Posted on 03/04/2025 6:15:51 PM PST by Twotone
California Democrat activist Joseph Sanberg, a multimillionaire who fashioned himself an anti-poverty crusader, was arrested Monday on suspicion that he conspired to defraud investors in his “green” finance company, Aspiration.
“Joseph Neal Sanberg, 45, of Orange, the co-founder and largest shareholder of the financial and sustainability services company Aspiration Partners, Inc., was arrested today on a federal criminal complaint alleging that he conspired to defraud two investor funds of at least $145 million,” Joseph McNally, Acting U.S. Attorney for the Central District of California, said in a statement.
Aspiration Inc. was backed by actors Leonardo DiCaprio and Robert Downey Jr. The “climate-friendly banking” platform courted users through Democrat messaging, telling them that, unlike with traditional Wall Street firms, with Aspiration they could “do good” and “do well” because “clean rich is the new filthy rich.”
But a plea agreement signed by Aspiration board member Ibrahim AlHusseini, unsealed Monday, said that AlHusseini falsified financial statements “at Sanberg’s direction and with Sanberg’s assistance,” including one that claimed an account “held more than $199 million” when it actually “held a total of approximately $2,693.63.”
“Sanberg obtained $145 million in loans secured by AlHusseini, who Sanberg knew did not have sufficient financial assets to cover those loans if Sanberg defaulted. Sanberg hid this fact from investors, then defaulted on the loans, which resulted in at least $145 million in losses,” the Justice Department said.
(Excerpt) Read more at dailywire.com ...
The climate hoax has always been about the green.
It’s all about the money... Go figure.
But a plea agreement signed by Aspiration board member Ibrahim AlHusseini
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Hey the whole board could be indicted and prohibited from doing business until the investigation is completed. Better get this file to George! He is aware!
LIMIT FOR WRITE OFF OF INVESTMENT LOSSES for SINGLE TAXPAYERS=== $3000 annually. GOING TO TAKE A LONG TIME FOR THESE SILLY “INVESTORS” TO WRITE OFF THEIR LOSSES-———
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