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Former Bitwise CEOs Receive Stiff Federal Prison Sentences

The former CEOs of Bitwise Industries learned their fate for defrauding tech investors $115 million on Tuesday morning at the downtown Fresn...

Former Bitwise CEOs Receive Stiff Federal Prison Sentences

The former CEOs of Bitwise Industries learned their fate for defrauding tech investors $115 million on Tuesday morning at the downtown Fresn...

/ 3 months ago

What Is Justice in the Bitwise Case? 5 Years or 12 Years in Prison for CEOs?

Tuesday, Dec. 17, 2024, update with prison sentences for Jake Soberal and Irma Olguin Jr. at this link Original story The criminal former CE...

/ 3 months ago

Former Bitwise Employees Settle for $20 Million: Fresno Attorney

Nearly 18 months after Bitwise Industries went out of business, its former employees settled with the remnants of the company for $20 millio...

/ 4 months ago

Did Bitwise’s Soberal Apologize? Attorneys Ask For Sentencing Delay

Jake Soberal, the former Bitwise Industries co-CEO awaiting sentencing for fraud, apparently sent an apology email to at least one victim. M...

/ 5 months ago

Bitwise Settling With Employees for $20 Million. How Much Will Each Get?

It could be a happy holiday for nearly 700 former Bitwise Industries employees. The bankrupt company preliminarily has settled a class actio...

/ 7 months ago

Who Is First in Line to Get $115 Million Restitution From Former Bitwise CEOs?

As part of their guilty plea agreement to wire fraud, the former CEOs of Bitwise Industries agreed to pay up to $115 million restitution to ...

/ 8 months ago

Community Reacts to Social Media Apology From Guilty Bitwise CEOs

The criminally guilty former CEOs of Bitwise Industries have admitted to former employees they may never receive money owed to them. And the...

/ 8 months ago

I Am a Former Bitwiser and This Is My Story

It felt like Disneyland had moved to Fresno, but something was always a little off. At Bitwise Industries, we were pampered. Free drinks at ...

/ 8 months ago

Stacks of Lies and Fake Documents: Prosecutors Detail the Fraud Hatched by Bitwise’s Guilty CEOs

After the former CEOs of Bitwise Industries entered guilty pleas to wire fraud and conspiracy on Wednesday morning at Fresno’s federal...

/ 8 months ago

Former Bitwise CEOs Answer ‘Guilty’ to Fraud Charges in Federal Court

The former CEOs of Bitwise Industries, accused of wire fraud and conspiracy in a $115 million scam that toppled the company, entered guilty ...

/ 8 months ago

3 hours ago

Fresno State Alum Davante Adams Returns to California, Signs with Rams

The aftermath of the Palisades fire, in Malibu, Calif., Jan. 17, 2025. Residents of parts of Los Angeles County on Sunday afternoon felt a minor earthquake centered west of Malibu, Calif. and preliminary estimates showed that the quake had a magnitude of 4.1, according to the U.S. Geological Survey. (Mark Abramson/The New York Times)
3 hours ago

Small Earthquake Rattles Southern California

A "Justice for HINU” sign rests at the base of a statue on the lawn at the entrance of Haskell Indian Nations University in Lawrence, Kansas, Feb. 25, 2025. A group of Native American tribes and students is suing the Trump administration to reverse its recent firing of federal workers at Native schools that they said has severely lowered their quality of education. (Chase Castor/The New York Times)
3 hours ago

Tribes and Students Sue Trump Administration Over Firings at Native Schools

First responders work the scene after a plane crashed in the parking lot of a retirement community in Manheim Township, Pa., Sunday, March 9, 2025. (Logan Gehman/LNP/LancasterOnline via AP)
4 hours ago

A Single-Engine Plane Crashes Near a Pennsylvania Airport. All 5 Aboard Are Taken to Hospitals.

The White House in Washington, Feb. 6, 2025. The Secret Service shot a man near the White House early Sunday around midnight on Saturday after an “armed confrontation” with law enforcement officers, the agency said in a statement. (Eric Lee/The New York Times)
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Secret Service Shoots Armed Man Near the White House

Philadelphia Eagles linebacker Josh Sweat (19) reacts after sacking Kansas City Chiefs quarterback Patrick Mahomes during the first half of the NFL Super Bowl 59 football game, Sunday, Feb. 9, 2025, in New Orleans. (AP/Matt Slocum)
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Super Bowl Stars Josh Sweat and Milton Williams Headline a List of NFL Free Agents

Student negotiator Mahmoud Khalil is on the Columbia University campus in New York at a pro-Palestinian protest encampment on April 29, 2024. (AP File)
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ICE Arrests Palestinian Activist Who Helped Lead Columbia University Protests

Liberal Party of Canada leadership candidate Mark Carney delivers a speech as he's introduced during the Liberal leadership announcement in Ottawa, Ontario, Sunday, March 9, 2025. (Sean Kilpatrick/The Canadian Press via AP)
4 hours ago

Ex-Central Banker Mark Carney to Become Canada’s Next Prime Minister

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