Radiant World Reveals Near-Empty Coffers to Jefferies Fund

Radiant World, the iron ore trading group that’s under fire amid allegations of fraud, has revealed to lawyers for a Jefferies Financial Group Inc. fund that it has hardly any...

By Upmanyu Trivedi and Jack Farchy · Bloomberg

Radiant World, the iron ore trading group that’s under fire amid allegations of fraud, has revealed to lawyers for a Jefferies Financial Group Inc. fund that it has hardly any cash left.