Fintech firm Aspiration Partners' co-founder pleads guilty to defrauding investors
ReutersAug 21, 2025 7:18 PM
Aug 21 (Reuters) - The co-founder of a fintech firm formerly known as Aspiration Partners Inc, and which was backed by actors Robert Downey Jr. and Leonardo DiCaprio, has pleaded guilty to defrauding investors and lenders in a $248 million scheme, the U.S. Justice Department said on Thursday.
Joseph Sanberg, who was also a board member of Aspiration Partners, has agreed to plead guilty to two counts of wire fraud and faces a maximum penalty of 20 years in prison per count, the Justice Department said in a statement.
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