Beneficient provides comment on indictment of former CEO Brad Heppner

Beneficient (BENF) issued a statement about the United States Attorney for the Southern District of New York’s recent indictment of the Company’s former Chairman and CEO, Brad Heppner. The company said, “As previously disclosed, Beneficent parted ways with Mr. Heppner earlier this year promptly after the Company learned of clear and credible evidence of his fraud on the Company and others. Beneficient will continue to vigorously pursue its own potential claims against Mr. Heppner and entities associated with him on behalf of its shareholders. Beneficient has and will continue to cooperate with the government’s investigation of Mr. Heppner. The Company believes these recent developments mark an important step toward ultimately closing this chapter and create an opportunity to strengthen the Company’s foundation for growth, transparency, and shareholder value creation. Beneficient remains firmly focused on its mission to deliver innovative liquidity and trust solutions for holders of alternative assets.”