Story thread · 5 reports / 3 sources

Jefferies Gets New Evidence of Fake Invoices at Troubled Fund

bloomberg.com · 7dShare

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. (Source: Bloomberg)

First report: Iron ore teeters after major trader accused of fake invoices — afr.com, 7d