Travis Kelce knows a thing or two about taking hits, but prosecutors say the Chiefs superstar got walloped off the field too. Kelce was named in federal court Tuesday as a victim of Siddharth Jawahar, who ran a Ponzi scheme that prosecutors say sucked in more than $35 million from investors. Jawahar, 38, was sentenced to 11 years in prison and ordered to pay more than $31 million in restitution.
According to the feds, Jawahar ran Swiftarc Capital LLC and funneled nearly all of his clients’ money into one investment: Philip Morris Pakistan. When that bet went south, prosecutors say Jawahar lied to investors about how their money was performing while using new investor cash to pay earlier clients. He also lived large on the money, splurging on private jets, luxury hotels, restaurants, shopping, and pricey apartments.
Kelce’s exact losses were not disclosed, and prosecutors made clear he was a victim, not accused of any wrongdoing. His name had previously been linked to Swiftarc’s venture fund, though authorities did not spell out exactly how his investment was tied to the scheme. Jawahar will now spend more than a decade behind bars.
