Orange County man sentenced to 14 years for defrauding investors, lenders of more than $248M

NBA probe of Steve Ballmer, Kawhi Leonard and Clippers at forefront after Aspiration fraud sentencing

Sentencing of Aspiration's Joseph Sanberg to 14 years in prison moves the NBA closer to finishing its probe into whether the Clippers skirted the league’s salary cap.

California founder of green financial firm sentenced after defrauding investors of more than $248 million

An entrepreneur and investor previously known for his fight to end poverty in California was sentenced to 14 years in prison, after he pleaded guilty to defrauding investors and lenders of his LA-based startup of more than $248 million.

Orange County man sentenced to 14 years for role in $248M fraud scheme

LOS ANGELES (KESQ) - The co-founder of a now-bankrupt digital bank who admitted plotting to fleece investors out of $248 million was sentenced today in downtown Los Angeles to 14 years behind bars.   Joe Sanberg, 46, of Orange, pleaded guilty in October 2025 to two federal wire fraud counts.   Sanberg and his "environmentally conscious'' bank

OC founder of green financial firm sentenced after defrauding investors of more than $248 million

Prosecutors accused Joseph Sanberg, 46, of using his Aspiration stock to defraud investors and lenders from 2020 until 2025.

Orange County man sentenced to 14 years for defrauding investors, lenders of more than $248M

An Orange County man was sentenced Monday to 14 years in federal prison for orchestrating a years‑long scheme that defrauded investors and lenders out of more than $248 million. Joseph Neal Sanberg, 46, of Orange, co‑founded and served on the board of the financial technology and sustainability company formerly known as Aspiration Partners Inc. Sanberg [...]

Aspiration co-founder gets 14 years in prison

Joseph Sanberg, whose now-bankrupt green banking company is at the center of an NBA investigation into the Clippers, was sentenced to 14 years in federal prison Monday.