Beneficient says Kansas business model sustainable, not built on ‘lies’ and ‘fraud’

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A unique type of Kansas financial institution that came under new scrutiny when the founder of its parent company was indicted by a grand jury is not built on fraud and lies, top executives told lawmakers Thursday.

Executives of Dallas-based Beneficient and it's Kansas subsidiary appeared before a joint legislative oversight committee only days after the former top executive of the parent company was indicted on various fraud charges.

A hearing on Beneficient was scheduled weeks ago but took on a new context . . .

SSJ

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