A Jefferies-run fund said in court proceedings that it has evidence of alleged fraudulent conduct by iron ore traders Radiant World and Sapphire Minmetals in receivables-financing deals with a face value of almost $900 million.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-10/jefferies-says-it-found-fraud-in-900-million-of-radiant-deals)