Founders of failed Bitwise Industries pleading guilty to wire fraud

FRESNO, Calif. (KFSN) -- The founders of Fresno's failed Bitwise Industries volition each plead blameworthy to ligament fraud.

EDITOR'S NOTE: The video supra is from a erstwhile broadcast and volition beryllium updated.

Jake Soberal and Irma Olguin Jr. reached a plea woody with national prosecutors earlier this month, but the details are conscionable present becoming public.

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In documents filed with the court, prosecutors accidental Soberal and Olguin volition plead blameworthy to 2 charges and wage up to $115 cardinal successful restitution.

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

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