In very entertaining news, a major Democrat donor, Joseph Neal Sanberg, has been arrested and charged with wire fraud as an alleged co-conspirator in a massive scheme that involved milking investors out of nearly $150 million dollars for a woke investment scheme that, in reality, was fraud lining his pocket. Also arrested was his business partner, Ibrahim Ameen AlHusseini, 51, who pleaded guilty to being “Sanberg’s coconspirator,” and was known as a virulent critic of Elon Musk.
According to media reports based on data from political donation watcher Open Secrets, Sanberg donated thousands upon thousands of dollars to a slew of Democratic candidates. “Sanberg has given money to candidates such as former President Barack Obama, former Vice President Kamala Harris, Sen. Kirsten Gillibrand (D-NY), Sen. Jeff Merkley (D-Ore.), former Sen. Sherrod Brown (D-Ohio) and others,” the New York Post reported.
Taking aim at Sanberg in a press release, the Department of Justice began by saying, “Joseph Neal Sanberg, 45, of Orange, the co-founder and largest shareholder of the financial and sustainability services company Aspiration Partners, Inc., was arrested today on a federal criminal complaint alleging that he conspired to defraud two investor funds of at least $145 million.”
Continuing, the statement noted that Elon Musk attacker Ibrahim AlHusseini pleaded guilty, saying, “Sanberg’s coconspirator, Ibrahim Ameen AlHusseini, 51, of Venice, pleaded guilty today to an information charging him with wire fraud for falsifying documents and information to assist Sanberg. According to his plea agreement, signed on February 7, 2025, and unsealed today, AlHusseini personally received approximately $12.3 million in payments from the scheme. AlHusseini is scheduled for sentencing on September 29, 2025.”
Describing the scheme somewhat later in the statement, the DOJ noted, “According to the complaint against Sanberg and AlHusseini’s plea agreement, Sanberg obtained $145 million in loans secured by AlHusseini, who Sanberg knew did not have sufficient financial assets to cover those loans if Sanberg defaulted. Sanberg hid this fact from investors, then defaulted on the loans, which resulted in at least a $145 million in losses.”
Giving more of the details on what happened, the DOJ noted that Sanberg and AlHusseini directed millions of dollars to AlHusseini buy lying about his assets when getting assets to buy assets related to a financial fund, one focused on woke politics, from him, with AlHusseini netting millions off of one transaction alone.
Things came to a head when the duo tried a similar scheme with a second investor fund, on which Sanberg defaulted and left AlHusseini obligated to cover the loan on which he defaulted, leading to massive losses for investors that stemmed from their fraudulent activities and lies about AlHusseini’s assets
