Joseph Sanberg, a liberal activist and major Democrat donor, has “agreed to plead guilty to two counts of wire fraud and faces a maximum penalty of 20 years in prison per count,” according to the Department of Justice.
Sanberg co-founded and served as board member of Aspiration Partners, Inc., which was a financial technology and sustainability services company.
“For years, Joseph Sanberg used his position at Aspiration to deceive investors and lenders for his own benefit, causing his victims over $248 million in losses,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division in a statement. “The Criminal Division is committed to pursuing, charging, and convicting fraudsters like Sanberg, who cause significant harm to their victims and undermine our financial institutions.”
