Jail sentence for Bitwise's Jake Soberal and Irma Olguin Jr.

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FRESNO, Calif. (KSEE/KGPE) - The erstwhile co-CEOs of the present defunct Bitwise Industries, Jake Soberal and Irma Olguin Jr., were sentenced to years down bars successful national tribunal successful Fresno connected Tuesday.

Jake Soberal and Irma Olguin Jr. changed their pleas to blameworthy successful July, successful effect to the charges of ligament fraud and conspiracy to perpetrate ligament fraud - agreeing to a woody with national prosecutors.

Former Bitwise CEOs alteration plea to guilty: each you request to know

On Tuesday, Jake Soberal was sentenced to 11 years down bars; Irma Olguin Jr. was sentenced to 9 years successful jail. Both volition besides person 3 years of supervised release.

Soberal and Olguin volition besides beryllium required to forfeit each assets to screen astatine slightest immoderate of the restitution costs.

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