3 days ago · FRESNO, Calif. — A federal grand jury returned a six-count indictment on Jan. 30, 2025, that charged David Hardcastle, 61, of Fresno, with conspiracy to commit wire fraud and substantive wire fraud for defrauding investors in loans made to the failed Fresno-based startup company Bitwise Industries, Acting U.S. Attorney Michele Beckwith announced today.

3 days ago · A federal grand injury indicted a Fresno man for allegedly defrauding investors via $20 million in hard money loans to the failed tech startup Bitwise Industries. The grand jury charged David Hardcastle, 61, with six counts involving conspiracy to commit wire fraud and substantive wire fraud.

2 days ago · FRESNO, Calif. (WTVG) – David Hardcastle, 61, of Fresno, has been charged with six counts of fraud following the collapse of Bitwise, a tech company that went under in May 2023. The indictment comes less than two months after the founders and former co-CEOs of Bitwise, Jake Soberal and Irma Olguin Jr., were sentenced to prison.

David Hardcastle, 61, of Fresno, is charged with six counts, including conspiracy to commit wire fraud and substantive wire fraud for defrauding investors in loans made to Bitwise.

2 days ago · The big picture: A federal grand jury indicted David Hardcastle, 61, with six counts of fraud, acting U.S. Attorney Michele Beckwith announced on Monday. Hardcastle was charged with conspiracy to commit wire fraud and substantive wire fraud for defrauding investors in loans made to Bitwise. Hardcastle was arrested on Monday by federal authorities.

2 days ago · They're accused of swindling investors with loans made to the failed Fresno-based startup company, Bitwise. 61-year-old David Hardcastle of Fresno and 31-year-old Andrew Adler of Connecticut are ...

3 days ago · FRESNO, Calif. (FOX26) — Two hard money lenders have been charged for defrauding investors in loans made to the failed Bitwise Industries company in Fresno, Acting U.S. Attorney Michele Beckwith announced. A federal grand jury indicted 61-year-old David Hardcastle of Fresno on charges of conspiracy to commit wire fraud and substantive wire fraud.

4 days ago · Court documents reveal that between December 2022 and May 2023, Hardcastle and Adler provided approximately $20 million in loans to Bitwise Industries through their company Startop Investments LLC.

Between December 2022 and May 2023, the DOJ says 61-year-old David Hardcastle, of Fresno and 31-year-old Andrew Adler, of Greenwich, Connecticut, gave approximately $20 million in hard money loans ...

3 days ago · 61-year-old David Hardcastle of Fresno and 31-year-old Andrew Adler of Connecticut are accused of luring investors and giving Bitwise $20 million in loans. In doing so, they allegedly altered the original loan documents and forged the signature of Bitwise Co-CEO, Jake Soberal, to make the loans appear less risky.