A Fresno man has pleaded guilty to defrauding investors of about $45 million with loans made to the failed Fresno-based startup company -- Bitwise.
The Bitwise co-founders pleaded guilty to two federal charges in court Wednesday morning.
The founders of Fresno's failed Bitwise Industries will each plead guilty to wire fraud.
Jake Soberal and Irma Olguin Jr., the founders of Bitwise Industries, have reached a plea agreement with the Department of Justice ahead of their next court date.
The once buzzing Bitwise Industries is now physically gone across Fresno.
Hundreds of former Bitwise employees can now gain access to some of their 401(k) contributions.