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Beneficient former CEO Brad Heppner convicted on fraud charges

Mon, 11 May 2026 07:31:02 -0400

Beneficient (NASDAQ: BENF) announced that a federal jury convicted the company's former Chairman and CEO Brad Heppner on securities fraud, wire fraud, conspiracy and false statements to auditors charges in the United States District Court for the Southern District of New York.

The conviction stems from a scheme to defraud GWG Holdings, Inc., which prosecutors established Heppner carried out through a shell company he controlled on behalf of his family office, according to the company's statement.

Beneficient said it separated from Heppner after discovering evidence of fraud and cooperated with the government's investigation. "The verdict closes an important chapter and allows the

Beneficient Statement on Heppner Conviction

Mon, 11 May 2026 07:30:00 -0400

DALLAS, May 11, 2026 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets, today issued a statement regarding the conviction of the Company’s former Chairman and CEO, Brad Heppner, by a federal jury in the United States District Court for the Southern District of New York (“SNDY”) on charges of securities fraud, wire fraud, conspiracy to commit securities fraud and wire fraud, and false statements to auditors in connection with a scheme to defraud GWG Holdings, Inc. As

Beneficient Statement on Heppner Conviction

Mon, 11 May 2026 07:30:00 -0400

Beneficient Statement on Heppner Conviction

Mon, 11 May 2026 07:30:00 -0400

Beneficient Statement on Heppner Conviction

Mon, 11 May 2026 07:30:00 -0400

Beneficient Statement on Heppner Conviction

Mon, 11 May 2026 07:30:00 -0400

Beneficient Statement on Heppner Conviction

Mon, 11 May 2026 07:30:00 -0400

Beneficient Statement on Heppner Conviction

Mon, 11 May 2026 07:30:00 -0400

Beneficient Statement on Heppner Conviction

Mon, 11 May 2026 07:30:00 -0400

Form 3 Beneficient For: Mar 10 Filed by: Hicks Mack H.

Mon, 20 Apr 2026 19:02:00 -0400

si-local-file:///var/storage/secattach/20260420/26338321.html

Form 3 Beneficient For: Mar 10 Filed by: Hicks Mack H.

Mon, 20 Apr 2026 19:02:00 -0400

si-local-file:///var/storage/secattach/20260420/26338321.html

Beneficient closes $8.75 million primary capital transaction

Fri, 10 Apr 2026 07:30:47 -0400

Beneficient (NASDAQ: BENF) announced it closed an $8.75 million primary capital commitment with Quartus AI Fund LP, a fund managed by New York-based Quartus Capital Partners LLC that invests in growth-stage artificial intelligence and technology ventures.

The transaction was part of Beneficient's GP Primary Commitment Program, which provides primary capital solutions to private investment funds. In exchange for an interest in the fund, Quartus AI Fund LP received approximately $8.75 million in stated value of Beneficient's Resettable Convertible Preferred Stock, which can be converted into the company's Class A common stock.

Following the closing, Beneficient reports an unrealized gain of approximately $1.2

Beneficient Closes $8.75 Million GP Primary Capital Transaction