DALLAS — Bradley Heppner, founder of the Dallas-based finance group Beneficient, has been charged in federal court with several counts of fraud, according to the Department of Justice.

The former CEO is charged with securities fraud, wire fraud, conspiracy to commit securities fraud, false statements to auditors, and falsification of records, according to documents from the US Department of Justice.

Before his arrest, Heppner was serving as a chairman for GWG Holdings Inc.

The federal release states that Heppner and others were able to extract funds from GWG Holdings Inc. through a shell company called Highland Consolidated Limited Partnership.

“While serving as chairman of GWG, a publicly traded company, Bradley Heppner allegedly misappropriated more than $150 million. In furtheran

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