Cases / Investment funds & advisory
Bitwise Industries Inc
Jake Soberal, Irma Olguin Jr.
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Bitwise Industries Inc
- Industry
- Technology services startup (private company fundraising)
- How investors were recruited
- About 20 Series B-2 investors - individuals, institutional and venture investors including social impact funds - solicited by the co-CEOs through calls, texts, emails, video conferences and in-person meetings
- Pitch & red flags
- Allegedly gave investors falsified bank records and a fake audit report; presented the company as "a healthy, growing business" while it faced constant cash shortages.
Pitch phrases from this case
Source
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