Jefferies Gets New Evidence of Fake Invoices at Beleaguered Fund

Jefferies Financial Group Inc. has received new evidence indicating that several invoices used to secure financing for Sapphire Minmetals Corp. are not genuine. According to sources familiar with the matter reported by Bloomberg News, these fake invoices were linked to the beleaguered iron ore trader. This development highlights ongoing troubles at the fund, as Jefferies was informed that the documentation underpinning the financial arrangements was fraudulent, impacting the stability of the financing provided to the company.