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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 courthouse, the Department of Justice issued a news release outlining key elements of their $115 million fraud scheme. In a nutshell, Bitwise was a financial house of cards and...

House Oversight Panel Subpoenas Secret Service Director to Testify on Trump Assassination Attempt

WASHINGTON — Rep. James Comer, the Republican chairman of the House Oversight and Accountability Committee, has issued a subpoena to Secret Service Director Kimberly Cheatle compelling her to appear before the committee on Monday for what is scheduled to be the first congressional hearing into the attempted assassination of former...

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 pleas on Wednesday morning. Federal prosecutors said Jake Soberal and Irma Olguin Jr. altered financial documents, lied, and cheated investors to keep the company afloat. They told...

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