Kelce Named Among Victims in Multimillion-Dollar Ponzi Scheme

1 min read
Source: NBC News
Kelce Named Among Victims in Multimillion-Dollar Ponzi Scheme
Photo: NBC News
TL;DR Summary

Travis Kelce was identified as a victim in Siddharth Jawahar’s alleged multimillion-dollar Ponzi scheme run through Swiftarc Capital LLC. Jawahar, 38, was sentenced to 11 years in federal prison and ordered to repay about $31 million to investors defrauded between 2016 and 2023. Prosecutors say he used funds from new investors to pay earlier ones and to fuel an extravagant lifestyle, including private jets and luxury travel. Kelce’s exact involvement was not detailed, and representatives did not comment.

Share this article

Reading Insights

Total Reads

0

Unique Readers

11

Time Saved

405 min

vs 406 min read

Condensed

100%

81,12678 words

Want the full story? Read the original article

Read on NBC News