Ex-Beneficient CEO Stole $150M From GWG, Feds Say

By Bonnie Eslinger · November 4, 2025, 10:23 PM EST

The former CEO of Texas financial services firm Beneficient allegedly created a fraudulent scheme to loot more than $150 million from now defunct GWG Holdings, a publicly traded company for which...

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Case Information

Case Title

USA v. HEPPNER

Case Number

1:25-cr-00503

Court

New York Southern

Nature of Suit

Date Filed

October 28, 2025