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Aspiration co-founder and board member defrauded investors of $145M, prosecutors say | TechCrunch

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Aspiration co-founder Joseph Sanberg was arrested Monday for allegedly conspiring to defraud two different funds of $145 million .

Ibrahim AlHusseini , a former independent board member for the startup, pleaded guilty to wire fraud.

AlHUSseini allegedly falsified documents to help Sanberg secure the loans.

Sanberg faces up to 20 years in prison.

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