Joseph Sanberg, a liberal activist and major Democrat donor, has “agreed to plead guilty to two counts of wire fraud and faces a maximum penalty of 20 years in prison per count,” according to the DOJ.
Sanberg co-founded Aspiration Partners, Inc., a financial technology and sustainability services firm, and also served on its board of directors.
“For years, Joseph Sanberg used his position at Aspiration to deceive investors and lenders for his own benefit, causing his victims over $248 million in losses,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division in a statement.
“The Criminal Division is committed to pursuing, charging, and convicting fraudsters like Sanberg, who cause significant harm to their victims and undermine our financial institutions,” he added.
Sanberg has donated to a number of left-wing organizations and Democratic candidates, including California Gov. Gavin Newsom, according to federal election records reviewed by Just the News.
Another top-ranking Democrat is facing a plethora of criminal corruption charges, according to a Friday report.
The Los Angeles District Attorney filed two additional charges against Democratic LA City Councilman Curren Price this week, accusing him of embezzling public funds and steering contracts for his personal financial benefit.
Price was initially charged with five counts of embezzlement in 2023, to which he pleaded not guilty.
“Embezzling public funds and awarding contracts for your own financial gain is the antithesis of public service,” Los Angeles County District Attorney Nathan Hochman said. “Our communities expect and deserve better from their public officials.
“I thank our investigative team and prosecutors in the Public Integrity Division for diligently pursuing every lead and holding elected officials accountable. Self-dealing and pay-to-play politics will not be tolerated in Los Angeles County,” Hochman added.
The DA’s office added:
The Los Angeles County District Attorney’s Office has filed two new public corruption charges against Los Angeles City Councilmember Curren Price after uncovering evidence that the city’s housing authority and LA Metro paid Price’s wife more than $800,000 total at the same time Price voted to award the agencies multimillion-dollar contracts.
Curren De Mille Price Jr. has been the Los Angeles City Councilmember for the Ninth District since 2013. Like all other councilmembers, he is prohibited from having a financial interest associated with any project that comes before the City Council.
Price … was charged on June 13, 2023, in case BA515782 with five felony counts of embezzlement of government funds, three felony counts of perjury and two felony counts of conflict of interest.
The 10 felony counts allege that Del Richardson & Associates, a company owned solely by Price’s wife, Delbra Pettice Richardson, received payments totaling more than $150,000 between 2019 and 2021 from developers before he voted to approve projects.
Other Democrats are currently under legal threat, including another lawmaker from California.
Grand juries in Virginia and Maryland are considering criminal indictments against New York Attorney General Letitia James and California Sen. Adam Schiff on claims that they faked property records to achieve preferential loan conditions.
Attorney General Pam Bondi appointed Ed Martin as Special Attorney to oversee the prosecution of James and Schiff on charges of alleged mortgage fraud, bank fraud, and wire fraud — offenses that each carry potential 30-year prison sentences.
“Attorney General Bondi and President Trump have given me a very serious mission. I am committed to going where the facts take me. For months DOJ and the FBI have been working on these two cases, it is my job to stick the landing,” said Martin, the former acting US Attorney for Washington, DC.
