In the year leading up to the company's implosion, Bitwise's top leadership leveraged their contacts with city officials to gain access to public money and influence for their business and private projects, according to an analysis of email communications.
The emails show warning signs that the company was sponging dollars in its final year and that Bitwise leaders were out of line when it came to some simple tasks, like finding businesses to enroll in their digital empowerment program to train Fresno entrepreneurs in technical skills, or providing basic tracking information like salaries and budgets, necessary for properly managing and accounting for the spending of federal grant dollars.
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