Travis Kelce Named as Investor-Victim in Jawahar Ponzi Case
TL;DR
Travis Kelce is identified as an investor among more than 64 victims in a federal Ponzi scheme led by Siddarth Jawahar. Jawahar pleaded guilty to wire fraud, received an 11-year prison sentence, and was ordered to pay over $31 million in restitution. Kelce’s name appeared briefly in a St. Louis courtroom but he was not named in the indictment. The scheme allegedly used new investor funds to pay earlier investors and fund a lavish lifestyle; other notable investors, such as Tim Hardaway Jr., Gary Harris, and Mason Plumlee, were mentioned, though it’s unclear whether they were victims.
Topics:sportscrime#crime#investment-fraud#ponzi-scheme#siddarth-jawahar#swiftarc-ventures#travis-kelce
- Chiefs' Travis Kelce among the victims in Ponzi scheme, per report CBS Sports
- Man sentenced in $35 million Ponzi scheme that bilked dozens, including Travis Kelce CNN
- Chiefs star Travis Kelce is named among victims of $35m Ponzi scheme The Guardian
- Chiefs' Travis Kelce named as victim in multi-million dollar Ponzi scheme USA Today
- Missouri congressman urged leniency for Ponzi schemer who hired longtime consultant Missouri Independent
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