Travis Kelce named victim in $35M Ponzi scheme, fraudster gets 11 years
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Neutral summary
A Missouri court sentenced Siddharth Jawahar, 38, to 11 years in prison for running a Ponzi scheme that defrauded investors of more than $35 million, with Kansas City Chiefs tight end Travis Kelce named among the victims. Prosecutors mentioned Kelce in court without detailing his investment, according to St. Louis TV station KMOV. Jawahar, co-founder and managing partner of Texas-based Swiftarc Capital, was also ordered to pay $31.35 million in restitution. The scheme, which ran since 2016, affected at least 64 people, and reports suggest other professional athletes may also have been caught up in the fraud.
How it was framed
Outlets: 18. Countries: 9. Facts in the shared core: 6.
Publication timeline
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Daily Mail (outlet profile)
Travis Kelce revealed to be victim of huge Ponzi scheme by fraudster who stole $35m and splashed out on private jets and luxury hotels. The Chiefs tight end was named in federal court on Tuesday as one of the people who…
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New York Post (outlet profile)
Travis Kelce named victim in massive $35M Ponzi scheme as fraudster gets 11 years in prison. The NFL star was mentioned by prosecutors in a Missouri court as one of the people swindled by the mastermind of the scheme, S…
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New York Post (outlet profile)
Travis Kelce named as victim in $35 million Ponzi scheme run by illegal immigrant. Travis Kelce has been tagged as a victim in a major Ponzi scheme by prosecutors in a Missouri court, per multiple reports.
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Forbes (outlet profile)
Travis Kelce Named Victim In Fraudster’s Multi-Million Dollar Ponzi Scheme. The Kansas City Chiefs tight end was mentioned as a victim of ponzi schemer Siddharth Jawahar, who was sentenced to 11 years in prison.
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BFMTV (outlet profile)
NFL: Travis Kelce parmi les victimes d'une arnaque à 35 millions de dollars. La star de football américain, Travis Kelce, a été désignée comme l'une des victimes d'une importante escroquerie par les procureurs d'un trib…
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Times of India (outlet profile)
Siddharth Jawahar: Who is the Indian accused of taking Travis Kelce’s money?. Travis Kelce has found himself in a mess as a man named Siddharth jawahar has defrauded him for millions. Here is everything about him
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The Independent (outlet profile)
Travis Kelce named as victim in multi-million-dollar Ponzi scheme case. It’s unlikely that 36-year-old Kelce is the only professional athlete caught up in the fraudulent enterprise
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NBC News (outlet profile)
Travis Kelce named as victim in alleged multi-million dollar Ponzi scheme. Travis Kelce was named in court as one of the victims of Siddharth Jawahar, who defrauded investors of more than $35 million. NBC News' Gary Gru…
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The Independent (outlet profile)
Investment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce. The creator of a Texas-based investment company has been sentenced to 11 years in federal prison for running a Ponzi sche…
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El Economista (outlet profile)
Travis Kelce, esposo de Taylor Swift, entre las víctimas de una estafa millonaria. En el tribunal, fiscales mencionaron el nombre de Kelce como una de las víctimas de esta trama sin dar detalles de su inversión, según l…
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O Globo (outlet profile)
Astro da NFL e marido de Taylor Swift, Travis Kelce está entre as vítimas de golpe milionário nos EUA. O jogador de futebol americano Travis Kelce, marido da estrela pop Taylor Swift, faz parte de um grupo de investidor…
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NBC News (outlet profile)
Travis Kelce was among the victims of a man’s multi-million dollar Ponzi scheme. Kansas City Chiefs tight end Travis Kelce was among the victims of a man sentenced to 11 years in prison after he admitted to running what…
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Fox News (outlet profile)
Travis Kelce among pro athletes defrauded by Ponzi scheme that funneled funds into one stock. Travis Kelce was named as a victim in a $35 million Ponzi scheme run by Texas fund manager Siddharth Jawahar, who was sentenc…
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La Nación (outlet profile)
Travis Kelce, la pareja de Taylor Swift, fue víctima de una estafa millonaria. Un asesor financiero se quedó con el dinero de un grupo de inversores, entre los que se encontraba el jugador de fútbol americano
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Newsweek (outlet profile)
Travis Kelce Named Victim in Large Ponzi Scheme Raking in Millions: Report. Travis Kelce was identified in federal court as one of at least 64 victims of a multi-million-dollar fraud scheme.
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Le Parisien (outlet profile)
Travis Kelce, le footballeur américain marié à Taylor Swift, a été escroqué dans une Pyramide de Ponzi
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20 Minutes (outlet profile)
Etats-Unis : Le mari de Taylor Swift escroqué dans une pyramide de Ponzi. Le joueur de football américain Travis Kelce figure parmi des investisseurs ayant été victimes d’une escroquerie
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Ouest-France (outlet profile)
Le mari de Taylor Swift, Travis Kelsey, escroqué dans une pyramide de Ponzi. Travis Kelsey, footballeur américain et mari de Taylor Swift, fait parti des investisseurs ayant été escroqués de plusieurs millions de dollar…
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Kicker (outlet profile)
NFL-Star Kelce Opfer eines Millionen-Betrügers. Tight End Travis Kelce ist offenbar Opfer eines Millionen-Betrügers geworden. Der Profi der Kansas City Chiefs gehört laut eines Medienberichts zu den Investoren, die von…
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G1 (outlet profile)
Travis Kelce, marido de Taylor Swift, estaria entre investidores afetados por esquema que movimentou US$ 35 milhões. NFL no Brasil: Futebol americano busca expandir mercado com jogo em SP, Taylor Swift veio ver o noivo…
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BFMTV (outlet profile)
Travis Kelce, le mari de Taylor Swift, parmi les victimes d'une arnaque à 35 millions de dollars. L'arnaque commence en 2016 avec Swiftarc Capital, une société texane dirigée par Siddharth Jawahar et dans laquelle le jo…
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El Colombiano (outlet profile)
Travis Kelce, esposo de Taylor Swift, entre las víctimas de una estafa millonaria. El jugador de football americano Travis Kelce, esposo de la estrella del pop Taylor Swift, fue parte de un grupo de inversores estafados…
Factual core
- Travis Kelce, an American football player, was defrauded in a Ponzi scheme.
- Siddharth Jawahar was sentenced to 11 years in prison for the Ponzi scheme.
- The fraud involved a Ponzi scheme.
- The court ordered Jawahar to pay $31.35 million in restitution to victims.
- Jawahar withdrew over $35 million from Swiftarc but invested only about $10 million between July 2016 and December 2023.
- Part of the money was used to fund a luxury lifestyle, including private jets, high-end real estate, fine dining, and private club memberships.