‘Elephant in the Room’: Beneficient Executives Respond to Former CEO’s Fraud Indictment

‘Elephant in the room’: Beneficient executives respond to former CEO’s fraud indictment

TOPEKA — Beneficient executives and attorneys pleaded Thursday for patience and understanding from the Kansas Legislature after indictment of the firm’s founder, who used spectacular predictions of wealth creation to charm state legislators into awarding the company a special bank…

Beneficient executives respond to former CEO’s indictment - The Iola Register

Executives and attorneys with Beneficient spoke with legislators Thursday after the indictment of the firm’s founder Brad Heppner. TOPEKA — Beneficient executives and attorneys pleaded Thursday for patience and understanding from the Kansas Legislature after indictment of the firm’s founder, who used spectacular predictions of wealth creation to charm state legislators into awarding the company a special bank charter. Interim Beneficient CEO Jam…

Beneficient says Kansas business model sustainable, not built on ‘lies’ and ‘fraud’

A unique type of Kansas financial institution that came under new scrutiny when the founder of its parent company was indicted by a grand jury is not built on fraud and lies, top executives told lawmakers Thursday. Executives of Dallas-based Beneficient and it's Kansas subsidiary appeared before a joint legislative oversight committee only days after the former top executive of the parent company was indicted on various fraud charges. A hearing …