Fresno businessman David Hardcastle and Andrew Adler of Connecticut have been indicted for defrauding investors in loans made to Bitwise.

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.

According to court documents, Hardcastle and Adler carried out their scheme from December 2022 through May 2023 by giving Bitwise an approximately $20 million hard money loan, usually cash ...

The U.S. Department of Justice said Adler and his business partner, 61-year-old Fresno resident David Hardcastle, provided the loans to Bitwise using a syndicate of investors.

David Hardcastle of Fresno and Andrew Adler of Connecticut are accused of luring investors and giving Bitwise $20 million in loans.

Adler was ordered to spend just over three years (41 months) in prison. He and his business partner, David Hardcastle, were accused of luring investors and giving Bitwise about $20 million in loans.

Adler had been accused of defrauding investors out of $20 million in loans to Bitwise, which expanded to Bakersfield in 2021 and collapsed in May 2023. His associate, Fresno resident David ...

Acting U.S. Attorney Michele Beckwith announced 61-year-old Fresno resident David Hardcastle was arrested Monday morning after a federal grand jury returned a six-count indictment accusing him of ...

Adler and his business partner, David Hardcastle, a 61-year-old from Fresno, gave Bitwise roughly $20 million in "hard money" loans between December 2022 to May 2023.

He must also forfeit $1 million. Federal prosecutors charged Adler and his business partner, David Hardcastle, 61, of Fresno, with conspiracy to commit wire fraud and substantive wire fraud for ...