FRESNO, Calif. (KSEE/KGPE) – The disgraced founders of Bitwise Industries, Jake Soberal and Irma Olguin Jr., were sentenced on Tuesday following the fall of a “house of cards” that ...

Olguin and Soberal co-founded Bitwise Industries in 2013, with Soberal as CEO and Olguin as chief technology officer. Olguin was promoted to co-CEO with Soberal in 2016. It was a position in which ...

FRESNO, Calif. (KSEE/KGPE) – The former co-CEOs of the now defunct Bitwise Industries, Jake Soberal and Irma Olguin Jr., were sentenced to years behind bars in federal court in Fresno on Tuesday.

Inside a standing-room-only courtroom, former Bitwise investor Flavia Takahashi-Flores felt a sense of justice when a judge sentenced the company’s co-founders Jake Soberal and Irma Olguin Jr ...

Bitwise collapsed in May 2023, forcing 900 people out of work and triggering a wave of revelations that Soberal and Olguin had created a web of lies to defraud people of more than $115 million.

A federal grand injury indicted a Fresno man for allegedly defrauding investors via hard money loans to failed Bitwise ...

Jake Soberal and Irma Olguin Jr., the disgraced co-founders and co-CEOs of Bitwise Industries, were sentenced Tuesday to federal prison for their roles in masterminding a fraud scheme that bilked ...

Bitwise did not repay the loans before collapsing. As a result, the investors in the loans lost nearly all of their money.

Two more people connected with Bitwise Industries have been charged by federal prosecutors a month and a half after the ...

A Fresno man has been charged with fraud in connection to the collapse of Bitwise. The charges come less than two months ...