Bradley Heppner was found guilty of securities fraud, wire fraud, conspiracy, and false statements to auditors tied to a scheme to fraudulently extract more than $150 million from GWG Holdings. DOJ says he used shell entities, falsified or backdated documents, and misled auditors, directors, and the SEC after receiving a subpoena.

A federal jury found Bradley Heppner guilty on counts including securities fraud, wire fraud, conspiracy, and false statements to auditors connected to a scheme involving GWG Holdings. Prosecutors alleged Heppner participated in fraudulent conduct designed to extract more than $150 million from the company. DOJ said the government’s case demonstrated how document manipulation and concealment tactics helped sustain the alleged scheme. According to prosecutors, Heppner used shell entities and falsified or backdated documents to create misleading records. DOJ further alleges that he misled auditors and directors, and also made false statements to the U.S. Securities and Exchange Commission following a subpoena. By combining financial deception with falsified documentation, the alleged plan aimed to obscure the true nature of transactions and keep oversight bodies from uncovering the misconduct. Heppner’s conviction marks a resolution at trial level for the federal fraud and related counts. The case underscores enforcement priorities around securities-related fraud, particularly where false filings and falsified supporting materials are used to mislead compliance and investigative processes.