Bitwise lender receives prison sentence of 3 years, 5 months

Bitwise loan scheme cost Connecticut man three years in prison

Man Sentenced To Over 3 Years In Federal Prison For Defrauding Bitwise Investors

FRESNO, Calif. (KMJ/KFSN) — A 31-year-old man is headed to prison after admitting to defrauding investors with loans made to the failed Fresno-based startup company Bitwise.  Andrew Adler was sentenced in Federal court this morning in downtown Fresno after pleading guilty in February to conspiracy to commit wire fraud.  Adler was ordered to spend just over three years (41 months) in prison.  He and his business partner, David Hardcastle, were ac…

Bitwise lender receives prison sentence of 3 years, 5 months

A Connecticut man was sentenced Monday to three years and five months in prison after pleading guilty in February to conspiring to commit wire fraud in the case of former Fresno-based business startup Bitwise Industries.

Greenwich Man Sentenced for Defrauding Investors in Loans Made to Failed Fresno Company, Bitwise Industries

Andrew Adler, 31, of Greenwich, Connecticut, was sentenced to three years and five months in prison for defrauding investors in loans made to the failed Fresno-based startup Bitwise Industries. He was ordered to pay $9.3 million in restitution jointly and severally with the Bitwise defendants and to forfeit another $1 million.

Connecticut man sentenced to prison for defrauding Bitwise investors

A hard money lender has been sentenced to over three years in prison for defrauding investors out of $20 million in connection with Bitwise Industries.  The big picture: U.S. District Judge Jennifer Thurston sentenced Andrew Adler, 31, to three years and five months in prison for defrauding investors in loans made to Bitwise.  Along with the time behind bars, Thurston ordered Adler to pay $9.3 million in restitution and to forfeit another $1 mi…

Clovis CPA Sentenced to Prison for $800K Bank Fraud Scheme

A former Clovis man was sentenced to one year in prison for stealing more than $800,000 from a bank through a payroll fraud scheme, federal prosecutors announced Monday. Kenneth Gould, 69, was sentenced after pleading guilty to initiating fraudulent electronic payments from a client’s account to his own payroll services company, according to Acting U.S. Attorney Michele Beckwith. Prosecutors said that between October 2017 and March 2018, Gould e…