Bitwise co-founders officially plead guilty to charges

FRESNO, Calif. (KFSN) -- The Bitwise co-founders pleaded blameworthy to 2 national charges successful tribunal Wednesday morning.

Action News cameras were not allowed successful the courtroom, but we were capable to drawback them connected the mode out.

A plea proceeding was held for Jake Soberal and Irma Olguin Junior.

The founders of the failed tech institution reached a woody with national prosecutors.

The 2 each pleaded blameworthy to ligament fraud.

In exchange, national prosecutors accidental they volition inquire the justice to enforce the lightest situation condemnation allowed, but the last determination is up to the judge.

Soberal and Olguin cannot alteration their plea based connected the judge's sentence.