According to federal prosecutors, Adler and his business partner, 61-year-old David Hardcastle of Fresno, ran a deceptive ...

He faces 20 years in prison, plus a $250,000 fine. His business partner, David Hardcastle, is charged in a separate indictment, and those charges remain pending.

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. Also charged ...