Latest news with #StashWealth
USA Today
15-05-2025
- Business
- USA Today
California man admits to scamming DoorDash out of $2.5 million using fake deliveries
California man admits to scamming DoorDash out of $2.5 million using fake deliveries Show Caption Hide Caption Expert take: Does buy now, pay later help or hurt your finances? Priya Malani, CEO of Stash Wealth, and Paula Pant, host of the Afford Anything podcast talk buy now, pay later. A former delivery driver has pleaded guilty to conspiring with several others to steal over $2.5 million from DoorDash, a San Francisco-based food delivery company, federal prosecutors said. Sayee Chaitanya Reddy Devagiri, 30, of Newport Beach, California, pleaded guilty on May 13 to one count of conspiracy to commit wire fraud, according to the U.S. Attorney's Office for the Northern District of California. Prosecutors said Devagiri admitted to working with three others and a former employee of DoorDash in a fraud scheme that targeted the company between 2020 and 2021. In the scheme, the group caused DoorDash to pay for deliveries that never occurred, according to prosecutors. Prosecutors said the scheme resulted in more than $2.5 million in fraudulent payments. Devagiri was arrested and indicted alongside Manaswi Mandadapu, 29; Matheus Duarte, 29; and Hari Vamsi Anne, 30, in October 2024, according to prosecutors. All four were charged with a single count of conspiracy to commit wire fraud. Mandadapu pleaded guilty to the charge on May 6, prosecutors said. Duarte and Anne previously pleaded not guilty and are scheduled to appear in court on July 22, The Los Angeles Times reported. The former DoorDash employee involved in the scheme, Tyler Thomas Bottenhorn, was charged in a separate indictment in September 2022 and pleaded guilty to conspiracy to commit wire fraud in November 2023, according to prosecutors. Devagiri is expected to appear in court for a status hearing on September 16, prosecutors said. He faces a maximum statutory penalty of 20 years in prison and a fine of $250,000. 'Fundamentally unfair': DoorDash to pay millions to dashers after company pocketed tips Fraudulent accounts, manipulated DoorDash software DoorDash provides food delivery services to customers who place orders on the platform. Drivers who work for the company fulfill those orders by picking up ordered items from restaurants and other merchants and delivering them to customers. According to an indictment unsealed in October 2024, the group worked together between November 2020 to February 2021. During that period, Devagiri, along with Mandadapu, Duarte, and Anne, created multiple fraudulent customer and driver accounts with DoorDash, the indictment states. The group used the fraudulent customer accounts to place "high value" orders from restaurants across Northern California, including Santa Clara County, according to the indictment. They then utilized an employee's credentials to access DoorDash's computer systems and software. The indictment further alleged that the group used the computer systems to manually reassign DoorDash orders placed by their fraudulent customer accounts to their driver accounts. Prosecutors said Devagiri then would report the orders had been delivered on the driver accounts when they had not and manipulated the software to prompt DoorDash to pay the driver accounts for the deliveries that never occurred. 'Senseless act of violence': DoorDash driver shot after arriving at wrong house; NY highway official arrested Devagiri also used the DoorDash software to change the orders from 'complete' statuses to 'in process' statuses and reassigned the orders to driver accounts that the group controlled, according to the indictment. Prosecutors said Devagiri repeated this process, which took less than five minutes, hundreds of times for many orders. In total, the group stole over $2.5 million and received payments through bank accounts controlled by Devagiri Mandadapu, Duarte, and Anne, the indictment states. According to the indictment, the group gained access to the software by using credentials that belonged to Bottenhorn, who was a resident of Solano County, California. He briefly worked for DoorDash in 2020. After pleading guilty in 2023, prosecutors said Bottenhorn admitted to being involved in the scheme to defraud the company. Devagiri Mandadapu, Duarte, and Anne were all arrested on Oct. 4, 2024, prosecutors said. Devagiri and Mandadapu were taken into custody in Newport Beach and later released on bond. Duarte was arrested in Mountain House, California, and was also released on bond. Anne was arrested in Cypress, Texas, and was detained in Houston pending further proceedings, according to prosecutors.
Yahoo
08-02-2025
- Entertainment
- Yahoo
How Much Does Travis Kelce Make? Inside the NFL Player's Net Worth and Earnings (From Football, Podcasts and Beyond!)
Travis Kelce is one of the NFL's most recognizable players — but his success extends far beyond the game. The tight end started his professional football career in 2013 with the Kansas City Chiefs, where he has remained since. A 10-time Pro Bowler and three-time Super Bowl champion, he is now up for another title in the 2025 Super Bowl against the Philadelphia Eagles. As of September 2024, Kelce has an estimated net worth of $52 million, per Forbes. He also earned a spot on the outlet's list of the top 10 highest-paid NFL players in 2024. Kelce was already an established, successful football player when he began dating billionaire pop star Taylor Swift in 2023. However, his fame reached new heights after they got together, which led to a spike in commercial sales, helping him earn $2.4 million from jersey sales, video games and other group licensing income between February 2023 and 2024, per Forbes. Although Kelce has become one of the wealthiest players on and off the field, he has been open up about how he learned to be responsible with his money after some financially "terrible decisions" early on in his career. Related: Taylor Swift Is the Richest Female Singer in the World! Here's How the Musician Built Her Empire "Most of it was just being caught up in actually having a good amount of money for the first time and the fact that I've always wanted to just live recklessly with being able to appreciate the hard work that I put in with the money that I have," he said during a February 2023 appearance on Stash Wealth. He continued, "I've always wanted to live that 'baller life style,' and I found out that only lasts like a year at the most ... it was definitely a learning experience." From his football career to his business ventures, here's everything to know about how Travis Kelce amassed his net worth. According to Forbes, Kelce has an estimated net worth of $52 million as of September 2024, with football attributed as his main source of wealth. This was a $12 million jump from when the outlet previously reported his net worth to be $40 million in October 2023. His yearly salary and winnings are projected at $17 million, while endorsements bring in an additional $35 million, according to the outlet. The tight end also earned the no. 7 spot on Forbes' list of the top 10 highest-paid NFL players in 2024. After playing college football at the University of Cincinnati, Kelce's professional football career began in 2013 when he signed his first of several contracts with the Kansas City Chiefs. According to CNBC, Kelce's rookie contract was worth $3.12 million and included a $703,304 signing bonus. In 2016, Kelce signed a five-year deal for $46 million, with $20 million guaranteed, per ESPN. According to the outlet, in 2020 — with two years remaining on that contract — he signed a four-year extension for $57.25 million, with $28 million in guarantees. Most recently, Kelce signed a two-year deal in April 2024 for $34.25 million, with $17 million guaranteed for the upcoming season, per ESPN. Throughout the years, Kelce has won three Super Bowls — 2020, 2023 and 2024 — and earned a large paycheck from each game. According to the NFL collective bargaining agreement, players from the winning team earned $130,000 in 2020, $164,000 in 2023 and $171,000 in 2024. Per the agreement, if the Chiefs win the 2025 Super Bowl, players will take home $178,000. If they lose, they will earn $103,000. One of Kelce's largest revenue drivers is New Heights with Jason and Travis Kelce, the podcast he co-hosts with his brother, Jason Kelce. In August 2024, the siblings signed a $100 million, three-year deal with Amazon's Wondery. Related: The Kelce Brothers: 9 Must-Know Facts About Jason and Travis Kelce (Starting with the Hilarious Reason They Were Kicked Out of Preschool) In addition to his gig as a podcast host, Kelce has also made several appearances on television series over the years — and even had a program of his own. In 2016, Kelce was the star of the E! reality dating show Catching Kelce — which he revealed on The Pivot Podcast in February 2023 that he was motivated to join for financial reasons. Travis admitted that after going pro, he quickly spent his first few paychecks "like it was nothing," to the extent that he even fell behind on rent — which made the Catching Kelce salary offer one he couldn't turn down. 'So I heard about the situation where I can make six figures in two weeks? I was like ... 'This is actually starting to sound a little better,' ' he said. Although the show aired for only one season, Kelce later went on to host Prime Video's Are You Smart Than a Celebrity?, made a cameo in Happy Gilmore 2 and had a role in Ryan Murphy's FX series Grotesquerie. However, it is unclear how much he earned from the opportunities. Kelce has been expanding his brand off the field for years, securing a diverse range of endorsements and partnerships. In February 2024, Forbes reported that the athlete had earned an estimated $5 million in endorsements from companies including Bud Light, Nike, Pzifer and State Farm. The outlet has also noted his various sponsorships with brands including Campbell Soup, Experian, General Mills and Subway. Additionally, Kelce has appeared in commercials for several major companies, including Pepsi and Lowe's. In June 2024, the Kelce brothers took their business ventures further by joining Garage Beer as investors. That November, CEO Andy Sauer told Forbes that they are "by far the largest investors." Kelce also founded Kelce Jam, a music festival that debuted in 2023 and returned for a second year in 2024. Most of the festival's revenue came from sponsorships, per Forbes. While his earnings from the event were not disclosed, Forbes reported that brand partnerships for the second Kelce Jam increased five times, and the festival was projected to generate three times the revenue of its first year. In 2015, Kelce launched his official charity foundation, 87 & Running, which has led a number of initiatives and donated to various causes since. In January 2024, the foundation donated enough money to the Rebuilding Together Kansas City organization to help a local resident rebuild her home. A few weeks later, Kelce worked with after school program Operation Breakthrough — which his foundation has collaborated with several times over the years — to give out 25,000 meals to Kansas City students. That February, Kelce made two separate $50,000 donations from the foundation to the GoFundMe page for the family of two girls who were injured during the mass shooting at the Kansas City Chiefs' Super Bowl parade. Kelce has learned to manage his money over time, but he has been open about the financial lessons he had to navigate early in his career. During his appearance on Stash Wealth, Kelce described having to learn over time what his "lifestyle spending limits were." "It was a lot of trial and error in trying to figure out what made me happy, but at the end of the day, what is going to keep my family safe, keep my financial accumulation ... and how to save it the best way, invest it the best way," he said. During a May 2023 episode of New Heights, Kelce shared that the first thing he bought with his NFL paycheck was a "pair of size 13 Nike Air Mag Marty McFlys, the coolest shoes that I'd ever seen in my life." Kelce also reflected on his early financial missteps, saying, "The reason why I lost all my money in my first year, I might have went to Vegas or Florida on one of those off days and enjoyed myself. The dumbest thing I ever bought with my rookie money: bottles in the club." Though Kelce is one of the highest-paid NFL players, he has been candid about how his salary compares to other players in the league — but has made it clear his loyalty lies with the Chiefs. 'My managers and agents love to tell me how underpaid I am," he told Vanity Fair in June 2023. 'I'm like, the free market looks like fun until you go somewhere and you don't win. I love winning. I love the situation I'm in.' Read the original article on People
