Three Wall Street Journal stories describe alleged diversion of assets at GWG/Beneficient in 2019 and later to entities controlled by its CEO.[1] The WSJ stories mention an SEC investigation into accounting practices at GWG/Beneficient focused on the treatment of intra-company transactions and the calculation of comical "goodwill" Beneficient put on its books as it combined with GWG. In addition to these post 2018 issues, GWG's use of demonstrably unreliable...
