An Orange County man who co-founded the online financial services company Aspiration Partners pleaded not guilty Tuesday to conspiring to bilk investors out of $248 million, but is expected to enter a guilty plea to federal charges next week.

Joe Sanberg, 46, of Orange has agreed to plead guilty Sept. 15 in Los Angeles federal court to two counts of wire fraud, felonies that each carry a sentence of up to 20 years behind bars, according to the U.S. Attorney’s Office.

Ibrahim AlHusseini, 51, of Venice, a former Aspiration board member and investor, pleaded guilty in March to wire fraud for falsifying documents that aided in the scheme, federal prosecutors said.

Prosecutors say Sanberg and AlHusseini fraudulently obtained $145 million in loans several years ago from two lenders by pledgin

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