Aspiration co-founder sentenced to 14 years for fraud
Key takeaways
- The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over $248 million.
- Cherny left the company in 2022 and has not been charged.
- 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.
Aspiration co-founder Joseph Sanberg has been sentenced to 14 years in prison after defrauding $248 million. (Patrick T. Fallon / For The Times) By Lily Wright Connect June 2, 2026 2:55 PM PT 3 min Click here to listen to this article Share via Close extra sharing options Email Facebook X Linked In Threads Reddit Whats App Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here.
The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over $248 million.
The startup, an eco-friendly digital banking company boasting fossil fuel-free investments, carbon offsets for gas purchases, and a debit card with cash-back benefits for shopping at clean companies, was founded by Sanberg and Andrei Cherny. Cherny left the company in 2022 and has not been charged.