Chiefs star Travis Kelce is named among victims of $35m Ponzi scheme
Published 1w ago · Updated 1w ago
Travis Kelce was named in court as a victim of a thirty-five million dollar Ponzi scheme.
Kansas City Chiefs tight end Travis Kelce has been identified in court as one of the victims of a fraudulent investment scheme that defrauded investors of tens of millions of dollars. The disclosure was made by prosecutors during the sentencing hearing of the scheme's perpetrator, who received an eleven-year prison sentence following a guilty plea to wire fraud charges. Several other professional athletes were also reported to have put money into the fraudulent Swiftarc firm.
- Siddharth Jawahar was sentenced to eleven years in federal prison in St Louis.
- The perpetrator pleaded guilty to three counts of wire fraud earlier in the year.
- The fraudulent scheme managed to take in more than thirty-five million dollars from unsuspecting investors.
By the numbers
Why it matters
High-profile athletes are frequently targeted by or inadvertently entangled in sophisticated financial fraud due to their substantial earnings and high public profiles. Cases like this highlight the risks professional athletes face when navigating complex investment vehicles.
What outlets agree on
Prosecutors stated in court that Travis Kelce was among the victims of a Ponzi scheme run by Siddharth Jawahar, who was sentenced to eleven years in prison.
In this story
Covered by 2 outlets
100% of the sources are Left
Lean ratings via AllSides
- The IndependentInvestment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce1w ago · open ↗
- The GuardianChiefs star Travis Kelce is named among victims of $35m Ponzi scheme1w ago · open ↗
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