Jake Soberal, the co-founder of Bitwise Enterprises, has been disbarred by the State Bar of California for his felony conviction of two counts of wire fraud involving millions of dollars.
Soberal, along with co-founder, Irma Olguin Jr., was charged and convicted in scheme to defraud investors out of $115 million in a failing attempt to prop up their sinking company.
Soberal was sentenced to 11 years while Olguin received nine years. Both are currently in federal prisons…