Two men have been indicted on wire fraud charges. They're accused of swindling investors with loans made to the failed Fresno-based startup company, Bitwise. 61-year-old David Hardcastle of Fresno and ...

FRESNO, Calif. (KSEE/KGPE) – A Fresno man was arrested Monday in connection with the Bitwise scandal – the Department of Justice says he and his business partner defrauded investors out of ...

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 ...

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

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 ...

In doing so, they allegedly altered the original loan documents and forged the signature of Bitwise Co-CEO, Jake Soberal, to make the loans appear less risky. The business partners are also ...

Investigators say they altered loan documents to falsely reduce the interest Bitwise was obligated to pay, forging the signature of Bitwise’s Co-CEO, Jake Soberal, to make the loans appear less risky ...

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. Hardcastle and Adler ...

Copyright 2025 The Associated Press. All Rights Reserved. Mike Tyson, left, fights Jake Paul during their heavyweight boxing match, Nov. 15, 2024, in Arlington, Texas ...

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