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Top related persons:
Brendan McDermid - 1 Irma Olguin Jr - 1 Jake Soberal - 1 Bitwise - 1 Olguin - 1 Chris Prentice - 1 Nate Raymond - 1 Daniel Wallis - 1
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Bitwise Asset - 1 New York Stock Exchange - 1 REUTERS - 1 Industries - 1 Securities and Exchange Commission - 1 Eastern - 1 U.S . Securities - 1 Exchange Commission - 1

Search resuls for: "Jake Soberal"


2 mentions found


☆ US authorities charge Bitwise co-founders for fraud scheme
  + stars: | 2023-11-09 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com   time to read: +1 min
The company logo for Bitwise Asset Management is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 9 (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. Bitwise filed for bankruptcy protection in June. Hundreds of BitWise employees lost their jobs in May 2023 when the scheme was exposed, according to the U.S. Securities and Exchange Commission, which filed civil charges against the co-CEOs on Thursday in federal court in California. Reporting by Chris Prentice; Additional reporting by Nate Raymond; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Irma Olguin Jr, Jake Soberal, Bitwise, Olguin, Chris Prentice, Nate Raymond, Daniel Wallis Organizations: Bitwise Asset, New York Stock Exchange, REUTERS, Industries, Securities and Exchange Commission, Eastern, U.S . Securities, Exchange Commission, SEC, Thomson Locations: New York City, U.S, Eastern District, California
☆ Tech service startup Bitwise Industries raises $80 mln in latest funding round
  + stars: | 2023-02-28 | by ( Krystal Hu | ) www.reuters.com   time to read: +2 min
Feb 28 (Reuters) - Bitwise Industries, a tech service provider that trains workers in underrepresented communities, has raised $80 million in a funding round led by existing investors Kapor Center and Motley Fool, the company told Reuters. Goldman Sachs Asset Management (GS.N) and Citibank (C.N) also participated in the round, which brought its total funding to $180 million. Founded in Fresno, California by Irma Olguin Jr and Jake Soberal, Bitwise invests in tech real estate, runs apprentice programs for marginalized communities and sells managed tech services to government and traditional businesses. The company said it supported the training of over 10,000 individuals, 80% of whom have received technical employment. The training program, supported by government workforce upskill funding and tech corporate funding, usually takes about 12-18 months to complete.
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