A climate change finance company that was backed by big name celebrities has filed for bankruptcy. The bankruptcy follows the arrest of the company’s co-founder for allegedly attempting to defraud investors of $145 million.
Aspiration Inc., now known as CTN Holdings Inc., is a company that originally started as a sustainability focused financial services firm.
Ibrahim Ameen AlHusseini – also a prolific donor to Democrat causes who served on Aspiration’s board of directors — allegedly participated in the scheme to defraud investors.
Aspiration is a self-described “climate-friendly banking alternative that’s good for your wallet and the planet.”
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“When it comes to climate change, your money is power,” the Aspiration website reads. “You can feel good knowing that your deposits will not fund fossil fuel exploration or production.
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