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aspiration co-founder arrested for defrauding investors of 145 million dollars
Aspiration co-founder Joseph Sanberg has been arrested for allegedly conspiring to defraud investors of $145 million, while board member Ibrahim AlHusseini pleaded guilty to wire fraud for falsifying documents to secure loans. The scheme involved inflated asset statements and resulted in significant financial losses for the investors. If convicted, both face up to 20 years in prison.
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