Bitwise & Betrayal: Inside the fraud scandal that shook Fresno
Tim Sheehan and Robert Rodriguez
4 episodes
9 months ago
It began in 2013 as a promising effort to train and develop a technology community in Fresno. A decade later, the collapse of Bitwise Industries stunned the city, with employees left without paychecks, investors and lenders owed tens of millions of dollars, and the company’s founders facing federal fraud charges.
Bitwise Podcast coming December 18, 2024.
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It began in 2013 as a promising effort to train and develop a technology community in Fresno. A decade later, the collapse of Bitwise Industries stunned the city, with employees left without paychecks, investors and lenders owed tens of millions of dollars, and the company’s founders facing federal fraud charges.
Bitwise Podcast coming December 18, 2024.
Episode 3: Behind the Bitwise meltdown: Truth and consequences
Bitwise & Betrayal: Inside the fraud scandal that shook Fresno
28 minutes
10 months ago
Episode 3: Behind the Bitwise meltdown: Truth and consequences
In May 2023, 10 years after Jake Soberal and Irma Olguin Jr. founded Bitwise Industries in Fresno, California, the once promising company collapsed amid an abrupt financial meltdown. About 900 workers in California and the U.S. lost their jobs without warning, investors and lenders lost tens of millions of dollars, Bitwise filed for bankruptcy, and the co-founders were charged and ultimately convicted of fraud. In this episode, hear about the company’s demise and the continuing fallout.
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Bitwise & Betrayal: Inside the fraud scandal that shook Fresno
It began in 2013 as a promising effort to train and develop a technology community in Fresno. A decade later, the collapse of Bitwise Industries stunned the city, with employees left without paychecks, investors and lenders owed tens of millions of dollars, and the company’s founders facing federal fraud charges.
Bitwise Podcast coming December 18, 2024.
