Aspiration co-founder Sanberg sentenced to 14 years in prison
LOS ANGELES -- A federal judge sentenced Aspiration co-founder Joseph Sanberg, whose now-bankrupt green banking company is at the center of an NBA investigation into the LA Clippers, to 14 years in federal prison Monday.
Sanberg previously pleaded guilty to two counts of wire fraud after prosecutors said he defrauded investors and lenders out of $248 million by fraudulently obtaining loans, falsifying bank and brokerage statements, and concealing that he was the source of some revenue booked by the company. Each count carried a maximum of 20 years in prison.
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