From Page Six · · 50s
Travis Kelce named in $35m Ponzi scheme
NFL star Travis Kelce named victim in $35m Ponzi scheme as fraudster gets 11 years.
In brief
NFL star Travis Kelce named victim in $35m Ponzi scheme as fraudster gets 11 years. Travis Kelce was named a victim in a $35 million Ponzi scheme run by Siddharth Jawahar, who received 11 years in prison. Originally reported by Page Six.
Victim named
Travis Kelce was named a victim in a $35 million Ponzi scheme.
Fraudster sentenced
Siddharth Jawahar received 11 years in prison for wire fraud.
Investor role
Kelce invested in Swiftarc Capital LLC, Jawahar’s company.
Fraud details
Jawahar took $35 million from investors but only invested $10 million.
Lifestyle claims
Jawahar used funds for private jets, luxury hotels, and expensive dining.
What next
Jawahar will pay $31.35 million in restitution to victims.
Here's the gist
Travis Kelce was named a victim in a $35 million Ponzi scheme run by Siddharth Jawahar, who received 11 years in prison.
