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Home » Bitwise founders sentenced to 11 years and 9 years in prison for $115 million fraud

Bitwise founders sentenced to 11 years and 9 years in prison for $115 million fraud

Dec. 17, 2024 — Jake Soberal and Irma Olguin, Jr., 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.  Read More