Taylor Swift faces funny challenge with Travis Kelce’s family
Taylor Swift faced a funny challenge while adjusting to Travis Kelce’s family after his nieces initially called her by her full name. The singer’s global fame made it difficult for Jason Kelce’s daughters to treat her like an ordinary family member. Travis recently shared the amusing story on the September 16 episode of the New […]
Travis Kelce, the husband of pop superstar Taylor Swift and tight end for the Kansas City Chiefs, was among the victims allegedly duped in a $35 million Ponzi scheme orchestrated by Indian-origin man Siddharth Jawahar. Jawahar, who pleaded guilty to three counts of wire fraud in January, was sentenced to 11 years in prison and ordered to pay $31.35 million in restitution.
According to court documents, Jawahar, a resident of the US without legal status since 2005, operated a Texas-based investment company called Swiftarc Capital LLC. The scheme began accepting money from investors in 2015 and operated as a Ponzi scheme, using funds from newer investors to pay earlier investors and inflate returns.
The US Attorney's Office reported that Jawahar received over $35 million from investors but only invested around $10 million between 2016 and 2023. Kelce, who has invested alongside other professional athletes including NBA players Gary Harris, Tim Hardaway Jr., and Mason Plumlee, invested an unspecified amount in the scheme.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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