UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. M Logitech Co., Ltd. A financial technology platform creates a more rapid process with simpler forms. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. GWG Holdings filed for bankruptcy on Wednesday. Before establishing these two enterprises in 2005, Brad K. Heppner acted as founder and chairman of Security Assurance Advisors. Its kind of one of those deals: He who has the money makes the rules, Longbine said. Rep. Stephen Owens, a Republican from Hesston, touted the new program, Senate President Ty Masterson, a Republican from Andover, and Sen. Jeff Longbine, a Republican from Emporia who serves as chairman of the Senate finance committee, insisted in an April 7 letter to the bank commissioner that, are inconsequential. Heppner approached me and we had a conversation about the opportunity to tailor-make state statutes to make their business thrive, said Kansas Rep. Stephen Owens, who spearheaded the bill. So maybe Beneficient was their shield from litigation.. Enterprise Risk Committee Chair (SECOM) They demanded the bank commissioner allow Beneficient and the TEFFI program to proceed as intended.. The standouts for me were Zoe Bonnette who was wearing an aubergine Safiyaa jumpsuit, (though her main accessories were her dashing dates Doniphan Moore and Tanner Moussa);Annika Cail had a bag I was drooling over truly a piece of sculpture by Cult Gaia; and Ceron in the most glamorous leopard trench coat. And theres always potholes in business, as every business person knows. These TEFFIs can finance alternative assets held in Kansas trusts and do it quickly with fintech. Rep. Jim Kelly, a Republican from Independence and chairman of the House Financial Institutions and Rural Development Committee, tried to ease the concerns of lawmakers who were confused by the legislation. The company also provided financial statements that show the TEFFI has designated a sliver of mostly illiquid assets for rural development in 117 separate trusts managed by John Stahl. House Status: Adjourned until Monday, January 09, 2023 at 02:00 p.m. Senate Status: Adjourned until Monday, and Brad Heppner answered two additional questions from Senator Pittman. Gerald Ford. Those would include Mayor David Kauffman, City Administrator Gary Emry, Superintendent Ben Proctor, the president of the Hesston Chamber of Commerce, family members of a business and industry, the president of Bluestem Communities, the president of Hesston College, a member of the Hesston Ministerial Alliance and three members from his company. 2018-10-04, Dallas County District Courts | Contract | Mr. Heppner founded Heritage Highland in 1996 as a family office to organize, acquire and own as controlling or sole shareholder these operating companies. Mom said, I gotta hang up because I got about an hour or two round-trip drive. Get PC Daily delivered directly to your inbox don't miss anything! Ive had many companies bought and sold, Heppner said in a Jan. 26 interview. This is money coming from California, Florida, Hong Kong, Russia, anywhere.. PCA only received about $150 million in cash after years of wrangling. , . Website Design by, The Dallas Institute of Humanities and Culture, Women's Auxiliary of The Salvation Army Dallas Fashion Show And Luncheon. House Bill 2074 requires a TEFFI to have at least three employees and 2,000 square feet of office space in Hesston or any town with fewer than 5,000 people in one of 78 Rural Opportunity Zone counties. Chairman 3481 Paseo Verde Ave, Merced, CA 95348, lived here The $800 million deal coincided with the unexplained resignation of the entire GWG Holdings board, leaving Heppner in charge of both companies. The Beneficient Company Group or Ben, for short is the private company, founded by Brad Heppner, that encourages its clients to be benefactors of HERO initiatives. Emry said the estimates had gone even higher. Funding resources from the growth of Bens business are directed by Ben and HERO to support students, faculty, and academic programming at HEROs Texas University Members He sold the company to an industry stakeholder in 2003. To us, this approach indicates an experimental concept, which raises concerns for any financial regulator where conservative, prudent measures are generally followed, and it most certainly accents the reputational risk to Kansas, Herndon told senators. The legislation allows wealthy investors to create a tax-exempt trust. These are towns with populations under 5,000 and without a principal industry. When finished, this home will for sure be a reference point for craftsmanship, exuberance, and most of all a high dose of wit.. Hesston, Kansas, native and Dallas businessman Brad Heppner has plans to bring a grocery store, retail and chapel to his home town along with his "technology Fulk was throwing the party alongside Brian Bolke and in-demand celebrity and architectural photographerDouglas Friedman. Get the latest headlines delivered to your inbox every weekday. Guests were a veritable whos who of our local social set. Our stories may be republished online or in print under Creative Commons license CC BY-NC-ND 4.0. In 2003, Mr. Heppner organized Highland Consolidated Business Holdings, L.P. which is the predecessor-in-interest to Beneficient and reorganized into Beneficient in September 2017. That buyer would be GWG Holdings, a Minneapolis-based company that bought life insurance policies from senior citizens. If you do not agree with these terms, then do not use our website and/or services. One-fifth of that figure goes to the Department of Commerce while the rest goes to a charity of the TEFFIs choosing. The products and services described on this website may not be suitable for all users and you should consult with your legal, tax or other advisors prior to taking any action relating to the subject matter contained on this website. The maneuver attracted the attention of the SEC, which issued a flurry of subpoenas beginning in October 2020. South Dakota looked like a promising alternative. Frasier said the ability to provide audited financial statements is certainly one of the things that we look at and consider as part of the chartering process.. There are Who had done the casting call for the aforementioned shirtless cocktail servers? The new enterprise intersected with Paul Capital Advisors, or PCA, after. Beneficient handled $357 million in transactions for assets on Dec. 31, Heppner said in the interview with Kansas Reflector. He said he credited a lot of his success to being a graduate of Hesston High. He has successfully completed realizations from seven of the ten Heritage Highland companies through mergers and transactions with Fortune 50 companies or institutionally backed management teams. Current address 325 North St. Paul Street #4850, Dallas, TX 75201 $2,040: B. He said the rest could go to a foundation, like Beneficent Heartland Foundation, which will benefit Hesston. The sky is the limit when youre talking about anywhere from $10 to $100 million, or up to a billion dollars over the next 10 years, flowing directly into rural Kansas, Owens said. How it Works: 1 Identify a need for liquidity for your alternative asset. A year or two in, people will be asking, Wheres the grocery store? These great big plans dont require them to show anything for a very long time, said Shane Van Dalsem, an associate professor of finance business at Washburn University in Topeka who also serves on the asset management committee for Topeka Community Foundation. A three-month Kansas Reflector investigation explored Heppners business and the prospects of rural development through interviews with Beneficient leaders, financial experts, Hesston residents, Texas authorities, attorneys and Kansas officials; a review of legislative hearings and records; financial documents obtained through open records requests and public SEC filings; and documents from lawsuits filed in federal courts and the chancery of Delaware. The house has been dubbed Sunfields Manor and is the new Volk Estates residence of Aurelia and Brad Heppner. Through companies held by Heritage Highland, Mr. Heppner earned his M.B.A. from the J.L. As the Chairman of the Board of GWG Inc, the total compensation of Bradley Heppner at GWG Inc is $143,132. WebDallasaverage build age 57 years (-29) State of Texasaverage build age 44 (-42) Owner Name Heppner Family Home Trust 325 N Saint Paul St Ste 4850 % Brad Heppner, What is the salary of Bradley Heppner? So that might be a blind spot for the Legislature and for the governor because they probably historically relied on regulators to oversee the financial institutions, and it doesnt look like thats taking place.. His concept called for an indoor flea market, an auditorium, an indoor basketball court, a museum and a railroad depot. Meanwhile, he noted that they had a deadline since the school district was working on a bond issue and a new school. View Public Record Results ✓ Addresses. Sign In. So what does Kansas get out of this agreement? Theres been an awful lot of talk about a grocery store, OK? Beneficient responded to questions about the funding by providing a bank statement showing a $748,339.44 transfer was made to the foundation on April 8. Public Records Policy. These materials do not constitute an offer to sell or the solicitation of an offer to buy securities. Hesston Village Park, the name Heppner gave to the vision, would include a plot of green space that is 20 percent larger than Heritage Park. Heppner said his company hired a lobbyist to be the voice in the hallways while the state is going through the decision process. Executive Committee, Audit Committee ChairEnterprise Risk Committee, Audit Committee Heppner said Kansas was the first state in the nation to have such a law. ORIGINAL PETITION; Comment: VERIFIED PETITION REQUESTING DEPOSITION TO INVESTIGATE POTENTIAL CLAIM OR SUIT, DISMISSAL HEARING; Judicial Officer: GREENBERG, MARK; Hearing Time: 9:00 AM, NOTICE - HEARING; Comment: NOTICE OF HEARING, ORDER - DISMISSAL FOR WANT OF PROSECUTION, NOTICE OF DISMISSAL FOR WANT OF PROSECUTION, DocketORDER - DISMISSAL FOR WANT OF PROSECUTION, DocketDISMISSAL HEARING; Judicial Officer: GREENBERG, MARK; Hearing Time: 9:00 AM; Comment: dwop, DocketMOTION - HEARING; Judicial Officer: RENTERIA, JUAN; Hearing Time: 10:30 AM; Comment: RULE 202 PETITION JONATHAN SCOTT (ZOOM)-30 MIN 214-999-2901 06/02/22 SENT ZOOM, DocketNOTICE - HEARING; Comment: NOTICE OF HEARING, FinancialFinancial info for HEPPNER, AURELIA : STATE CREDIT; ; $137.00, FinancialFinancial info for HEPPNER, AURELIA : CREDIT CARD - TEXFILE (CC); Receipt # CV-2022-01644; HEPPNER, AURELIA $213.00, FinancialFinancial info for HEPPNER, AURELIA : Transaction Assessment; ; $350.00, FinancialFinancial: HEPPNER, AURELIA ; Total Financial Assessment $350.00 ; Total Payments and Credits $350.00, DocketORIGINAL PETITION; Comment: VERIFIED PETITION REQUESTING DEPOSITION TO INVESTIGATE POTENTIAL CLAIM OR SUIT, Dallas County District Courts | Contract | And I asked her right there on the call, I said, Mom, can you figure out and get me some meetings set up with legislators to talk about an idea I have? And the next step was I actually flew up to Hesston the next day.. A federal class action lawsuit claims Heppner secured cash for Beneficient by defrauding investors. He also said his group looked at other communities of similar size and found a couple of good examples. COVID taught us you dont need to go to Wall Street to work, as long as you have good broadband, he said. The letter says the company is working to finalize agreements and establish accounts before transferring cash and assets marked for economic growth to the Department of Commerce and Beneficient Heartland Foundation. a Dec. 7 meeting of the oversight committee. We are delighted that you'd like to resume your subscription. (Sherman Smith/Kansas Reflector). They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. In a separate email to Sen. Tom Holland, a Democrat from Baldwin City who has called for an end to the TEFFI program, Herndon said the legislation doesnt allow him to suspend operations. Fletcher also said the company hasnt conducted any transactions since Dec. 31, but that it has a billion dollars worth of potential deals in our pipeline. The company doesnt finance assets from Russia or Hong Kong, as Owens claimed last year, Fletcher said. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, I really want to see it happen quicker rather than later, because my mothers in her early 80s, and Id like to see this get done so she can enjoy shopping in that store for a decade.. He previously spent 16 years at the Topeka Capital-Journal. Bradley K. Heppner serves as Chairman of the Board of the Company. As of July 1, Beneficient was granted an inoperable charter in the state. 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