Green Bust

Carbon credits couldn't save this scam:

On March 3, 2025, the U.S. Attorney's Office of California's Central District announced that Sanberg had been arrested on a federal criminal complaint accusing him of conspiring to defraud two investor funds of at least $145 million. Sanberg’s alleged co-conspirator, Ibrahim Ameen AlHusseini, pleaded guilty to wire fraud for falsifying documents and information to assist Sanberg. Ibrahim Ameen AlHusseini – also a prolific donor to Democrat causes who served on Aspiration's board of directors — allegedly participated in the scheme to defraud investors. "According to the complaint against Sanberg and AlHusseini’s plea agreement, Sanberg obtained $145 million in loans secured by AlHusseini, who Sanberg knew did not have sufficient financial assets to cover those loans if Sanberg defaulted," the statement read. "Sanberg hid this fact from investors, then defaulted on the loans, which resulted in at least a $145 million in losses." Sanberg allegedly negotiated multimillion-dollar loans by pledging Aspiration stock as collateral.

He wanted green, but got into the red instead...