Peter and Ray discuss how Bitwise Industries has not paid business taxes to the City of Fresno since September 2021, according to a letter released by the City of Fresno on Wednesday. The two dig deep on the topic. A letter from Mayor Jerry Dyer and addressed to founders Jake Soberal and Irma Olguin, Jr., reveals that “Bitwise-related entities have not reported any gross receipts nor paid City business taxes since September of 2021.” The letter requests accounting documents to be sent to the City Controller within 30 days of receipt of the letter threatening “further action against Bitwise and its Board of Directors” if it is not received. In the days before Bitwise furloughed its entire workforce, company co-CEO Jake Soberal was busy calling, texting, and emailing local business leaders in hopes of obtaining bridge loans to navigate through a financial squeeze. Black citizens in Chicago flooded the city council meeting on Wednesday to express concerns over the city’s plan to allocate $51 million to support migrants in the city.

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