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Celebrity-backed climate change finance company is bankrupt after Democrat-linked co-founder arrested for $145M fraud scheme

Summary by The Blaze
A climate change finance company Aspiration backed by big name celebrities like Leonardo DiCaprio filed for bankruptcy. The bankruptcy follows the arrest of the company's co-founder Joe Sanberg for allegedly attempting to defraud investors of $145 million.

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Celebrity-backed climate change finance company is bankrupt after Democrat-linked co-founder arrested for $145M fraud scheme

A climate change finance company Aspiration backed by big name celebrities like Leonardo DiCaprio filed for bankruptcy. The bankruptcy follows the arrest of the company's co-founder Joe Sanberg for allegedly attempting to defraud investors of $145 million.

·United States
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tfppwire.comtfppwire.com
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Celebrity Backed Climate Startup Goes Bankrupt With Massive Debt After Cofounder Arrested on Fraud Charges

A climate tech company once backed by big-name investors and trusted by major corporations has filed for bankruptcy after its co-founder was charged with defrauding investors. The fallout threatens millions in claims and reveals deeper issues plaguing green startups. Key Facts: CTN Holdings, formerly Aspiration Partners Inc., filed for Chapter 11 bankruptcy protection. The company owes roughly $170 million and aims to sell assets quickly to rep…

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williamsnews.comwilliamsnews.com

Microsoft and Meta partner files Chapter 11 bankruptcy

A key co-founder was arrested on counts of fraud.

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tfppwire.com broke the news in on Wednesday, April 2, 2025.
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