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The Sun’s home for business news in the Central Valley.
Lawsuit: Bitwise Industries’ loan scramble was part of “Ponzi scheme”
Hard money lenders who dealt $1.5 million to Bitwise Industries had to route their funds to the firm's subsidiary bagel company.
June 13, 2023
Tech entrepreneur files lawsuit claiming Bitwise Industries stole his company
Bitwise Industries took one entrepreneur on a wild ride that saw the tech business acquire his firm, then fire him from it, a lawsuit claims.
June 12, 2023
Fresno lender sues Bitwise, Soberal over fraudulent loan solicitation
The head of a local marketing firm alleges the failing tech firm and its ousted co-CEO defrauded him of a six figure sum via loan.
June 12, 2023
Ousted Bitwise CEO Soberal flips rental home acquired amid frantic collapse
The co-founder and ousted CEO of Bitwise Industries listed his second home for sale on the same day his firing was announced by the company.
June 8, 2023
Furloughed Bitwise employees file class action lawsuit against failed company
The lawsuit alleges, among other things, that Bitwise's misled employees regarding their furlough to avoid personal liability for failing to follow labor laws.
June 7, 2023
Who owned Bitwise Industries before its collapse? Here’s a look at the ownership roster, numbers.
Big banks, Valley farmers, hedge funders, and tech savants held shares in Bitwise Industries before its collapse.
June 10, 2023
What crime? Calif. advances bill barring retailers from confronting thieves.
Retailers are fuming over a bill that would likely invite greater theft.
June 7, 2023
Apple rolls out new VR tech at developer conference
The tech firm is betting big on virtual reality hardware with a hefty pricetag.
June 6, 2023
Supreme Court rejects oil-led challenge to Calif. drilling rules
A Golden State ban on off-shore fracking will stand.
June 6, 2023
Blowing smoke? Fresno projects jarring boom in cannabis sales.
Fresno's cannabis tax revenue has become an early sticking point in the city's budget negotiations.
June 5, 2023