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Co-Conspirator Sentenced in Fraud Involving Loans to Bitwise

A Connecticut man was sentenced Monday to more than three years in federal prison for defrauding investors in loans tied to the failed Fresn...

Co-Conspirator Sentenced in Fraud Involving Loans to Bitwise

A Connecticut man was sentenced Monday to more than three years in federal prison for defrauding investors in loans tied to the failed Fresn...
Crime

/ 5 months ago

If ex-Bitwise CEOs Behave in Prison, How Much Less Time Will They Serve?

When are eleven and nine not what they seem? It happens when computing government math. Although former Bitwise Industries CEOs Jake Sobe...
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/ 7 months ago

Where Are Convicted Bitwise CEOs Serving Their Prison Terms?

Jake Soberal and Irma Olguin Jr. have new identities — inmates 86356-510 and 86354-510, respectively. Those are the Federal Bureau of Prison...
Bitwise

/ 8 months ago

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...
Bitwise

/ 11 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...
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/ 11 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...
Bitwise

/ 12 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...
Bitwise

/ 1 year 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...
Bitwise

/ 1 year 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 ...
Bitwise

/ 1 year 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...
Bitwise

/ 1 year ago

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