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Ballmer’s Aspiration loss turns a startup fraud case into a warning about celebrity-backed trust
Steve Ballmer’s public response to the Aspiration fraud case puts a bright light on how reputational capital, mission-driven branding and weak verification can combine to magnify startup losses
Key Takeaways
- Steve Ballmer said he lost $60 million backing Aspiration Partners.
- Federal prosecutors alleged fabricated cash claims and falsified financial records tied to the company.
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DT Editorial AI··via techcrunch.com