Microsoft and Facebook partner company files Chapter 11 Bankruptcy after co-founder arrested on fraud charges

Aspiration Partners (CTN Holdings), a climate finance company once supported by Microsoft and Meta, sought Chapter 11 bankruptcy protection on March 30. The company plans to auction its assets 45 days after the filing to settle its debts. This development follows a significant scandal at Aspiration. Joseph Sanberg, a co-founder and the company’s largest shareholder, aged 45, was arrested on March 3.

What are the charges against Aspiration Partners’ co-founders