Joseph Neal Sanberg, a prominent Orange County businessman and co-founder of Aspiration Partners Inc., has agreed to plead guilty to a massive fraud scheme that defrauded investors and lenders of $248 million.
According to a press release from the U.S. Attorney’s Office, Central District of California, Sanberg faces two wire fraud charges, each carrying a maximum 20-year sentence in federal prison.
“This so-called ‘anti-poverty’ activist has admitted to being nothing more than a self-serving fraudster, by seeking to enrich himself by defrauding lenders and investors out of hundreds of millions of dollars,” said Acting United States Attorney Bill Essayli…