US authorities charge Bitwise Industries co-founders for fraud scheme | Reuters

U.S. authorities on Thursday charged the co-founders of private technology startup Bitwise Industries for their roles in a $100 million fraud scheme, according to federal prosecutors and the Securities and Exchange Commission.

Irma Olguin Jr and Jake Soberal surrendered to authorities on Thursday on charges they conspired to commit wire fraud and took millions of dollars from various businesses and individuals, the U.S. attorney for the Eastern District of California said in a statement. Bitwise filed for bankruptcy protection in June.

Source: US authorities charge Bitwise Industries co-founders for fraud scheme | Reuters