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Travis Kelce named as victim in Ponzi scheme: What to know
USA Today • • general
Key Points:
- Kansas City Chiefs tight end Travis Kelce was named as a victim in a multi-million-dollar Ponzi scheme prosecuted in St. Louis, with at least 64 victims identified in the case.
- Kelce was listed as an investor in a fund created by Swiftarc, founded by defendant Siddarth Jawahar, who also attracted investments from NBA players Tim Hardaway Jr., Gary Harris, and Mason Plumlee.
- Siddarth Jawahar pleaded guilty to wire fraud after taking tens of millions of dollars from investors and using new investor money to pay previous investors while funding a lavish lifestyle.
- Jawahar was sentenced to 11 years in prison and ordered to pay $31.35 million in restitution to his victims by U.S. District Judge Zachary M. Bluestone.
- Victim impact statements in the case remain sealed, and Kelce's name does not appear in the indictment or judgment documents obtained by USA TODAY Sports.
