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532 posts
Bitwise Industries officially terminates entire workforce
Interim President Ollen Douglass delivered the bad news to the 900 employees across the nation on Wednesday.
June 14, 2023
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
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
Prima Wawona, America’s largest peach producer, is financially rotting
Four years after a private equity firm merged two of the nation's largest peach farmers into a single entity, the firm is basically worthless.
June 12, 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
DeSantis kicks off 2024 courting with Fresno Co. fundraising swing
Valley GOP donors will have an opportunity to hear from DeSantis in person as he pitches his vision for the country.
June 6, 2023
Bitwise Industries hooked lenders with word of a pending Goldman Sachs deal. It wasn’t real.
The outsized name of one of America's largest investment banks was utilized to lure more cash in recent months for the floundering tech venture.
June 5, 2023
Bitwise board fires Soberal, Olguin amid meltdown
Ollen Douglass, a member of the Bitwise Board of Directors, will take the helm of the company amid its collapse and questions of fraud.
June 2, 2023
A tax snafu led to Bitwise Industries’ unraveling. It could lead to Federal criminal charges.
Bitwise Industries' chase for high-interest, short-term loans began by breaching a contract over tax credits, new emails show.
June 2, 2023
Investor sues Bitwise alleging unauthorized sale of properties, loans
A Texas investment firm financed nearly all of the cost of five buildings owned by Bitwise. Then Bitwise officials used the properties to secure loans and list them for sale, a lawsuit reads.
May 31, 2023