Steve Ballmer blasts founder he backed who pleaded guilty to fraud: ‘I was duped and feel silly’

In a candid and impassioned letter, Steve Ballmer expressed his feelings of betrayal after backing Joseph Sanberg, who recently pleaded guilty to fraud. Ballmer, a prominent investor and former Microsoft CEO, detailed the significant repercussions of Sanberg's actions on his reputation and financial standing. He conveyed a sense of disappointment, stating, “I was duped and feel silly,” while emphasizing the broader harm caused by Sanberg's misconduct. This revelation underscores the complexities of trust and accountability in the investment landscape.