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Travis Kelce, tight end for the Kansas City Chiefs, is among the victims of a $35 million Ponzi scheme run by Siddharth Jawahar, who was sentenced to 11 years in prison and ordered to pay $31.35 million in restitution. Jawahar used investor funds from his company Swiftarc Capital LLC for personal expenses while claiming high returns that never materialized. Other professional athletes like NBA players Gary Harris, Tim Hardaway Jr., and Mason Plumlee are also reportedly victims of the scheme.
Written by the local model on 2026-09-17,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Travis Kelce, a tight end for the Kansas City Chiefs, was named as one of the victims in a $35 million Ponzi scheme in Missouri court on Tuesday. The fraudster, Siddharth Jawahar, received an 11-year prison sentence and was ordered to pay $31.35 million in restitution. Jawahar, who co-founded Swiftarc Capital LLC in Texas, took investors' money from about July 2016 through December 2023 but invested only about $10 million. He used the funds for an extravagant lifestyle and to repay earlier investors with new ones' investments. Kelce's involvement and investment amount remain undisclosed.
Written for “Travis Kelce Ponzi Scheme Victim” on 2026-09-17,
grounded in this article and the 2 other(s) covering the same event.
Kansas City Chiefs tight end Travis Kelce is among the victims of a Ponzi scheme that took in more than $35m from unsuspecting investors, a Missouri prosecutor said.
asserted
prosecutor → take → investors
The prosecutor mentioned Kelce in court Tuesday as 38-year-old Siddharth Jawahar was sentenced to 11 years in prison.
asserted
Jawahar → mention → prison
The US attorney’s office of the eastern district of Missouri said Jawahar pleaded guilty to three counts of wire fraud in US district court in St Louis in January.
asserted
Jawahar → say → January
He also was ordered to pay $31.35m in restitution.
asserted
He → order → restitution
Television station KMOV reported that the prosecutor brought up Kelce’s name without further comment.
asserted
prosecutor → report → comment
It is not known when Kelce made the investment or how much he spent.
asserted
he → know → much
According to a news release from the US attorney’s office, Jawahar ran a Texas-based investment company, Swiftarc Capital LLC, that in 2015 began taking money from investors.
uncertain
that → accord → investors
He put all of the money he accepted into a single investment, which dropped in value.
asserted
which → put → value
He did not notify investors of the loss, told them they were making money and took money from new investors to repay the earlier investors.
asserted
they → notify → investors
He also used the investment funds to support what prosecutors called “an extravagant lifestyle” filled with private jets, luxury living, elegant dining and memberships in private clubs.
asserted
prosecutors → use → clubs
Jawahar was given more than $35m but invested only about $10m from July 2016 through December 2023, per the news release.
asserted
Jawahar → give → release
Kelce, 36, is unlikely to be the only athlete involved in the Ponzi scheme.
asserted
Kelce → involve → scheme
A 2021 article in Forbes about the growing financial portfolio of NBA guard Gary Harris incorporated several comments from Harris about his investments, which included Swiftarc Ventures Labs Fund.
asserted
which → grow → Fund
Jawahar was the co-founder and managing partner, and Harris also spoke of how much he had learned from Jawahar.
asserted
he → manage → Jawahar
The Forbes article mentioned other athletes who had invested, naming Kelce and NBA players Tim Hardaway Jr and Mason Plumlee.
asserted
who → mention → Kelce
Kelce, Hardaway and Harris all have career earnings in excess of $111m each, according to Spotrac.
uncertain
Kelce → have → Spotrac
In July, Kelce married Taylor Swift, who had a net worth of $2.1bn on the day of their wedding, according to Forbes.
uncertain
who → marry → Forbes
After speculation about his potential retirement swirled last season, Kelce signed a one-year extension to return for his 14th campaign with the Chiefs.
asserted
Kelce → swirl → Chiefs
Kansas City beat the Denver Broncos in their season opener on Monday.
asserted
City → beat → Monday
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