Ballmer Burned by Green Firm, Loses $60M

Clippers owner Steve Baumer just dropped a bombshell on social media, admitting he got

played by aspiration, a so-called green finance firm.

The billionaire lost around $60 million in investments after believing their eco-friendly

pitch matched his passion for sustainability.

He poured in 50 million bucks back in September, 2021.

Then another 10 million in March, 2023, plus they inked, A.

sponsorship deal worth over $300 million for the new Intuadome.

Baumer even bought carbon credits and trees through them to offset emissions from the Clippers

Arena and fans.

Now the NBA sniffing around after reports that Baumer and the team might have used aspiration

to sneak payments to star Kawaii Leonard, dodging salary.

Cap rules with a shady $28 million endorsement that required zero work from him.

Baumer fired back with a letter to the judge ahead of aspiration founder Joe Sandberg's

sentencing Monday.

His lawyer claimed Sandberg faked financials, scored 145 million in bogus bank loans, and

targeted Baumer's philanthropy to hook.

Him leading straight to the company's bankruptcy.

This saga's got everyone watching how it shakes out for the league probe in Baumer's

rep, but he's owning the lesson on vetting green dreams before, dropping that kind of

cash.

This has been California News Today powered by AI, I'm Corey with the story.