Aspiration

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Steve Ballmer tells a judge he lost his $60 million investment in Aspiration after co-founder Joseph Sanberg pleaded guilty to wire fraud. Ballmer says the fintech startup also provided carbon-offsetting programs for the Clippers and its venues, and that the association damaged his reputation. Prosecutors allege Sanberg fabricated revenue and financial records, including a letter claiming Aspiration had $250 million in cash; the NBA is investigating separate salary-cap allegations involving the Clippers and Aspiration.

Apr 2026 · TechCrunchNews article

Aspiration co-founder Joseph Sanberg agrees to plead guilty to two counts of wire fraud in a scheme that caused more than $248 million in losses. Prosecutors say he used payments from entities he controlled to inflate Aspiration’s revenue and fabricated an audit committee letter claiming the company had $250 million in cash, when it had less than $1 million. He allegedly used false statements to obtain $145 million in loans.

Aug 2025 · TechCrunchNews article