California anti-poverty activist accused of defrauding investors out of more than $145 million

It seemed like the realization of the American dream: A man rose from poverty to attend Harvard University, find success on Wall Street, co-found an eco-friendly financial and sustainability company and even flirt with a presidential bid.

But this week Joseph Sanberg, who made his fortune investing early in companies like Blue Apron, was taken into custody for his alleged role in bilking investors out of at least $145 million.

Sanberg, 45, of Orange, was arrested Monday, according to the U.S. Department of Justice . The official court record is sealed, but in a statement authorities alleged he conspired to defraud two investor funds…

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