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Cryptopolitan

Jefferies shares tumble as CEO alleges fraud tied to First Brands exposure

Jefferies dropped a bomb in front of its investors. Rich Handler, the bank's CEO, came out swinging on Thursday, saying loud and clear: "We believe we were defrauded, OK?" That statement hit as the firm scrambled to explain why it had so much exposure to First Brands Group, the now-bankrupt auto parts supplier. This wasn't [...]

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