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Bitwise Industries was an American company focused on computer programming instruction, technology sales, and real estate operations. Founded in 2013 by Irma Olguin Jr. and Jake Soberal in Fresno , the company grew to have campuses in additional cities before furloughing its workforce and terminating the co-CEOs in June 2023.
The company operates from an office in Bengaluru’s Ibbaluru, Bellandur area. [4] [8] In August 2023, it was announced Navi Group had sold Chaitanya Microfinance to the Mumbai-headquartered microfinance company, Svatantra Microfin for $178.5 million.[30] On 12 March 2022 Navi filed a draft for an INR 3350 crore IPO. [9]
Bitwise co-founders Irma Olguin Jr. and Jake Soberal told the FBI that they forged bank statements, misled investors and inflated company revenues as they tried to salvage their startup company.
If convicted, authorities reported that Jake Soberal and Irma Olguin could each face a maximum penalty of 20 years in prison and a $250,000 fine, depending on what a judge ultimately determines.
As the fallout continued from the financial demise of Fresno-based Bitwise Industries, its parent company BW Industries Inc. was just one of five related entities to file for ... BWRD LLC: Total ...
The high-profile Fresno company that once championed itself as a hub for technology education and innovation collapsed on May 29, 2023, after going broke. About 900 people lost their jobs.
Bitwise co-founders Irma Olguin Jr. and Jake Soberal walk out of the Robert E. Coyle Federal Courthouse in Fresno where they plead guilty to wire fraud charges and agreed to pay millions in ...
DocStar was formerly known as BitWise Designs Inc. and was founded in 1985, by Rensselaer Polytechnic Institute students John Botti and Ira Whitman. In 1992, BitWise began public trading under the stock symbol BTWS. In 1994, the document imaging division of BitWise was founded as DocStar.