The Fraudster Behind Steve Ballmer’s NBA Nightmare

The Wall Street JournalMonday, October 20, 2025 at 1:00:00 AM
The Fraudster Behind Steve Ballmer’s NBA Nightmare
The recent dealings involving Joe Sanberg and Steve Ballmer, owner of the Los Angeles Clippers, have raised serious concerns about potential fraud in the NBA. Sanberg's bank managed to persuade Ballmer to invest, but the subsequent deal with the team's star player has left many baffled, with one senior executive describing it as lacking any business sense. This situation not only jeopardizes the integrity of the Clippers but also casts a shadow over the NBA, highlighting the need for transparency and accountability in sports investments.
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