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,” Acting U.S. Attorney Joseph McNally said in a statement.
Aspiration Inc. was backed by actors Leonardo DiCaprio and Robert De Niro. The “climate-friendly banking” platform courted users’ money with Democrat messaging, telling them that, unlike with traditional Wall Street firms, with Aspiration they could “do good” and “do well” because “clean rich is…
