Sanberg co-founded Aspiration
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Aspiration co-founder gets 14 years in prison
A federal judge sentenced Aspiration co-founder Joseph Sanberg, whose now-bankrupt green banking company is at the center of an NBA investigation into the LA Clippers, to 14 years in federal prison on Monday. Sanberg previously pleaded guilty to two counts of wire fraud after prosecutors said he defrauded investors and lenders out of $248 million by fraudulently obtaining loans, falsifying bank and brokerage statements, and concealing that he was the source of some revenue booked by the...
Silver: Clips investigation needs to wrap up soon
SAN ANTONIO -- NBA commissioner Adam Silver declined Wednesday to put a timeline on the conclusion of the investigation of the LA Clippers and their potential salary cap circumvention, but he said the time to "wrap it up" is drawing near. "The investigation has been conducted by a law firm independent of the NBA," Silver said at Frost Bank Center prior to Game 1 of the 2026 NBA Finals between the San Antonio Spurs and New York Knicks. "Yes, ultimately we're paying their bills, but they are...