In a scandal that intertwines Hollywood glamour with financial deceit, Joseph Neal Sanberg, founder of the “climate-friendly banking” startup Aspiration, has been arrested for defrauding investors out of $145 million. The company, backed by celebrities like Leonardo DiCaprio, Orlando Bloom, and Drake, is now under scrutiny for allegedly falsifying financial statements to secure investor funds under false pretenses tied to Aspiration shares as collateral. If convicted, Sanberg could face up to 20 years in prison, adding his name to the growing list of fintech figures who have fallen from grace.
Source: NYPost
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