Steve Ballmer, owner of the Los Angeles Clippers, is facing a lawsuit filed by 11 investors in Aspiration, now known as Catona. The investors allege that Ballmer utilized the company to funnel millions to NBA star Kawhi Leonard. This funding was supposedly aimed at persuading Leonard to re-sign with the Clippers, exceeding the NBA’s salary cap regulations.
Allegations of Financial Misconduct
The lawsuit claims that Ballmer was complicit in the fraudulent actions of Aspiration co-founder Joe Sanberg. The plaintiffs argue that without Ballmer’s involvement, the alleged fraudulent activities could not have continued. They assert that they would not have invested or retained their investments had they known about the true nature of Ballmer’s financial dealings.
Investor Statements
- Skip Miller, one of the plaintiffs and their attorney, stated the lawsuit aims to recover losses incurred by investors.
- Miller emphasized the seriousness of the claims, highlighting the number of affected individuals.
- The lawsuit is expected to reveal substantial information regarding Ballmer’s transactions with Aspiration and Sanberg.
Ongoing Legal Proceedings
The investors’ complaint indicates that Ballmer allegedly transferred funds to Aspiration to maintain the company’s stability. These actions reportedly aimed to secure Sanberg’s support and silence concerning the undisclosed agreement with Leonard.
Details regarding the full extent of the transactions will be clarified during the discovery phase of the legal proceedings.
