Climate Bank Collapses After Cofounder’s Arrest
The company is also under investigation over the 'validity of its environmental impact' claims.
by Paul Sacca Apr 4, 2025 in Agriculture, News, Waste and Fraud
A climate change finance company 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. [emphasis, links added]
Aspiration Inc., now known as CTN Holdings Inc., [was originally a sustainability-focused financial services firm].
Aspiration is a self-described “climate-friendly banking alternative that’s good for your wallet and the planet.”
“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. By moving money to Aspiration, you’re giving the climate a fighting chance.”
https://climatechangedispatch.com/more-green-grift-celeb-backed-climate-bank-collapses-after-cofounders-arrest/
