Ex-Beneficient CEO Convicted In $150M Shell Co. Fraud

By Bonnie Eslinger · May 7, 2026, 9:08 PM EDT

The former CEO of Texas financial services firm Beneficient was convicted by a Manhattan federal jury on Thursday of securities fraud and other charges connected with a scheme to fraudulently loot...

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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