Fresno man who used Bitwise to lure investors into $45M loan scheme pleads guilty

Coyle United States Courthouse in downtown Fresno on Monday, April 20, 2026. Hardcastle is pleading guilty to defrauding ...

Second lender in Bitwise fraud cases pleads guilty

A Fresno lender pleaded guilty Monday in separate federal cases in which he and a partner were accused of defrauding investors in Bitwise Industries, the workforce development venture that made a big ...
Sierra Sun Times

Fresno Hard Money Lender Admits to $45 Million Investor Fraud in Bitwise and Voyager Pacific Capital Management Cases

Hard Money Lender Pleads Guilty to Defrauding Investors in 2 Cases involving Bitwise Industries and Voyager Pacific Capital Management Totaling $45 Million in Losses . April 22, 2 ...
The Business Journal

Fresno hard money lender pleads guilty in $45M fraud tied to Bitwise, Ponzi scheme

David Hardcastle pleaded guilty to conspiracy to commit wire fraud related to Bitwise Industries and Voyager Pacific Capital Management.
AOL

Bitwise CEOs used buildings they didn’t own as loan collateral, FBI says. How the scam worked

As Fresno-based technology company Bitwise Industries hopscotched its way across downtown Fresno and into several other California cities, the firm was apparently accumulating an array of real-estate ...
AOL

Bitwise founders plead guilty to charges they defrauded investors out of millions

In the Spotlight is a Fresno Bee series that digs into the high-profile local issues that readers care most about. Story idea? Email tips@fresnobee.com. Jake Soberal and Irma Olguin Jr. — co-founders ...
ABC30 Action News

One year later: The rise and fall of Bitwise

FRESNO, Calif. (KFSN) -- The once buzzing Bitwise Industries is now physically gone across Fresno. The buildings that once had their names, continue to stand tall, but without the tech company's name.
ABC7

Bitwise founders federally charged in $100 million fraud scheme, began months earlier

FRESNO, Calif. -- The founders and co-CEOs of failed tech company Bitwise have been charged for a $100 million fraud scheme following a federal investigation. Irma Olguin Jr. and Jake Soberal appeared ...
ABC30 Action News

Failed Bitwise Industries founders reach plea agreement, court documents show

FRESNO, Calif. (KFSN) -- A change of plea this week in the federal criminal case against the two founders of Bitwise Industries, the collapsed Fresno tech company. Court documents obtained by Action ...
Sacramento Bee

Favors, money grabs, incompetence: Bitwise emails with city of Fresno show inside reality

The former headquarters of Bitwise Industries was the Bitwise South Stadium building on Van Ness Avenue at Mono Street in downtown Fresno. CRAIG KOHLRUSS ckohlruss@fresnobee.com In the year before ...
The Fresno Bee

Bitwise CEOs used buildings they didn’t own as loan collateral, FBI says. How the scam worked

The distinctive brick facade of the 1918 State Center Warehouse & Cold Storage at 721 R Street in downtown Fresno, prior to its renovation in 2020 and 2021. The building was at the center of a 2022 ...