GOBULLDOGS.COM - Jeff Tedford announced on Monday he will be stepping down as head coach of the Fresno State football program. "It is with sad emotions that following my recent medical check-up, it is clear that due to health concerns, my family and I have made the decision to step aside as Fresno State's head coach and allow someone else to lead the football program," said Tedford."Coach Tedford's contributions to Fresno State and the Central Valley have been nothing short of extraordinary," says Director of Athletics Garrett Klassy. "His dedication, passion, and commitment have led our football program to numerous championships and deeply impacted the community. Our goal during this coaching transition is to ensure it is as seamless as possible for our student-athletes and to continue the championship culture that Coach Tedford has established. We are grateful for his endless contributions and wish him the best in terms of his health. I expect to lean on Coach Tedford during my transition due to his incredible insight and relationships."
Over 160 Firearms Seized During Multiple Search Warrant Operation
MADERA - Last week the Madera Narcotic Enforcement Team, with the assistance of the Madera Sheriff’s Special Enforcement Team, Fresno High Impact Investigations Team, Madera Police Special Investigations Unit, California Department of Corrections & Rehabilitation CRT Team #11, Visalia Police Department, and the Delano Police Department, executed a total of four search warrants relating to a lengthy, multi-agency, collaborative investigation into the illegal sales of narcotics and firearms, and the illegal possession of firearms.
Bitwise Founders Plead Guilty to $115 Million Fraud Scheme
FRESNO - Irma Olguin, Jr., 43, and Jake Soberal, 38, the founders and leaders of the failed Fresno-based start-up company Bitwise Industries (“Bitwise”), pleaded guilty today to one count of conspiring to commit wire fraud and one count of wire fraud, United States Attorney Phillip A. Talbert announced. They admitted to defrauding investors, lenders, and others out of $115,000,000.
According to court records, Olguin, Jr. and Soberal founded Bitwise in 2013. The company then grew to have three business lines: (1) technology workforce training program, (2) technology consulting service, and (3) a real estate arm that bought, renovated, and leased commercial properties. The company promised to create jobs for underserved groups of people, revitalize blighted urban areas, and show that such a project could be highly profitable.
Central Valley Partnership Positions Region for Success in Semiconductor Manufacturing
FRESNO - On Wednesday, Mayor Jerry Dyer was joined by Councilmember Nelson Esparza for the signing of a formal partnership memorandum of understanding between SEMI, a global semiconductor manufacturing association, and the City of Fresno, City of Clovis, California State University Fresno, Fresno County Economic Development Corporation, and Silicon Farms.
This is the first agreement of its kind in California’s Central Valley and is a significant step toward diversifying local economies. It is designed to put the Fresno region on the map as “open for business” when it comes to locating semiconductor supply chains and manufacturing facilities.
Executives for Fresno-Based Business Convicted of Multi-Million Dollar Fraud
FRESNO - Following a 19-day trial, on Tuesday, a jury convicted Fresno residents Marcus Asay, 68; Antonio Gastelum, 53; and their company, Agricultural Contracting Services Association dba American Labor Alliance (ALA), of committing a multi-year pension fraud scheme, U.S. Attorney Phillip A. Talbert announced.
The jury also convicted Asay and ALA of committing separate workers’ compensation and hardship exemption fraud schemes. The hardship exemption fraud scheme involved a supposed exemption from the Affordable Care Act’s requirement that people obtain health insurance or pay a significant shared responsibility payment when they file their taxes. Finally, the jury convicted Asay of laundering money that he received from the pension fraud scheme.
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