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...

By Bloomberg Markets · Bloomberg Markets

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. (Source: Bloomberg)