Brad Heppner, left, the founder and chief executive officer of Beneficient Company Group, was accused in a federal bankruptcy court motion of engaging in financial misconduct leading to the Chapter 11 filing by GWG Holdings in 2022. (Tim Carpenter/Kansas Reflector) TOPEKA — Creditors in a bankruptcy case packed a court document with allegations the top executive of a Kansas business granted a unique fiduciary charter orchestrated a multiyear fraud to enrich himself and his corporate entities and leave GWG Holdings insolvent to the detriment of 27,000 investors owed more than $1 billion. The president of Beneficient Company Group, which is delivering financial services under a Kansas charter issued last year, was dismissive of creditors’ assertions about GWG’s downfall. He responded to the bankruptcy motion by arguing the best course of action would be for creditors to support Beneficient’s transition to Nasdaq and avoid litigation capable of undermining investor confidence in a publicly traded version of the company. He said GWG still held perhaps $1.4 billion in Beneficient stock, and a rise in Beneficient’s value would directly benefit creditors. Lawyers representing these creditors before the U.S. Bankruptcy Court in Houston said analysis of business records, interviews and depositions revealed Brad […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
