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Jefferies Gets New Evidence of Fake Invoices at Troubled Fund

Bloomberg Markets Tuesday 04 August 2026, 19:29 UTC 1 min read
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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.

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.
Jefferies Gets New Evidence of Fake Invoices (ORG) Sapphire Minmetals Corp. (ORG) Jeffries (PERSON) Radiant World (ORG) Bloomberg (ORG) Sri Natarajan (PERSON)
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