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 20Â 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.”
Sanberg donated to various liberal groups and candidates such as California Gov. Gavin Newsom, according to federal election data.Â
