Ballmer Burned by Green Firm, Loses $60M

0:00Clippers 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

1:04targeted 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.