Jul 17, 2024 · Fresno, CA — Irma Olguin, Jr. and Jake Soberal, the founders and leaders of the failed Fresno-based start-up company, Bitwise Industries (“Bitwise”), pleaded guilty today to one count of conspiring to commit wire fraud and one count of wire fraud, United States Attorney Phillip A. Talbert announced.

Dec 17, 2024 · FRESNO, Calif. —Jake Soberal, 38, and Irma Olguin, Jr., 44, the founders and leaders of the failed Fresno-based start-up company, Bitwise Industries (“Bitwise”), were sentenced to 11 years and 9 years in prison, respectively, for defrauding people out of approximately $115,000,000, United States Attorney Phillip A. Talbert announced today.

Jun 28, 2023 · Employees of Fresno-based Bitwise Industries were officially laid off on June 14 following weeks of uncertainty after financial issues within the company came to light.

Jun 14, 2023 · Fresno-based Bitwise Industries sold a powerful dream to cities across the Central Valley — places that had been left behind in the digital transformation of the economy.

Nov 9, 2023 · FRESNO, Calif. — Irma Olguin Jr. and Jake Soberal, the founders and leaders of the failed Fresno-based technology company Bitwise Industries, self-surrendered today on a federal complaint charging them with conspiring to commit wire fraud and taking more than $100 million from various businesses and individuals, U.S. Attorney Phillip A ...

Jul 17, 2024 · From founding Bitwise Industries and giving Fresno hope for technology and training, an 11-year path led to Soberal, Olguin Jr. pleading guilty to federal fraud charges.

Jul 17, 2024 · Jake Soberal and Irma Olguin Jr. — co-founders of Bitwise Industries — pleaded guilty to wire fraud charges Wednesday in federal court as nearly 50 friends and family …

Dec 17, 2024 · The founders of Bitwise Industries, the largest startup to come out of the Central Valley before the company collapsed last year, were sentenced Tuesday to a combined 20 years in prison for wire...

Bitwise Industries was an American company focused on computer programming instruction, technology sales, and real estate operations. Founded in 2013 by Irma Olguin Jr. and Jake Soberal in Fresno, the company grew to have campuses in additional cities before furloughing its workforce and terminating the co-CEOs in June 2023.

Jul 17, 2024 · FRESNO, Calif. — Irma Olguin, Jr., 43, and Jake Soberal, 38, the founders and leaders of the failed Fresno-based start-up company, Bitwise Industries, pleaded guilty today to one count of conspiring to commit wire fraud and one count of wire fraud, United States Attorney Phillip A. Talbert announced. They admitted to defrauding investors ...