An arraignment hearing is set Tuesday for an Orange County man who co-founded the online financial services company Aspiration Partners and is charged with allegedly conspiring to bilk investors out of $248 million.
Even though he is going to enter a not guilty plea at his arraignment, Joe Sanberg, 46, of Orange has agreed to plead guilty on Sept. 15 in Los Angeles federal court to two counts of wire fraud, felonies that each carry a sentence of up to 20 years behind bars, according to the U.S. Attorney’s Office.
Ibrahim AlHusseini, 51, of Venice, a former Aspiration board member and investor, pleaded guilty in March to wire fraud for falsifying documents that aided in the scheme, federal prosecutors said…