Jefferies Financial Group Announces Warning Regarding Mr. Handler’s Instagram Account

Rhea-AI Summary

Jefferies Financial Group Inc. (NYSE: JEF) announced that CEO Rich Handler's Instagram account has been hacked. Posts related to discounted shares, crypto donations, or donations to Ukraine are false. This incident does not relate to Jefferies' previous charitable donation of $14.1 million for Ukrainian relief efforts. The company is collaborating with Meta to recover the account and has requested an investigation from authorities.

Positive

• Jefferies has previously donated $14.1 million to charitable causes supporting Ukrainian relief.

Negative

• CEO Rich Handler's Instagram account being hacked may damage the company's reputation.
• False information related to discounted shares and crypto donations could mislead investors.

NEW YORK--(BUSINESS WIRE)-- Jefferies Financial Group Inc. (NYSE: JEF) (“Jefferies”) today announced that the Instagram account of its CEO, Rich Handler, (@handlerrich) has been hacked and that any stories related to discounted sales of shares, crypto donations or donations to Ukraine relating to such matters that appear on that hacked Instagram account are categorically false. This has nothing to do with Jefferies' $14.1 million prior donation to charities supporting Ukrainian Relief. Jefferies is working with Meta to return control of the account to Mr. Handler as soon as possible and has asked the authorities to investigate the matter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220506005362/en/

Jonathan Freedman, MediaContact@Jefferies.com

Source: Care of Jefferies Financial Group Inc. and Jefferies Group LLC

FAQ

What happened to Jefferies CEO Rich Handler's Instagram account?

Rich Handler's Instagram account was hacked, leading to the posting of false information regarding discounted shares and donations.

Is Jefferies involved in any fraudulent activities related to the Instagram hack?

No, Jefferies stated that the content posted on the hacked account is categorically false and unrelated to the company.

What previous charitable donations has Jefferies made?

Jefferies has made a prior donation of $14.1 million to support Ukrainian relief efforts.

What actions is Jefferies taking regarding the hacked Instagram account?

Jefferies is working with Meta to regain control of the account and has involved authorities to investigate the hacking incident.