Travis Kelce Named as a Victim in a $35 Million Ponzi Scheme
Prosecutors said Jawahar used new investor money to repay earlier victims and fund a lavish lifestyle, while Kelce was named as one of 64 victims.
- On Tuesday, a judge sentenced Siddharth Jawahar to 11 years in prison for operating a Ponzi scheme, identifying Kansas City Chiefs tight end Travis Kelce as a victim in the multi-million dollar fraud.
- Between July 2016 and December 2023, Jawahar defrauded investors through Swiftarc Capital LLC, amassing over $35 million while investing only $10 million of those funds into promised ventures.
- Prosecutors allege Jawahar paid Axiom Strategies $10,000 to coordinate advocacy letters aimed at influencing sentencing; Congressman Sam Graves subsequently wrote to Judge Zachary Bluestone requesting a 48-month sentence for the defendant.
- Labeling the attempt a 'ludicrous idea,' Judge Bluestone rejected the requested leniency, imposing an 11-year prison sentence followed by three years of supervised release instead.
- Kelce remains involved in separate litigation where he and Chiefs quarterback Patrick Mahomes face trademark infringement claims from 1587 Sneakers over their Kansas City steakhouse venture.
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Investment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce - WXXV News 25
ST. LOUIS (AP) — The creator of a Texas-based investment company has been sentenced to 11 years in federal prison for his role in a Ponzi scheme that prosecutors say bilked 64 victims, including Kansas City Chiefs tight end Travis Kelce. U.S. District Judge Zachary Bluestone sentenced Siddharth Jawahar, 38, on Tuesday and ordered him to pay $31.35 million in...
Travis Kelce duped by Indian illegal immigrant in massive Ponzi scheme
Bud Light, Pfizer, and ... Philip Morris Pakistan?NFL tight end Travis Kelce has been involved with all three of these companies, but only the last one was part of a massive fraud scheme conducted by an illegal immigrant.'An extravagant lifestyle that included travel on private jets.'Siddharth Jawahar, 38, was sentenced by a U.S. district judge after he was found to have defrauded dozens in a Ponzi scheme through his Texas-based investment compa…
Travis Kelce named victim in Ponzi scheme
On Sunday, the Kansas City Chiefs played their first game of the season and beat the Denver Broncos 31-10. Veteran star Travis Kelce caught three passes and delivered 71 yards, a team high through the air. On the field, Kelce helped secure the win, but off the field, he may have taken a loss. On…
Investment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce - WSVN 7News | Miami News, Weather, Sports
ST. LOUIS (AP) — The creator of a Texas-based investment company has been sentenced to 11 years in federal prison for his role in a...
Travis Kelce is the victim of a Ponzi scheme targeting wealthy athletes
There were absolutely scammers, Ponzi schemes and pyramid schemes before the pandemic, but it definitely feels like there was a huge shift during and after the pandemic, right? Like, the pandemic broke so many brains and suddenly, the grift is everywhere, and everybody’s got a scam. That along with sports betting – I feel like […] Source
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