Aspiration Co-Founder Sentenced to 14 Years in Prison for $248 Million Fraud

Joseph Sanberg, co-founder of eco-friendly digital banking startup Aspiration, was sentenced to 14 years in prison after defrauding investors and lenders out of over $248 million. The fraud led to the company filing for bankruptcy by July 2025.

By Lily Wright Wed, June 3, 2026 at 12:55 AM GMT+3 2 min read · Yahoo Finance · June 2, 2026, 21:55 UTC

Aspiration Co-Founder Sentenced to 14 Years in Prison for $248 Million Fraud

Topics: financial fraud legal sentencing startup bankruptcy

Read the full article at Yahoo Finance

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