Aspiration, Inc.

Common card · No. 305732

Aspiration was a sustainability-as-a-service company with global operations based in Los Angeles, California. In March 2025, after co-founder Joe Sanberg was arrested and charged with fraud, the company went into bankruptcy, with all of its assets liquidated by July. In October 2025, Sanberg pleaded guilty to defrauding investors and banks out of US$248 million. Sanberg inflated Aspiration's revenue numbers by concealing that revenue booked to external customers was in fact from entities controlled by Sanberg, and, along with board member Ibrahim AlHusseini created false bank statements in order to fraudulently obtain $145 million in loans.

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