Travis Kelce named victim in massive $35M Ponzi scheme as fraudster gets 11 years in prison

Travis Kelce was reportedly named as a victim in a $35 million Ponzi scheme in a Missouri court on Tuesday. Prosecutors mentioned the NFL star’s name as one of the people duped by the mastermind of the scheme, Siddharth Jawahar, according to outlets KMOV and WENG. Jawahar, 38, was sentenced to 11 years in prison, according to a press release from the US Attorney’s Office, Eastern District of Missouri. Travis Kelce (seen here) was reportedly named as a victim in a $35 million Ponzi scheme. IMAGN IMAGES via Reuters Connect Kelce was an investor in a company run by Sid Jawahar, who was sentenced to 11 years in prison for running the Ponzi scheme. Getty Images for Swiftarc Ventures He pleaded guilty to three counts of wire fraud in January and was ordered to pay $31.35 million in restitution to his victims, the release said. Kelce, 36, was an investor in Swiftarc Venture Labs Fund, created by the investment company Swiftarc Capital LLC, which Jawahar co-founded, according to a 2021 Forbes article. He has not spoken out about the case. Page Six has reached out to Kelce’s rep for comment. Kelce’s name was mentioned by prosecutors as one of the victims of the scheme in a Missouri court on Tuesday. (Kelce is pictured here in NYC in April.) GC Images Kelce (seen here in NYC in May) has not spoken out about the case. GC Images Want more celebrity and pop culture news? Start your day with Page Six Daily. Thanks for signing up! In 2015, Jawahar began investing client funds in a single investment, Philip Morris Pakistan, for Swiftarc Capital LLC, which was based in Texas, per the release. But when PMP’s value began to decline, Jawahar allegedly lied to investors, falsely claimed that they were making profits. From about July 2016 through December 2023, Jawahar took in more than $35 million from Swiftarc investors, but he invested only about $10 million, the release said. Jawahar (seen here at An Evening With Swiftarc Ventures in Beverly Hills in 2022) allegedly swindled investors of his company, Swiftarc Capital LLC, out of $35 million. Getty Images for Swiftarc Ventures Jawahar (seen here with Brooke Foley at the American Ballet Theatre Fall Gala 2019 in NYC) allegedly used the money from investors to fund his “extravagant lifestyle.” Getty Images for LG Signature The businessman allegedly used the money from investors to pay back older investors and fund his “extravagant lifestyle,” which included “travel on private jets, stays at luxury hotels, a luxury apartment in Austin and New York City, memberships at multiple private clubs across the country, spending sprees at clothing stores and expensive outings at fancy restaurants.” After he was indicted, Jawahar tried to “coach a victim into giving a favorable statement to the FBI,” according to the release. He also allegedly lied about his immigration status and finances and tryied to get his sister to remotely wipe his iPhone to hide evidence. Community Guidelines Welcome to the Page Six Community! Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas in a safe space. In order to do so, we've created a simple set of rules that will improve your experience. Simply put, keep it civil. Your post will/might be rejected if it contains: Spam Insults, profanity, incoherent, obscene or inflammatory language and threats of any kind Attacks on the identity of other commenters or the article's author User accounts will/might be blocked if we notice: Continuous attempts to re-post comments that have been previously moderated/rejected Racist, sexist, or homophobic comments Attempts or tactics that put the site security at risk So, how can you be a power user? Stay on topic and share your passion. Feel free to elaborate to get your point across. 'Like' or 'Dislike' when you are filled with emotions! Protect your community. Use the report tool to alert us when someone breaks the rules. Thanks for reading our community guidelines. Don't forget, freedom of speech is not the freedom of reach!