Tel-Chai Nation

A Jewish-American entrepreneur who was one of the Democrats' biggest minions is now on trial for millions of dollars in fraud that could land him in the pen for 4 decades. And there's quite an eyebrow raising part in this whole flap, that being one of his shady business partners:

Joseph Sanberg, a 46-year-old Jewish-American fintech entrepreneur long celebrated as a “social justice warrior” and a philanthropist who gave to Jewish and Israeli causes, has admitted in a plea deal to two counts of fraud totaling more than $248 million.

The man once seen on stages alongside President Barack Obama and Vice President Kamala Harris, who drew Hollywood investors such as Leonardo DiCaprio, Orlando Bloom and Cindy Crawford, and whose voice echoed in debates on poverty and green economics, now awaits sentencing that could send him to prison for decades.

A Harvard graduate, Sanberg founded Aspiration Partners in 2013 as a green alternative to traditional banking. The company offered “eco-friendly” accounts and corporate tree-planting programs, pitching money management as a tool for social justice and environmental impact. The vision drew wide support—from major investors like former Microsoft CEO Steve Ballmer to hundreds of millions raised from private investors and celebrities, including Drake and Robert Downey Jr. At its peak, Aspiration Partners was valued at more than $2 billion and appeared headed toward a splashy Wall Street IPO.

Behind the glossy image, however, was a sophisticated fraud. According to court filings, Sanberg conspired with another board member, Palestinian-American Ibrahim AlHusseini, 51, to secure $145 million in loans by pledging Aspiration Partners shares and submitting falsified financial records to inflate AlHusseini’s apparent wealth.

He also fabricated customer growth, making it appear that people were paying subscription fees for tree-planting initiatives—when in fact he was paying those fees himself through legal entities under his control. The false revenues were recorded in Aspiration’s books between 2021 and 2022, luring investors on the basis of cooked data. In one instance, a forged letter from Aspiration’s audit committee claimed the company had $250 million in available cash and equivalents at a time that it had less than $1 million in available cash.

Wow, what are the chances any fleeced money could've gone to supporting the PLO/Hamas? And if Sanberg really did donate to Israeli/Jewish causes, would they have been far-left causes? I don't feel sorry to see him fall from grace now, and the part about green economy reeks of leftist ideology too, as does all the talk of environment.

It remains to be seen if al-Husseini will face any charges too, because there's every chance he too caused considerable harm and damage. And let's hope all financial victims get their money back after all the awful discoveries made.

Labels: anti-americanism, california, dhimmitude, islam, Israel, Moonbattery, political corruption, showbiz, United States