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.

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.

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.

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 ...

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 ...

In 2012 Olguin met with Jake Soberal — a Mexican-American of mixed heritage who grew up in a wealthier part of the Central Valley — who had been working a standard career in intellectual ...

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

Two more people connected with Bitwise Industries have been charged by federal prosecutors a month and a half after the Fresno-based company's founders were sentenced to prison. Acting U.S. Attorney ...

They also forged the signature of Bitwise’s Co-CEO, Jake Soberal, on the altered documents. This made the loans appear less risky and therefore more appealing to the investors,” according to ...