This page may contain stale information. Last updated: 2026-06-03
Overview
Collapsed green neobank co-founded by Joseph Sanberg and Andrei Cherny; center of $248M+ fraud prosecution.
Recent Developments
- 2026-06-02: Co-founder Joseph Sanberg sentenced to 14 years (168 months)
- Bankruptcy; consumer arm spun off as GreenFi, acquired by Coastal Financial Bank
- Sham tree-planting revenue and falsified financial statements
- Celebrity backers included Robert Downey Jr., Leonardo DiCaprio