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 ...

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

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 ...

ORIGINAL STORY: Federal prosecutors will ask a judge on Tuesday to sentence convicted white-collar criminals Jake Soberal and Irma Olguin Jr., founders of the 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 ...

Irma’s subsequent career in technology led her to start Bitwise Industries with her co-founder, Jake Soberal. The mission of Bitwise stems from Irma’s unique personal story, experiences ...