Date: September 17, 2026
Source: CNN
Topic: Travis Kelce, Ponzi Scheme, Financial Fraud
Kansas City Chiefs tight end Travis Kelce has been identified as one of the victims of a multimillion-dollar Ponzi scheme operated by investment adviser Siddharth Jawahar, who was sentenced this week to 11 years in federal prison. Prosecutors named Kelce during Jawahar’s sentencing but did not disclose how much he invested or how much he may have lost.
Jawahar, 38, ran Swiftarc Capital LLC, a Texas-based investment firm. Prosecutors said he collected more than $35 million from 64 investors between 2015 and 2023. Only about $10 million was actually invested, while the remaining money was used to repay earlier investors and fund an expensive lifestyle.
According to prosecutors, Jawahar concentrated roughly 99% of investor funds in a single overseas investment that later lost significant value. Rather than informing clients about the losses, prosecutors said he misrepresented the performance of their investments and used money from newer investors to pay earlier ones.
Authorities said the money also supported private-jet travel, luxury hotels, expensive apartments, restaurants and memberships at exclusive clubs. Jawahar pleaded guilty in January to three counts of wire fraud and was ordered to pay approximately $31.35 million in restitution to victims.
Kelce is not accused of any wrongdoing. His name was mentioned only as that of a victim, and prosecutors have not publicly disclosed the details of his investment. Other professional athletes have also been linked to investments in Jawahar’s firm, including NBA players Gary Harris, Tim Hardaway Jr. and Mason Plumlee.
Prosecutors also accused Jawahar of attempting to obstruct the investigation after his indictment, including efforts involving a victim and attempts to conceal evidence. The federal court ultimately imposed an 11-year prison sentence, followed by supervised release, in addition to the restitution order.
#Hashtags:
#CNN #TravisKelce #KansasCityChiefs #PonziScheme #SiddharthJawahar #FinancialFraud #WireFraud #NFL #BreakingNews #USNews
Date: September 17, 2026
Source: CNN
Topic: Travis Kelce, Ponzi Scheme, Financial Fraud
