Travis Kelce named victim in $35 million Ponzi scheme as Siddharth Jawahar gets 11 years

  • Siddharth Jawahar’s scheme named Travis Kelce among its 64 victims.
  • Jawahar collected more than $35 million but invested about $10 million.
  • Jawahar received 11 years in prison and a $31.35 million restitution order.

Travis Kelce was named as one of 64 victims of Siddharth Jawahar’s Ponzi scheme, which raised more than $35 million through Texas-based Swiftarc Capital LLC. U.S. District Judge Zachary Bluestone sentenced Jawahar, 38, to 11 years in prison after his January guilty plea to three wire-fraud counts and ordered $31.35 million in restitution. Prosecutors said Jawahar invested only about $10 million, used new investor money to repay earlier investors and funded luxury spending. Court filings also describe the concealment of losses tied to Philip Morris Pakistan, alleged efforts to interfere with the investigation, and false statements concerning his finances and immigration status. The amount Kelce lost remains unclear.

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