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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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Travis Kelce was identified as the victim of a $35 million Ponzi scam. The person responsible was sentenced to 11 years in prison.
Indian-origin man who scammed Taylor Swift's husband with $35 mn ponzi scheme splurged on jets & hotels
A US court has sentenced Siddharth Jawahar to 11 years in prison. Taylor Swift’s husband Travis Kelce among his victims, Jawahar used investors’ money to fund his luxury lifestyle.
·New Delhi, India
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Although the fake financial advisor has been convicted, the football player will now have to claim the lost money
·Madrid, Spain
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Travis Kelce was the victim of a fraud through a Ponzi scheme operated by Siddharth Jawahar through Swiftarc.
·Mexico
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Coverage Details
Total News Sources326
Leaning Left47Leaning Right50Center135Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 20%
C 58%
R 22%
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