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‘green’-bank-co-founder-gets-14-years-for-defrauding-lenders,-investors-in-$250-million-scam
‘Green’ Bank Co-Founder Gets 14 Years for Defrauding Lenders, Investors in $250 Million Scam

‘Green’ Bank Co-Founder Gets 14 Years for Defrauding Lenders, Investors in $250 Million Scam

Last updated: June 3, 2026 11:48 am
By Jill McLaughlin
1 Min Read
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‘Green’ Bank Co-Founder Gets 14 Years for Defrauding Lenders, Investors in $250 Million Scam

Joe Sanberg speaks at a press conference in Los Angeles on April 14, 2020. Presley Ann/Getty Images for Emergency Supply Donor Group

A Southern California philanthropist who co-founded a “green” financial technology company was sentenced to 14 years in prison on June 1 for defrauding multiple lenders and investors of at least $248 million.

Joseph “Joe” Sanberg, 46, of Orange, California, pleaded guilty in October 2025 to two counts of wire fraud connected to his company, formerly known as Aspiration Partners Inc.

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TAGGED:BusinessCaliforniaCompaniesCourtsCrime & Public SafetyNorthern CaliforniaRegional & State NewsRegional NewsSouthern CaliforniaState NewsUS
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