Espresso

$480M provision, $2B in mutual lawsuits, and a $499M asset freeze. ⚖️ Glencore cut all ties with iron ore trader Radiant World after confirming falsified invoices and fabricated emails that broke its trade-financing model. — Now a Jefferies-managed fund and regulators are circling a market that moved 80M+ tonnes annually.

$480M provision, $2B in mutual lawsuits, and a $499M asset freeze. ⚖️ Glencore cut all ties with iron ore trader Radiant World after confirming falsified invoices and fabricated emails that broke its trade-financing model. — Now a Jefferies-managed fund and regulators are circling a market that moved 80M+ tonnes annually.