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FRESNO, Calif. (KSEE/KGPE) - Bitwise erstwhile co-CEOs person reported to national prisons to service their sentences pursuing the erstwhile Fresno's tech-based institution fraud, according to the U.S. District Court of the Eastern District of California connected Tuesday.
On Tuesday, the U.S. District Court of the Eastern District of California announced Jake Soberal and Irma Olguin Jr., CEOs of the defunct Bitwise Industries reported to national prisons aft being sentenced to ligament fraud and conspiracy to perpetrate ligament fraud.
According to national officials, Soberal volition service his condemnation of 11 years astatine Lompoc Federal Prison, portion Olguin Jr. volition service 9 years astatine the Victorville Federal Prison. Soberal volition service a longer condemnation due to the fact that helium was a licensed lawyer successful the State of California, and the justice handling this lawsuit stated that for that, helium should person known better.
The brace was sentenced connected Dec. 17, 2024.
