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Siddharth Jawahar

All articles tagged with #siddharth jawahar

Kelce Named Among Victims in Multimillion-Dollar Ponzi Scheme
business2 hours ago

Kelce Named Among Victims in Multimillion-Dollar Ponzi Scheme

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.

Chiefs Tight End Kelce Is Named Victim in $35 Million Ponzi Scheme
business6 hours ago

Chiefs Tight End Kelce Is Named Victim in $35 Million Ponzi Scheme

Kansas City Chiefs tight end Travis Kelce was named as a victim in a Ponzi scheme run by Siddharth Jawahar’s Swiftarc Capital, which defrauded investors of more than $35 million; Jawahar was sentenced to 11 years in prison and ordered to pay about $31.35 million in restitution. Kelce’s exact investment details were not disclosed, and the piece notes that other athletes, including Gary Harris and Tim Hardaway Jr., were connected to similar investments.