BREAKING: Bitwise founders charged for $100 million fraud scheme, $250,000 fine and facing 20 years
![BREAKING: Bitwise founders charged for $100 million fraud scheme, $250,000 fine and facing 20 years](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/20d4cf4e65343634d73b51d345e10942.jpg)
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Description
FRESNO, Calif. — Irma Olguin, Jr. and Jake Soberal, the founders and leaders of the failed Fresno-based technology company Bitwise, self-surrendered today on a federal complaint charging them with conspiring...
show moreOlguin, Jr., 42, and Soberal, 37, made their initial appearances at the Robert E. Coyle Federal Courthouse in Fresno today at 2:00 p.m. before United States Magistrate Judge Sheila K. Oberto--they both plead not guilty to all charges. The two Bitwise co-founder-defendants are to return to the courtroom for a preliminary hearing Jan. 25. According to KVPR, they were allowed to walk out of the courtroom; Olguin Jr. made bond using her mother’s home and Soberal’s family residence was also used as his bond.
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