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

Steve Ballmer, a prominent investor, wrote a scathing letter about Joseph Sanberg, a founder he backed who pleaded guilty to fraud. Ballmer claims to have been misled and feels foolish for his investment. This incident highlights the risks involved in backing potentially fraudulent entrepreneurs. As an investor, it's crucial to conduct thorough due diligence and stay vigilant. Ballmer's letter serves as a cautionary tale for investors.