Who is Siddharth Jawahar? Indian national who allegedly took Travis Kelce’s millions to fund his lavish lifestyle in New York | NFL News
Travis Kelce, the Kansas City Chiefs’ popular tight end, has found himself in a mess even as his focus remains on his career on the field. While the Super Bowl champion has made a number of investments, one of them has turned out to be a fraud after a man named Siddharth Jawahar has been accused of defrauding him for millions of dollars.
Everything about Siddharth Jawahar, the man who has taken away Travis Kelce’s millions of dollars
As per reports, Siddharth Jawahar is a 38 year old investment advisor who ran a Texas-based investment company called Swiftarc Capital LLC.While it has not been confirmed, there are reports that indicate that Siddharth Jawahar, who is from India, has been in the U.S. illegally since 2005.As per reports, Siddharth Jawahar has reportedly taken more $35 million from Swiftarc investors but invested only about $10 million.The rest of the funds were reportedly used to fund his lavish lifestyle in New York City, including travel on private jets, stays at luxury hotels, memberships at multiple private clubs across the country, spending thousands of dollars at clothing stores and expensive outings at fancy restaurants,In a statement by the U.S. attorney, Siddharth Jawahar “tried to obstruct justice by trying to coach a victim into giving a favorable statement to the FBI, lying about his immigration status and finances and trying to get his sister to remotely wipe his iPhone to hide evidence.”The statement added, “When the value of PMP declined, Jawahar did not tell investors and falsely claimed that his investors were making profits…”
Travis Kelce keeps himself away from the legal mess as Siddharth Jawahar’s legal team defends him and accepts the crimes
Back in January of this year, he pleaded guilty to three counts of wire fraud in connection with the scheme.In a statement to ABC News, his legal team said, “Sid Jawahar is a very good man, who has made some very serious mistakes and is taking ownership of all of it…He has made every effort from a jail cell in St. Genevieve [County] to recoup restitution for victims and plans to continue to do.”The statement also added, “His efforts at helping other inmates improve their lives at St. Genevieve speak the loudest about his true character and heart for service.”At this point in time, it has not been confirmed how much Travis Kelce lost in the mess as the Super Bowl champion has kept himself away from it all.After his marriage, Travis Kelce has become more and more private about his personal life as the focus remains on his performance in the league, as he returned for his 1th season with the Kansas CIty Chiefs.
