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Bloomberg

Jefferies Gets New Evidence of Fake Invoices at Troubled Fund

Tuesday, August 4, 2026


Jefferies discovered additional invoices related to its financing of Sapphire Minmetals Corp. that it determined to be fraudulent. The finding follows Jefferies' earlier review of its exposure to iron ore trader Radiant World after reports that documents provided to financiers were invalid. Bloomberg reported the discovery.

Original reporting: https://www.bloomberg.com/news/videos/2026-08-04/jefferies-gets-new-evidence-of-fake-invoices-video

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