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Alphabet has long been viewed as a titan of the tech industry, but current market conditions suggest the company may be significantly undervalued. Despite its dominant presence in everything from global search to cloud computing, shares are currently trading well below what analysts consider their true worth. This gap between market price and intrinsic value has caught the eye of some of the most disciplined investors in the world, including Warren Buffett, who recently revealed that Berkshire Hathaway has made Alphabet its third largest holding.

What makes Alphabet so attractive to institutional investors is its rare combination of competitive advantages. Analysts point to a wide economic moat fueled by powerful network effects and high switching costs, particularly within Google Cloud and the Android ecosystem. By controlling both the infrastructure and the applications people use daily, Alphabet creates a cycle of dependency and utility that is incredibly difficult for competitors to break. This stability allows the company to generate tens of billions in free cash flow every year, providing a massive war chest for future innovation.

Much of that investment is now flowing into artificial intelligence, where Alphabet is proving it can turn expensive research into actual revenue. Unlike many firms that focus on just one piece of the puzzle, Alphabet owns the entire AI stack, from custom chips and data center infrastructure to large language models and consumer apps. While critics worry about the sheer cost of these upgrades, supporters argue that this vertical integration will lead to expanded profit margins over the next few years as Google Cloud continues to scale.

Of course, no giant is without its challenges. The company faces persistent headwinds from global regulators concerned about its search monopoly, creating a layer of uncertainty regarding its long term structure. There are also risks associated with diversifying away from text based advertising toward newer, less proven technologies like autonomous driving via Waymo. However, for those looking at the bigger picture, these hurdles seem small compared to a company that remains fundamentally entwined with how humanity accesses information on the internet.

Investors are bracing for another volatile session as the market heads into Friday, with several key catalysts expected to drive price action across major indices. Analysts suggest that traders will be hyper focused on upcoming economic indicators and corporate earnings reports that could shift sentiment just before the weekend bell. The general mood remains cautious, as participants weigh recent inflationary data against the potential for shifts in central bank policy.

Much of the momentum is expected to center around a handful of heavyweight tech stocks whose quarterly results often dictate the direction of the broader S&P 500. If these industry leaders report stronger than expected growth or provide optimistic guidance for the coming months, it could spark a relief rally. Conversely, any sign of slowing demand or increased operational costs might trigger a sell off, dragging down smaller cap companies in their wake.

Beyond individual company performance, macro trends continue to play a decisive role in how portfolios are being managed. Traders are keeping a close eye on treasury yields and currency fluctuations, which have added an extra layer of uncertainty to international trade outlooks. As the closing bell approaches for the week, many institutional investors may look to hedge their positions or lock in gains from earlier wins throughout the month.

Ultimately, tomorrow’s movement will likely depend on whether positive corporate surprises can outweigh lingering fears about interest rates. While some bulls believe we are seeing the start of a sustainable upward trend, bears argue that current valuations remain too high given the geopolitical instability worldwide. For now, all eyes stay glued to the ticker as the financial world waits to see which side will prevail in Friday’s showdown.

Matt Hougan, the Chief Investment Officer at Bitwise Asset Management, believes the cryptocurrency market is entering a new bull cycle that could prove far more durable than the volatile booms and busts of the past. Speaking during a recent webinar with financial advisor Ric Edelman, Hougan explained that while previous surges were often triggered by a single event, the current momentum is being fueled by five compounding forces. These include regulatory shifts, institutional adoption, the rise of stablecoins and tokenization, on-chain finance, and revenue-generating tokens, all working together to create a more stable foundation for growth.

A significant part of this optimism stems from a changing political climate in Washington. Hougan noted that the SEC has pivoted away from the aggressive enforcement era seen under former Chair Gary Gensler toward a more supportive approach under Paul Atkins. By dropping lawsuits against major exchanges and reducing pressure on banks to cut ties with crypto firms, regulators are providing the clarity necessary for giants like BlackRock and Nasdaq to build actual businesses within the space. This transition means crypto is no longer just an asset class for speculation but is becoming integrated into the very plumbing of global finance.

Institutional interest is further evidenced by the massive influx of capital into exchange traded funds. Because traditional firms often lack the infrastructure to handle direct crypto custody, ETFs have become the preferred gateway for sophisticated players such as the Harvard Endowment and sovereign wealth funds. This structure not only brings in billions of dollars but also democratizes access, allowing retail investors to hold the same high grade instruments used by some of the wealthiest entities in the world.

Beyond investment vehicles, Hougan highlighted a fundamental shift in how money moves through tokenization and stablecoins. With major players like Visa and Stripe positioning themselves in these markets, there is a growing belief that blockchains are simply superior tools for transferring assets quickly and cheaply. The appetite for this technology was clearly visible over a recent Labor Day weekend when tokenized equities saw over one billion dollars in trading volume despite traditional stock exchanges being closed. While disputes over ownership rights versus price tracking persist among companies like AMC and Robinhood, Hougan argues that the broader trajectory toward an always on chain financial system remains inevitable.

Intel and SK Hynix are reportedly exploring a strategic partnership that could bring South Korean memory chip production to United States soil for the first time. According to recent reports, the two industry giants are discussing several ways to collaborate, ranging from SK Hynix leasing space at Intel’s troubled semiconductor site in Ohio to the creation of a broader joint venture. Such an arrangement could potentially involve major cloud service providers who are eager to lock down stable, long term supplies of memory chips to fuel their artificial intelligence ambitions.

For Intel, this deal would provide a much needed lifeline during a period of significant financial and operational turbulence. The company has struggled with massive delays at its Ohio complex, where construction timelines for two planned fabrication plants have slipped back by several years. By partnering with SK Hynix, Intel could reduce some of the immense capital strain associated with these projects while still making progress on its goal to revitalize domestic chipmaking under the watchful eye of the US government.

On the other side of the table, SK Hynix faces mounting pressure from both American corporate clients and Washington officials to shift more production away from Asia. With US Commerce Secretary Howard Lutnick threatening steep tariffs on foreign chipmakers who fail to expand their American footprint, the incentive to move inland has never been stronger. While building in the US comes with significantly higher labor and supply chain costs than producing in Asia, SK Group Chairman Chey Tae-won has previously admitted that establishing a domestic factory may be necessary for the company’s survival and growth.

Despite the intensity of these rumors, both companies remain cautious in their official communications. SK Hynix noted that it is reviewing various options to stay competitive but insisted that nothing has been finalized regarding any specific partner or location. Similarly, Intel declined to comment on the specifics of the reported talks, simply stating that it continues to invest in its Ohio operations as originally planned. For now, the industry remains hopeful that a deal will materialize to satisfy both geopolitical demands and the insatiable hunger for AI hardware.

The Canadian government has unveiled a sweeping overhaul of its business tax system designed to spark a massive wave of capital investment across the country. Introduced during the Canada Investment Summit in Toronto, the newly launched Productivity Mega Deduction allows eligible businesses to write off the full cost of depreciable property in the very year it becomes operational. This marks a dramatic shift away from the traditional system where costs were deducted gradually over time, providing companies with immediate tax relief to fuel growth.

This move significantly broadens a previous initiative known as the productivity super-deduction. While that earlier measure focused on a narrow slice of investments in tech and clean energy, the new mega deduction expands eligibility to cover about sixty five percent of assets. The scope now reaches deep into heavy industry, encompassing everything from mining properties and oil and gas pipelines to fiber optic cables and critical transportation infrastructure. According to Finance Minister François Philippe Champagne, the goal is to trigger an investment supercycle by slashing the marginal effective tax rate for new business investments from thirteen percent down to six point four percent.

Industry leaders are already calling the change transformative, particularly within the natural resources sector. The Mining Association of Canada praised the measure, noting that it provides essential cash flow and financial certainty for companies looking to modernize or expand smelting and processing operations. Because expenses incurred starting September 15 are immediately deductible, officials believe Canada is positioned to become one of the most competitive mining tax jurisdictions globally, lowering the barrier for projects that previously struggled to meet internal investment thresholds.

To further entice global capital, the government paired this tax break with a new priority system for advance income tax rulings. Specifically targeting massive projects valued at over one billion dollars, this program ensures that large scale investors receive binding rulings from the Canada Revenue Agency before they commit their funds. Together with the mega deduction, these policies represent what Prime Minister Mark Carney and his cabinet describe as one of the most significant shifts in Canadian business taxation in fifty years, aimed squarely at outcompeting other G7 nations for international investment.

A college student photographed with a cake mocking Charlie Kirk’s death is at the center of a campus controversy that has prompted the University of Utah to investigate two College Republicans for charges of misconduct after one posted the photo online.

On Sept. 10, 2026, the one-year anniversary of the conservative activist’s public murder, a woman approached a group of College Republicans at an event on the school’s campus and presented them with a cake. The words “Happy Kirkiversary” were written in red icing on the white cake.

Students Riley Beesley, the chairman of the school’s College Republicans chapter, and Rylie Barnes, also a member of the group, took exception to the stunt on a campus less than an hour’s drive from another college campus where Kirk was assassinated last year.

Barnes posted a photo of the cake to her X account, and it quickly went viral and led to an anonymous X user identifying the student as Sara Larsen.

UNIVERSITY OF TENNESSEE CONDEMNS FLYERS APPEARING TO CELEBRATE CHARLIE KIRK ASSASSINATION

The school’s College Democrats responded by saying Republicans are “waging a campaign of hate” against them.

On Tuesday, the university sent emails to Beesley and Barnes requesting closed-door meetings Wednesday morning with its Student Rights and Responsibilities office.

“We received information that, if accurate, may go against this priority and the policy on Student Rights and Responsibilities, and I would like to meet and hear your perspective,” says a copy of one of the emails, obtained by Fox News Digital. “The report is regarding an incident that happened on or about September 11, 2026 and allegedly involves you attempting to doxx another University of Utah student over a political issue.”

The email was sent by the office’s assistant director, Jose Morales Diaz.

“Doxxing” is the act of publicly revealing, usually online, the personal information of another person, typically with the intent of causing harm to that individual.

“We will talk about the information our office received, and you will have an opportunity to give your perspective of the incident if you wish. We will also talk about possible next steps, such as resolutions and educational or restorative measures if appropriate,” the email said.

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The emails also prohibited the students from recording the meetings. But shortly before the meetings were scheduled to take place, the university abruptly canceled them, according to Beesley.

Diaz did not respond to Fox News Digital’s request for comment.

“We found it distasteful, vile, and disgusting. Parents, alumni, students and donors deserve to know about the radical political ideologies festering on college campuses in Utah,” Beesley told Fox News Digital of the cake incident.

“Given today’s political climate, mocking or expressing support such as this should be taken incredibly seriously and the public sphere has a right to know about the lack of morality being observed among young Democrats and those on the left.”

He strongly condemned doxxing, and said his group had nothing to do with the release of Larsen’s information. He also condemned political violence.

“We’re observing patterns where those on the left find it comical to make threats, have normalized silencing opposing political viewpoints, and avoid accountability or consequences for glorifying murder,” he said. “This must end.”

CARNEGIE MELLON ‘DEEPLY CONCERNED’ BY PROFESSOR’S ‘HOSTILE AND THREATENING POSTS’ ABOUT CHARLIE KIRK’S DEATH

The university told Fox News Digital it can’t comment on student disciplinary action, citing federal law.

But Wednesday night, the school released a statement about the ongoing controversy, which has been going viral online for days and has become a national news story.

“In recent days, a dispute between political groups on the University of Utah campus has resulted in allegations of harassment, threats, and the inappropriate sharing or amplification of personal information. The University of Utah is reviewing these accusations consistent with established policies, due process and applicable law,” the statement said.

“As we conduct this review, the university will continue to simultaneously protect freedom of expression and the safety of our students. Calls to harm someone, including electronic harassment and inappropriate sharing of information, are not protected by free speech,” it continued.

The school also urged the College Democrats and College Republicans groups on campus to convene with leadership in an attempt to better understand one another.

It also condemned violence.

COLORADO TPUSA CHAPTER ENROLLMENT ‘FLAT’ AFTER ELDERLY SUPPORTER WAS STRICKEN BY STUDENT WITH TACO BELL CUP

Beesley was subject to an alleged violent threat on campus earlier this year, when a person threatened to “Kirk” him.

“It was January 12, we were outside tabling and engaging in debates in a format similar to those organized by, let’s say, Turning Point USA,” Beesley told Fox News Digital at the time. “And soon after [he] declared to us, ‘you should die,’ followed by, ‘I am going to Kirk you,’ which you could only think that means I’m either using your imagination going to shoot you or kill you.”

Dean Stewart, then 21, was arrested following the incident. Criminal proceedings against him are ongoing, Beesley said.

An X account with the name Sara Larsen made a post on Sept. 11, 2026, apologizing for the cake stunt. Fox News Digital could not independently verify whether the account owner is the student embroiled in the controversy.

“Upon reflection, it was wrong for me to celebrate, or perpetuate the celebration of, Charlie Kirk’s death. I apologize for doing so sincerely. Nobody should be murdered or persecuted for their speech,” reads the tweet — the only post present on an account with 311 followers that was created in February 2017.

Luca Mining has entered into a definitive agreement to acquire the El Barqueño gold silver and copper project in Mexico from industry giant Agnico Eagle Mines. The deal involves a massive 32,000 hectare property situated in the state of Jalisco, about 100 kilometers west of Guadalajara. To secure the asset, Luca will provide an initial ten million dollars in stock, with the potential for total payments to reach sixty million dollars through various performance milestones.

The financial structure of the buyout is designed around progress at the site. Beyond the initial equity payment, Luca will owe fifteen million dollars once it begins its first drilling program and another fifteen million when commercial production starts. Additionally, twenty million dollars in further payments will be triggered based on gold equivalent production levels, specifically five million dollars for every 100,000 ounces produced up to a cap of 400,000 ounces. Luca retains the flexibility to make these future payments using cash, stock, or a mix of both.

Dan Barnholden, CEO and Director of Luca Mining, described the move as a highly strategic and accretive addition to their existing portfolio of Mexican mining assets. While there is excitement surrounding the high grade potential of the project, some complexities remain. A legal process known as an amparo proceeding is currently ongoing in a Jalisco court regarding concessions granted before certain regulations were created. Furthermore, while historical estimates suggest significant reserves of gold equivalent ounces, those figures have not yet been updated to meet current official reporting standards by a qualified person.

For Agnico Eagle, this sale follows years of exploration efforts including roughly 225,000 meters of drilling conducted between 2015 and 2018 after they originally acquired Cayden Resources and Soltoro Ltd. This divestment comes as Agnico shifts focus toward other interests, such as its recent multi million dollar commitment to Radisson Mining Resources in Quebecs Abitibi region. Following the announcement of the acquisition, market activity showed Luca Mining shares trading near one dollar and nine cents while Agnico remained steady above two hundred eighty dollars.

President Donald Trump’s promise of a big payout for Americans if Republicans win the midterms is getting a rocky reception on Capitol Hill.

Several Republicans outright oppose the $5,000 check promise, while others offered tacit support in comments to Fox News Digital but hesitated on whether it could actually be delivered. It’s a sign that the GOP will have an uphill fight to get the “Trump dividend” approved by Congress with the president and lawmakers divided over whether it even needs the legislative branch’s green light.

“I disagree with it. It’s pay-to-play,” Rep. Ralph Norman, R-S.C., told Fox News Digital. “You shouldn’t pay anybody to vote your conscience. Plus, where are you getting the money? I think we’re in debt $40 trillion.”

House Appropriations Committee Chairman Tom Cole, R-Okla., whose powerful committee would likely play a major role in crafting the $5,000 stimulus if it did run through Congress, said he was “skeptical” it could be achieved.

TRUMP FACES RECKONING AS GOP FIGURES LABEL $5K PROMISE A ‘SOCIALIST VOTE-BUYING SCHEME’

“Take a billion dollars. … I’d rather use it to either bolster defense or save Social Security. I think that’s a better use of the money. But, again, we have to see what we’re looking at. Right now, we don’t have a bill,” Cole told Fox News Digital.

TRUMP DANGLES $5,000 CHECKS AS DEBT SURGES — BUT ONLY IF GOP CAN CLEAR MAJOR MIDTERM HURDLE

He added more optimistically, “We just have an idea that we want to get money back to the American people. I like that.”

Rep. John Rutherford, R-Fla., said he could support the idea if the sudden injection of cash wouldn’t send inflation rates soaring.

“But it ought to be limited — people that are working, people that are paying taxes. I don’t think we should just send paychecks out to everybody willy-nilly,” Rutherford told Fox News Digital.

Rep. Beth Van Duyne, R-Texas, simply said, “The devil’s always in the details. I prefer to look at ways of getting people job opportunities.”

VOTERS HAVE A BLUNT MESSAGE FOR TRUMP ABOUT HIS IDEA TO DOLE OUT $5,000 CHECKS

Rep. Brad Knott, R-N.C., praised Trump’s candor but signaled he was not enthusiastic about a stimulus without guardrails.

“If we can structure tax incentives, if we can do some type of — whether it’s a cut, whether it’s a rebate, something in that vein, I think it’s probably a little better policy than mailing people a check just because they’re here,” Knott said.

But the idea did find support from others, like House Freedom Caucus Chairman Andy Harris, R-Md.

“I think that hardworking Americans, probably taxpayers, deserve a tax rebate. We’re going to have to discuss how large a rebate that’ll be,” Harris told Fox News Digital, suggesting the $5,000 figure should be up for negotiation. “That’s a good idea.”

He added that it should go through Congress, potentially through the same mechanism that Republicans used to pass the One Big, Beautiful Bill Act.

“It would probably have to go through reconciliation,” he said.

Republican Study Committee Chairman August Pfluger, R-Texas, suggested the money could come from what the federal government recovers in efforts to crack down on waste, fraud and abuse of taxpayer dollars.

“Why don’t we continue the president’s approach towards fraud and give a dividend to the people of this great country who that money was stolen from?” Pfluger suggested, arguing that hundreds of billions of dollars were lost to fraud in the last administration.

Giving $5,000 to every American adult could cost at least $1 trillion by some estimates, a significant portion of the U.S. annual budget. A price tag that big historically would be subject to congressional approval, but the president may disagree.

“I think they will do it if we needed it, but I think not,” Trump told CBS News when asked if Congress would need to approve the stimulus.

But Speaker Mike Johnson, R-La., told CNN’s “State of the Union” earlier this week, “I would assume, yes, he’d need Congress to act.”

EXCLUSIVE: Senate Democratic nominee James Talarico, who has repeatedly accused his Republican opponent, Ken Paxton, of corruption, is now facing Republican accusations of “blatant corruption” over consulting work he performed for a progressive firm while serving on the Texas House’s influential Public Education Committee. Talarico’s campaign has denied the allegation as a “lie.”

The Lone Star State’s Senate race is entering its final stretch, with Talarico leading Paxton in recent polling. A Republican loss could damage the GOP’s chances of retaining its Senate majority.

Paxton has projected confidence that, after emerging from a particularly bitter primary race, Texans will respond to his campaign once they hear his message. Talarico, meanwhile, has continued targeting Paxton through major ad buys, including one in which the Democrat calls him “the most corrupt politician in Texas.”

Republicans are now responding with allegations of their own, characterizing Talarico’s past arrangement with the consulting firm as a “textbook pay-to-play scheme.”

SHOCK POLL: TALARICO TIES PAXTON IN TEXAS SENATE RACE, THREATENING GOP STRONGHOLD

They are pointing to paychecks Talarico received from a firm called MAYA Consulting that simultaneously drew in millions in state contracts awarded by the Texas Education Agency (TEA), which he helped provide oversight to as a member of the Public Education Committee.

Talarico announced he was joining MAYA Consulting in a 2019 Facebook post. In the post, he stated that as a consultant he would be “working with districts, nonprofits, and communities to build excellent and equitable educational opportunities for all our students.”

According to a Senate campaign financial disclosure filed in 2025, Talarico worked with MAYA Consulting, which has since been rebranded as VIDA Collaborative, from 2019 until 2025.

During those same years, official legislative records show that Talarico served as a voting member of the Texas House’s Public Education Committee from 2019 to 2025. Among its responsibilities, the committee oversees the Texas Education Agency, which awards government contracts to firms for services, including then-MAYA Consulting.

TED CRUZ, CONSERVATIVES RESPOND AFTER TALARICO CRITICIZES BIBLE-RELATED EDUCATION IN SCHOOLS AS ‘PROPAGANDA’

TEA registers from 2021 and 2022 show that the agency awarded MAYA two contracts worth $3.578 million and $1.635 million, respectively. The contracts were related to priorities Talarico was pushing in the Texas House at the time, including addressing learning loss due to COVID-19.

Meanwhile, Talarico’s disclosure shows that he earned $83,333.40 from the nonprofit in 2025, in addition to his $13,904.92 part-time salary as a member of the Texas House of Representatives.

Kassi Longoria, CEO of VIDA Collaborative, confirmed with Fox News Digital that Talarico served as an “independent contractor consultant” with the group from 2019 to 2025. She said that Talarico “has no current role with our organization” and clarified that “during his time at VIDA, his consulting work was structured, specifically to remain separate from his role as a Texas state legislator.”

She said that Talarico “never worked under, received compensation from, or was involved in securing any state- or federally-funded contracts.” She noted that “as a matter of standard practice, VIDA discloses any outside employment or potential conflicts of interest for our staff — including Rep. Talarico’s legislative role — in our proposals when we apply for publicly-funded opportunities” and that “similarly, Rep. Talarico’s relationship with VIDA was disclosed in his required public financial disclosure filings.”

However, Republican National Committee spokesman Zach Kraft accused Talarico of wrongdoing, calling the Democrat’s involvement with MAYA an example of “blatant corruption.”

TEXAS DEM CANDIDATE TO HOLD HIGH-DOLLAR HOLLYWOOD FUNDRAISER WHILE GOP GATHERS IN DALLAS: ‘FAKE COWBOY’

“We are looking at a textbook pay-to-play scheme with James Talarico steering millions in taxpayer funds to his DEI consulting agency under the condition he gets commission through a scam no-show job,” Kraft told Fox News Digital.

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As a member of the Texas House’s Public Education Committee, Talarico was not involved in TEA’s process for awarding outside contracts and did not vote on the contracts. Fox News Digital is also not aware of any evidence that Talarico received a commission for contracts awarded to MAYA, a claim that both the organization and Talarico’s campaign denied.

Kraft alleged that Talarico is “one of the most morally bankrupt individuals to ever run for public office in Texas.”

JT Ennis, a spokesperson for Talarico’s campaign, pushed back, saying, “This is a lie.”

Ennis said that “James’ relationship to MAYA was fully disclosed in compliance with Texas House rules” and that “James had no involvement in MAYA Consulting securing any public contracts and his contract with MAYA barred him from representing MAYA before the Texas Legislature or education agencies.”

“Ken Paxton is making up lies about James to distract from the fact that he’s been impeached by his own party for bribery, reported to the FBI by his own staff, and indicted for investment fraud for scamming his own friends,” Ennis alleged, while adding, “Ken Paxton is the most corrupt politician in Texas, and this November, Republicans, Democrats, and independents will come together to reject Ken Paxton’s corruption and stand up to this broken, corrupt political system.”

In July 2015, Paxton was indicted on charges that he misled and defrauded tech startup investors and failed to disclose that the startup was paying him to promote its stock. Prosecutors agreed in 2024 to drop the charges under a deal requiring Paxton to pay about $271,000 in restitution, perform 100 hours of community service and complete 15 hours of legal ethics courses. Paxton did not enter a plea under the agreement and was never convicted.

Meanwhile, Madison Cercy, a spokeswoman for Paxton’s campaign, told Fox News Digital, “It couldn’t be clearer: James Talarico sees Texans tax dollars as his own personal slush fund.”

Fox News Digital is not aware of any evidence that Talarico has misused tax dollars.

Cercy called Talarico a “taxpayer-funded DEI consultant whose employer receives millions of dollars from Texans while pushing radical ideology in our schools.”

The mastermind behind the multimillion-dollar Ponzi scheme that even victimized NFL star Travis Kelce is an illegal immigrant from India.

Thirty-eight-year-old Siddharth Jawahar was sentenced to 11 years in prison this week for running a $35 million investment wire fraud scheme. At his sentencing, Judge Zachary Bluestone said that through his investment company, Swiftarc Capital LLC, Jawahar “weaponized” investors’ trust, resulting in “massive” losses for the victims.

Jawahar raised more than $35 million from investors between 2016 and 2023 and only invested roughly $10 million of that total. He spent the remainder funding personal luxuries, including private jet charters, upscale apartments in Austin and New York, high-end dining, shopping sprees at clothing stores and exclusive private club memberships. He has now been ordered to pay $31.35 million in restitution to his victims.

But that is not the end of Jawahar’s legal issues. He may also be subject to deportation. According to the Department of Justice and a court document reviewed by Fox News Digital, Jawahar is an illegal immigrant from India who has been living in the U.S. since 2005.

TRUMP ADMIN’S FRAUD CRACKDOWN TARGETS FOREIGNERS ACCUSED OF INFILTRATING US FEDERAL PROGRAMS

Further, the DOJ said that after his indictment on three counts of wire fraud and one count of investment-adviser fraud in 2023, Jawahar tried to obstruct justice by coaching a victim into giving a favorable statement to the FBI while lying about his immigration status and finances. He also tried to get his sister to remotely wipe his iPhone to hide evidence, the DOJ said.

Jawahar pleaded guilty to three counts of wire fraud in January 2026.

Among Jawahar’s victims was Kelce, the Kansas City Chiefs tight end who recently married pop superstar Taylor Swift, and several NBA players, including Gary Harris, Tim Hardaway Jr. and Mason Plumlee. The DOJ said Jawahar’s victims resided in Missouri and elsewhere.

FORMER USCIS OFFICIAL, ACCOMPLICE CHARGED IN ALLEGED $960K CITIZENSHIP BRIBERY SCHEME

Instead of managing a diversified portfolio for his investors, Jawahar allocated roughly 99% of client capital into a single stock, Philip Morris Pakistan. As that position tanked, Jawahar hid the losses, issued falsified statements and used funds from new investors to pay out earlier clients.

Jawahar also managed 17 additional entities that he utilized during his scheme.

ALLEGED CRYPTOSCAM RINGLEADER SET FOR PLEA HEARING IN $240M BITCOIN THEFT

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In an X post, Colin McDonald, an assistant attorney in the DOJ’s National Fraud Enforcement Division, celebrated Jawahar’s sentencing, calling him an “illegal alien fraudster.”

He congratulated the U.S. Attorney’s Office for the Eastern District of Missouri and partners for their “great work” on the case.