π° Ibrahim AlHusseini was arrested in October 2024 accused of securities fraud.
π° An investment firm called Clover Private Credit Opportunities allegedly lost $150 million.Β
π° AlHusseini allegedly pocketed $12 million.
π° AlHusseini is a donor to the Democrat Party.Β
π° He was on the board of Rainforest Action Network and CodePink.
π° He was also on the board of Aspiration - a finance company that claimed to be green and clean.
π° What went wrong?
π° Aspiration set up a series of what Bloomberg describes as "dubious deals".Β
π° Aspiration claimed to have planted 101 million trees.
π° Eden Reforestation is now suing Aspiration for millions of dollars in unpaid expenses.
π° Aspiration is also under investigation by the CFTC about the quality of its carbon offsets.