Travis Kelce, Other Athletes Victims in Multi-Million Dollar Ponzi Scheme
Prosecutors said Travis Kelce was among at least 64 victims, and Siddharth Jawahar was ordered to pay $31.35 million in restitution.
- Kansas City Chiefs tight end Travis Kelce was identified in federal court as one of at least 64 victims of a multimillion-dollar Ponzi scheme during recent proceedings in St. Louis.
- Siddharth Jawahar pleaded guilty to three counts of wire fraud after collecting more than $35 million from investors between July 2016 and December 2023. U.S. District Judge Zachary M. Bluestone sentenced him to 11 years in federal prison.
- Prosecutors detailed that Jawahar "took tens of millions of dollars from his investors" instead of making promised investments, then used funds for personal expenses including private jet flights, luxury hotels, and expensive restaurants.
- A 2021 Forbes article identified Kelce as an investor in the Swiftarc Venture Labs Fund, though his name does not appear in Jawahar's indictment or judgment documents and he faces no wrongdoing allegations.
- Neither Kelce nor Taylor Swift has publicly commented on the matter. The case also involved NBA players Tim Hardaway Jr., Gary Harris, and Mason Plumlee, though it remains unclear if they were identified as victims.
12 Articles
12 Articles
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
Travis Kelce Among Investors Duped in $31M Ponzi Scheme
Travis Kelce's name surfaced in federal short this week—not for anything on the football field, but as one of dozens of investors duped in a nationwide Ponzi scheme. A short reporter tells NBC News that a prosecutor said the Kansas City Chiefs star was among the "high-profile" victims of...
An embarrassment for football superstar Travis Kelce! The husband of pop icon Taylor Swift apparently fell for a fraud.
A Texan has cheated investors by $35 million. Now it is clear: NFL star Travis Kelce is also one of his victims.
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