What is the aspiration, company behind Kavhi Leonard?

La’s owner La Clippers Steve Ballmer and team are in the NBA investigation after the report that Kavhi Leonard allegedly accepted $ 28 million from a company called aspiration as a way to circumvent the league salary.

Ballmer, which previously invested $ 50 million, denied that he knew the contract or that he instructed him to strike him.

Here’s what we know about the present aspiration in the center of charges.

What was the aspiration and who were her founders?

Harvard Alumni Joe Sanberg, Entrepreneur and Andrei Cherni, a lawyer who worked as a speaker for the administration of Clinton, co-apparious aspiration partners in 2013. years. The company’s mission was to provide “socially aware and sustainable banking services and investment products”, according to their archived website “.

Sanberg served on the aspiration committee and held about 30% of his actions since September 2021. years, according to court applicants. He was also an early investor in the drivers, including Blue Pregala. Cherni was the chief executive director of aspiration for almost decades.

What was the business model of aspiration?

Imagine aspiring as a digital bank, but environmentally conscious. According to her website, the company claimed that unlike other banks, because customer deposits “never finance fossil fuel projects such as pipelines, petroleum meat and coal and carbohy mine”.

Company products included savings accounts and debit cards with cash back from the selected number of companies that “did the right thing”, plus the option to plant wood with each purchase. The company also offered access to investment funds that are “100% fossil fuels free.”

Who were in aspiration a big name in aspiration?

American securities and exchange commissions show that the aspiration drew the lower legs, including Robert Downei Jr., Orlando Bloom, Leonardo Dicaprio, and Cinda Crawford and her daughter, her daughter, Kaia Gerber.

Their corporate partners include Likes Meta, Microsoft and at the end La Clippers.

How are Ballmer, Leonard and La Clippers associated with aspiration?

Last week, Podcaster and journalist Pablo Torre exportSpecifying internal documents, that Ballmer invested $ 50 million aspiration through his personal LLC 14. September 2021. years. Ballmer, one of the richest owners in sports and philanthropists, contributes to climatic initiatives.

Also in September 2021. year, La Clippers signed a $ 300 million agreement aspiration, making the company “first basic partner” Intuit Dome. Multi-year partnership included a “planet protection fund”, which would allow fans to “compensate for its carbon impact whenever they buy a map to list on the marbles”, according to a statement about partnership at the time.

“Aspiration becomes our first basic partner supports the stake he planted in the ground to become the intuit of the most sustainable Arena in the world,” Ballmer said in the statement.

To an interview With ESPN’s Shelburna Ramon last week, Ballmer said that the pursuit asked him to present him Leonard, who said that happened in November 2021. years.

According to Torrean, Leonard agreed to four-year, 28 million approvals since his LLC KL2 Aspire in April 2022. years, nine months after he was signed with sliders. An unnamed employee who allegedly worked for tending said Torra that payment was Leonarda “whether bypassing the cap of salary.”

This week Torre, stating more documents, reported to the piston of minority owner Dennis Wong also invested Almost $ 2 million aspiration through Personal LLC 2022 years, nine days before the company paid 1.75 million dollars.

According to the report in Athleten, which is listed by the legal documents, Balmer invested an additional $ 10 million in March 2023. in the field of financing, which included other investors of the previous company.

How doesn’t the NBA react?

The NBA explores whether Ballmer and Clippers broke the league rules. Trusteder Adam Silver, speech At His Annual News Conference at the Conclusion of the League’s Board of Governors Meetings in New York This Week, Said That The “Burden is on the League” to take the League Needs to look “at the Totality of the evidence” Rather than just “measures of Appearance.”

“In the way those words read, I think I will really behave in public. Also, I would like to be completely false. Leonard is treated for the same way in the same way I would like to To treat me if people gave allegations against me. “

Sources have shown ESPN that although there will be a fundamental investigation by the New York Based on New York Vachtell, Lipton, Rosen and Katz, there is no set deadline for conclusion.

What happened to aspiration?

Cherni, co-founder and executive director, deviated company 2022. Years in statement Published on your X account on Friday, Cherni said that Leonard’s contract was not a “non-emission” agreement and had “three pages of extensive obligations”. He said that the contract signed 2022. After “numerous internal talks about various things, she planned to do with Leonard”.

“I can’t talk to what was done or didn’t do after I went – or why,” Cherney said in the statement.

When he contacted ESPN Friday, Cherni said he no longer commented outside the statement.

Aspiration submitted for bankruptcy in March, with a logged in $ 170 million. When he filed for a bankruptcy, the company said he owed a $ 30 million margin, which is most of all his creditors. The aspiration said that at that time he owed Leonard’s LLC $ 7 million.

Last month, co-founder of Sanberg aspiration pleaded guilty on two points of growing wires. Federal prosecutors said Sanberg cheated investors and lenders of $ 248 million, forged loans, counterfeit banking and indirect statements and hiding that he was a source of a revenue that has booked a company.

Each of the charges bear the maximum sentence of 20 years in prison.

Ballmer told the ESPN that “shame” was not revealed to problems in reviewing the financial statements of aspirations and business plans.

“It was the guys who committed the scam. Look, they tied me. They accepted me,” he said. “I’m investing in this guys thinking it’s up and enrolled in this phase. I have no ability to predict why they may have done everything they did, let alone a specific contract with Kavhi.”