre-X Minerals
Ltd., has been slapped with an order effectively freezing his
personal assets in the Cayman Islands.
The court order is part of a $ 3-billion lawsuit filed against
Felderhof by the bankruptcy trustee representing creditors of Bre-X.
The lawsuit accuses Felderhof of negligence and breach of fiduciary
duty - but not active participation - in the Busang gold swindle.
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| Excerpt: |
The home is reportedly worth US$
2.9 million. This and other properties Felderhof owns bring his
total real estate investment in the Cayman Islands to about US$ 5
million, according to Offshore Alert,
a Miami-based newsletter specializing in business news in Bermuda,
the Bahamas and the Caymans. |
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