From Fox News · Peter Pinedo · · 50s
Illegal immigrant fraudster victimizes Travis Kelce in $35M Ponzi scheme
Illegal Indian immigrant Siddharth Jawahar sentenced to 11 years for swindling $35M from investors including NFL star Travis Kelce
In brief
Illegal Indian immigrant Siddharth Jawahar sentenced to 11 years for swindling $35M from investors including NFL star Travis Kelce Siddharth Jawahar, an illegal immigrant from India, will pay $31.35M restitution after running a $35M Ponzi scheme that victimized Travis Kelce Originally reported by Fox News.
Ponzi scheme victim
Travis Kelce named victim in multimillion-dollar Ponzi scheme targeting NFL star
“Travis Kelce named victim in multimillion-dollar Ponzi scheme”
11-year prison sentence
Siddharth Jawahar faces 11 years in prison for three wire fraud counts
“Siddharth Jawahar faces 11 years in prison for three wire fraud counts”
Swindled $35M
Jawahar took over $35 million from investors between 2016 and 2023
“Jawahar took over $35 million from investors between 2016 and 2023”
Personal luxuries
Jawahar spent $24 million on private jets, luxury hotels, and high-end shopping
“Jawahar spent $24 million on private jets, luxury hotels, and high-end shopping”
Deportation risk
Jawahar may face deportation as illegal immigrant from India living in US since 2005
“Jawahar may face deportation as illegal immigrant from India living in US since 2005”
Obstructing justice
Jawahar tried to hide evidence by coaching victims and wiping his iPhone
“Jawahar tried to hide evidence by coaching victims and wiping his iPhone”
The key point
Siddharth Jawahar, an illegal immigrant from India, will pay $31.35M restitution after running a $35M Ponzi scheme that victimized Travis Kelce
