With federal prisons awarding good behavior credits, how much time might two ex-Bitwise CEOs see their sentences reduced?

Bitwise co-founders Irma Olguin Jr. and Jake Soberal walk out of the Robert E. Coyle Federal Courthouse in Fresno, where they pleaded guilty to wire fraud charges and agreed to pay millions in ...

Convicted Bitwises swindler Jake Soberal and Irma Olguin Jr. enter federal prison system as inmates 86356-510 and 86354-510, respectively.

FRESNO, Calif. (KFSN) -- The co-founders of the failed tech company Bitwise are to report to federal prison. Jake Soberal will spend 11 years in prison, while Irma Olguin Jr. will serve nine years.

FRESNO, Calif. (KSEE/KGPE) – Bitwise former co-CEOs have reported to federal prisons to serve their sentences following the former Fresno’s tech-based company fraud, according to the U.S ...

Federal prosecutors had pushed for 12 years in prison for both of them. Driving the news: Bitwise, the one-time tech darling of Fresno that was more so a real estate company, collapsed in May 2023, ...

Paul Dictos, the Fresno County Assessor/Recorder, saw the warning signs about Bitwise well before the company’s collapse. “When I read the audit reports and documents filed with my office, I noticed ...

According to court records, between December 2022 and May 2023, Adler and his business partner, David Hardcastle, 61, of Fresno, gave Bitwise approximately $20 million in hard money loans through ...