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.

But now, technology entrepreneurs Jake Soberal and Irma Olguin Jr. face federal criminal and civil accusations of fraud related to the sudden financial collapse of their company—the latest in a ...

Both Jake Soberal and Irma Olguin Jr. will remain out of custody on supervised release. Their guilty plea was made in front of a packed courtroom of family and many former Bitwise employees.

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

Jake Soberal and Irma Olguin Jr. — the once-celebrated entrepreneurs behind the Fresno-based technology company — received their sentences before U.S. District Senior Judge John C. Coughenour.

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 ...

David Hardcastle of Fresno and Andrew Adler of Connecticut are accused of luring investors and giving Bitwise $20 million in ...

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

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 ...