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Steve Ballmer blasts founder he backed who pleaded guilty to fraud: ‘I was duped and feel silly’

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Silicon Valley tends to tolerate a certain amount of founder exaggeration when pitching investors, often dismissing it as part of selling a vision. But some choices cross the line and can lead to jail time for founders and scandal for their investors.

A case in point is Joseph Sanberg, whose once high-flying fintech startup Aspiration Partners was backed by a roster of tech celebrities, including former Microsoft CEO and current Clippers owner Steve Ballmer. In August 2025, Sanberg pleaded guilty to two counts of wire fraud and defrauding multiple investors and lenders, the U.S. Department of Justice said in a press release. Each count carries a maximum sentence of 20 years in prison.

Ahead of sentencing, which is scheduled for Monday, victims were invited to describe their experience with Sanberg to the judge. Ballmer did so, and publicly. Ballmer’s lawyers said in the letter that he has lost money, been vilified, and that the NBA is investigating allegations stemming from the association.

Sanberg co-founded green fintech startup Aspiration Partners, which offered what it called sustainable banking services like credit cards and investment products that avoided fossil fuels. The startup promised to “automatically plant trees with every card purchase.” In 2021, it announced plans to go public via a SPAC merger at a value of $2.3 billion, though that transaction never took place.

The DOJ alleged that Aspiration booked and recognized revenue from entities held by Sanberg, who made the company appear as if it had a steady stream of customers and revenue that it didn’t actually have. The agency further alleged he defrauded investors by showing them a fabricated letter from Aspiration’s audit committee that said the company had $250 million in available cash and equivalents when it had less than $1 million. The DOJ alleged that Sanberg, along with a board member who also pleaded guilty, falsified financial records to obtain $145 million in loans.

When Ballmer shared his letter on X, asking the judge to consider the harm done to him in sentencing, he wrote, “I was duped and feel silly about that. Everyone who believed in Aspiration, including employees, customers and investors, was also duped. Everyone is still tallying the losses.”

The letter says that Ballmer invested a total of $60 million in the company, and lost all of it. Ballmer was not only an investor, but had contracted with Aspiration to provide carbon-offsetting programs for the Clippers and its stadium. Aspiration also became a major Clippers sponsor.

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The billionaire said in the letter that not only did he lose that money, his reputation was negatively affected. He used the letter to deny the reporting of a multi-part series from famed sports podcast Pablo Torre Finds Out that delved into the relationship between the Clippers and Aspiration. The podcast made allegations that Aspiration helped sidestep the salary cap for a star Clippers player. Ballmer’s lawyers called those allegations “misapprehension or intentional disregard of the facts,” in the letter.

Ballmer’s letter also said that as a result of the association with this company, the podcast and other public attention of it, he’s been named in lawsuits. Meanwhile, the NBA said in its own letter regarding Sanberg’s sentencing that it’s investigating the salary cap allegations and Sanberg has been providing evidence, ESPN reported.

While the basketball world is embroiled in all of these downstream developments, the message founders can take from it is clear: If one fabricates financial documents to raise capital, the outcome will very likely be prison.

The Ballmer Group did not respond to our request for comment.

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2027 election already concluded, North will give Tinubu 95% votes – Kaduna Gov, Uba Sani

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Kaduna State Governor, Uba Sani, has declared that the 2027 presidential election has already been concluded.

Sani assured that the North would give Tinubu at least 95 percent of the total vote in the 2027 presidential election.

He spoke during the flag off of 122km Kaduna-Birni Gwari road on Tuesday.

The governor noted that the people of Kaduna State are happy with Tinubu.

He said: “We have to be happy with what he has done for us and whether we like it or not, Kaduna is the capital of Northern Nigeria, everyone is proud of Kaduna.

“Kaduna’s development is a development for all the states of Northern Nigeria, so we are happy and grateful to the president for recognizing that Kaduna is the heart of Northern Nigeria.

“We will continue to support the president, I have no doubt in my mind that the 2027 election has been concluded, and we are given President Tinubu at least 95% of the total votes. There is no doubt about that and I stand to be challenged.

“The Western bypass is ongoing from the Abuja junction to the Kawu motorpark and that is also a construction undertaken by the Federal Ministry of Works under the able leadership of Tinubu.

“We are resuming the construction of Eastern bypass which is extremely very critical for our people, it will resume according to my conversation with the Minister in the next two weeks by the grace of God, so all these are things the president is doing for the people of Kaduna State.”

The governor maintained that Tinubu is doing what no past president has done in Northern Nigeria.

“About two weeks ago, I came out boldly and said no president in the history of Nigeria has done what Tinubu did for us here in Northern Nigeria and I challenge anyone to come up with anything contrary to what I have said.

“Tinubu has done a lot, only now my brother and friend, Masari stood here and mentioned most of the projects that Mr President is doing in Northern Nigerian; again, the Minister came up here and confirmed all those projects.

“Let me ask a question, why was it that other leaders were not doing what Tinubu is doing today for Northern Nigeria, was it that Northern Nigeria was not a priority or that was not their concern? We thank Tinubu for the love for the North and humanity,” he added.

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Two deaths recorded as US battles Cyclosporiasis outbreak

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Two people have died in the United States after contracting Cyclosporiasis, marking the first known deaths linked to the country’s largest recorded outbreak of the disease.

Cyclosporiasis is an infection of the intestine caused by a parasite that thrives in human waste.

The deaths were recorded in Michigan, the state hardest hit by the outbreak.

Reuters reported on Monday that the state health authorities said both patients had serious underlying medical conditions that may have been worsened by the infection and the severe dehydration associated with the illness.

The US Centres for Disease Control and Prevention (CDC) said it had confirmed 6,707 laboratory cases nationwide as of 28 July, alongside more than 11,500 suspected cases awaiting laboratory confirmation.

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Michigan, the hardest-hit, has recorded 11,234 cases as of Monday, including 193 hospitalisations.

About Cyclosporiasis

Cyclosporiasis is an intestinal infection caused by the microscopic parasite known as Cyclospora cayetanensis.

According to the CDC, people become infected after eating food or drinking water contaminated with human faeces containing the parasite.

Although the disease is not usually life-threatening, it can cause severe illness in some people.

Symptoms include watery diarrhoea, nausea, stomach cramps, loss of appetite, fatigue, and dehydration.

The CDC notes that some infected people may not develop symptoms, while untreated infections can last for weeks or even months, with symptoms disappearing and returning over time.

Outbreak investigation

The US Food and Drug Administration (FDA) has linked part of the outbreak to iceberg lettuce supplied by Taylor Farms’ operations in central Mexico and served at Taco Bell restaurants.

The affected lettuce has since been recalled.

However, investigators believe the contaminated lettuce does not explain all reported infections and are examining whether other food sources may also be responsible.

Epidemiologists suspect that more than one outbreak may be occurring simultaneously.

READ ALSO: Mendicants, Social Parasites, and Our Rights As Human Beings, By Ifeanyi Uddin

Public health experts told Reuters that recent staffing and funding cuts across US health agencies may have slowed efforts to investigate and contain the outbreak.

Paul Bollyky, an infectious disease expert at Stanford Medicine, was quoted to have said that “Cyclospora is harder to track than many foodborne pathogens because, unlike bacteria, it cannot be grown ⁠in the lab or easily genome-mapped to trace an outbreak.”

Mr Bollyky warned that reduced staffing in public health departments could make outbreaks more difficult to investigate and control.

He said the scale of the outbreak raises broader questions about the safety of the US food supply.

“Anytime you have over 10,000 people infected with a foodborne pathogen, you do have to wonder whether this is a canary in the coal mine.”


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