NEED TO KNOW
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Travis Kelce was named as a victim in a multi-million-dollar Ponzi scheme
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Siddharth Jawahar, 38, was sentenced to 11 years in prison on Tuesday, Sept. 15, after misusing over $35 million from investors to fund an “extravagant” lifestyle and repay earlier investors
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Kelce was reportedly linked through an investment fund co-founded by Jawahar but was only briefly mentioned in court
Travis Kelce has been named as a victim in a multi-million-dollar fraud scheme by prosecutors in a Missouri court, according to reports.
On Tuesday, Sept. 15, Siddharth Jawahar, 38, was sentenced to 11 years in prison, according to a press release from the U.S. Attorney’s Office, Eastern District of Missouri.
He pleaded guilty to three counts of wire fraud in January and has been ordered to pay more than $31 million in restitution to his victims after running a Ponzi scheme, the release noted.
According…
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