Travis Kelce Named as a Victim in a $35 Million Ponzi Scheme
- 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.
245 Articles
245 Articles
Investment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce - WSVN 7News | Miami News, Weather, Sports
ST. LOUIS (AP) — The creator of a Texas-based investment company has been sentenced to 11 years in federal prison for his role in a...
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 fell for $35 million Ponzi scheme run by illegal...
Kansas City Chiefs star tight end Travis Kelce was named as one of the victims defrauded in a $35 million Ponzi scheme by an illegal immigrant during a Tuesday sentencing. The man behind the scheme, was sentenced to 11 years in prison. Siddharth Jawahar, 38, an Indian national living in... Read More The post Travis Kelce fell for $35 million Ponzi scheme run by illegal immigrant appeared first on The Horn News - Proudly American, Fiercely Indep…
Taylor Swift's Husband Falls For Illegal Immigrant's $35 Million Ponzi Scheme - The American Tribune.com
In some major news out of federal court, an illegal alien was charged with bilking American investors out of tens of millions of dollars in a ridiculous investment scheme targeting the rich and famous, most notable among whom was Travis Kelce, the Kansas City Chiefs football star husband of far-left pop star and performer Taylor [...]
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...
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