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Tech company founders charged with wire fraud and misrepresentation of finances

Image of the DOJ insignia and Attorney General Merrick Garland at a podium.
Attorney General Merrick Garland. Photo: Win McNamee/Getty Images

Julie DiMauro

3 min read
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SEC and DOJ charge former co-CEOs over misleading information on company finances.

The SEC has announced charges against Jake Soberal and Irma Olguin Jr, the former co-CEOs of private technology services startup Bitwise Industries Inc, for misleading investors about the company’s finances. The charges were brought in a complaint filed in the Eastern District Court of California, Fresno Division, with a

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