Make money doing the work you believe in

πŸ’° Ibrahim AlHusseini was arrested in October 2024 accused of securities fraud.

πŸ’° An investment firm called Clover Private Credit Opportunities allegedly lost $150 million.Β 

πŸ’° AlHusseini allegedly pocketed $12 million.

πŸ’° AlHusseini is a donor to the Democrat Party.Β 

πŸ’° He was on the board of Rainforest Action Network and CodePink.

πŸ’° He was also on the board of Aspiration - a finance company that claimed to be green and clean.

πŸ’° What went wrong?

πŸ’° Aspiration set up a series of what Bloomberg describes as "dubious deals".Β 

πŸ’° Aspiration claimed to have planted 101 million trees.

πŸ’° Eden Reforestation is now suing Aspiration for millions of dollars in unpaid expenses.

πŸ’° Aspiration is also under investigation by the CFTC about the quality of its carbon offsets.

The unravelling of Aspiration and the arrest of Ibrahim AlHusseini. β€œClean rich is the new filthy rich”
Jan 15, 2025
at
9:08 AM
Relevant people

Log in or sign up

Join the most interesting and insightful discussions.