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Stock impact report

The rise and fall of a Chinese billionaire [CNN]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: CNN
By Jenni Marsh , CNN Photo illustration/AP Images In the mid-1990s, Ye Jianming had a simple job in a forest , or so his story goes. Twenty years later, he sat atop a $44 billion  business empire. Today, he has vanished and, as that empire crumbles, is reportedly under investigation by the Chinese government. How all that happened remains largely unknown. But one thing is clear: at its height, Yeâ??s company, CEFC China Energy, aligned itself so closely with the Chinese government that it was often hard to distinguish between the two. The young tycoon appeared to be China's unofficial energy envoy, meeting presidents across the globe and even becoming an adviser to a European government. In 2016, he ranked No. 2 on the Fortune magazine 40 Under 40  list. But last November, Yeâ??s seemingly unstoppable rise came to a screeching halt. His undoing came after US prosecutors alleged that an NGO he funded had used its United Nations status to offer millions  in Show less Read more
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