Former executive of company with unique Kansas bank charter goes on trial for fraud charges

Former CEO and founder of Beneficient, tied to Kansas through issuance of a state bank charter, goes on trial for financial fraud in New York City.

By: Tim Carpenter

Outlets: Kansas Reflector

Published: April 21, 2026

Words: 563

Last Updated: 3 months, 1 week ago

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TOPEKA — The fraud trial of the former CEO of a company with a unique Kansas bank charter was to begin Tuesday in the wake of a judge’s ruling that the defendant couldn’t shield AI-generated documents from prosecutors by claiming attorney-client privilege.

Brad Heppner, founder of Texas-based Beneficient and at one time the leader of a Kansas subsidiary issued the bank charter on orders of the Kansas Legislature, goes on trial in New York for …

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