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Jefferies Gets Evidence of Fake Invoices at Trouble Fund

Bloomberg Markets Tuesday 04 August 2026, 19:20 UTC 1 min read
Key Points

Aug 4th, 2026 Jefferies Gets Evidence of Fake Invoices at Trouble Fund Jefferies Financial Group Inc. has been told that some of the invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp. are not genuine, according to people familiar with the matter. Sapphire Minmetals denies the "rumors." Bloomberg's Sridhar Natarajan reports.

Aug 4th, 2026 Jefferies Gets Evidence of Fake Invoices at Trouble Fund Jefferies Financial Group Inc. has been told that some of the invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp. are not genuine, according to people familiar with the matter. Sapphire Minmetals denies the "rumors." Bloomberg's Sridhar Natarajan reports.
Jefferies Gets (PERSON) Jefferies Financial Group Inc. (ORG) Sapphire Minmetals Corp. (ORG) Sapphire Minmetals (ORG) Bloomberg (PERSON) Sridhar Natarajan (PERSON)
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Aug 4th, 2026 Jefferies Gets New Evidence of Fake Invoices at Troubled Fund Jeffries has found new evidence that invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp. are fake. This discovery comes after Jeffries was already reviewing its exposure to iron ore trader Radiant World, after reports that documents provided to financers were not valid. Bloomberg's Sri Natarajan reports.

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