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Bookmark or Share- Bitwise Founders Sentenced to 11 Years and 9 Years in Prison for $115 ...Bitwise Industries co-CEOs Jake Soberal and Irma Olguin, Jr. repeatedly lied to investors and lenders to keep their massive Ponzi scheme afloat, despite knowing that the business model would never generate positive revenue. The $115 million loss is significant, but the damage to the professional reputations of innocent parties and the loss of ...
- Bitwise Industries Founders Sentenced to 11 and 9 Years for $115The Fresno start-up scene was rocked by the sentencing of Bitwise Industries founders Jake Soberal and Irma Olguin, Jr., who received 11 years and 9 years in prison respectively for a scheme that ...
- Prison ahead for founders of Fresno’s Bitwise Industries | Fresno BeeJake Soberal and Irma Olguin Jr., the disgraced co-founders and co-CEOs of Bitwise Industries, were sentenced Tuesday to federal prison for their roles in masterminding a fraud scheme that bilked ...
- Bitwise Founders Sentenced to Prison for $115 Million FraudJake Soberal and Irma Olguin, Jr. the founders and leaders of failed start-up Bitwise Industries, were sentenced to 11 years and nine years in prison, respectively, for defrauding people out of approximately $115 million, the Justice Department announced Tuesday.. According to the DOJ, Olguin, Jr. and Soberal fabricated financial information for its board and for investor materials and ...
- Fresno startup founders get prison sentence for $115M fraud schemeJake Soberal, 38, was sentenced to 11 years in prison and Irma Olguin, Jr., 44, was sentenced to 9 years, after pleading guilty in July to one count of conspiring to commit wire fraud and one ...
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