Chiefs’ Travis Kelce named as victim in multi-million dollar Ponzi scheme: Report

Chiefs' Travis Kelce named as victim in multi-million dollar Ponzi scheme: Report.

Key points

• Prosecutors listed Kansas City Chiefs tight end Travis Kelce as a victim of a multi-million-dollar Ponzi scheme that was prosecuted in St.
• Travis Kelce spoke to media at Chiefs training camp regarding his wedding night with Taylor Swift calling it the 'best night' of his life.
• Jawahar, 38, pleaded guilty to three counts of wire fraud, according to court documents obtained by USA TODAY Sports.
• As the report notes, little was remarked concerning Kelce in court, other than him being named among at least 64 victims in the fraud case.

Chiefs' Travis Kelce named as victim in multi-million dollar Ponzi scheme: Report. Jacob Camenker USA TODAY. Travis Kelce discussions for first time concerning wedding with Taylor Swift.

Prosecutors listed Kansas City Chiefs tight end Travis Kelce as a victim of a multi-million-dollar Ponzi scheme that was prosecuted in St. Louis, according to a St Louis-based KMOV investigative reporter who was in the courtroom when his name was read.

As the report notes, little was remarked concerning Kelce in court, other than him being named among at least 64 victims in the fraud case. Kelce's name is not included in the indictment or judgement in the case, both of which were obtained by USA TODAY Sports. Victim impact statements in the case are sealed.

Kelce was listed as an investor in a fund created by Swiftarc. It was founded by the defendant in the case, Siddarth Jawahar, according to a 2021 Forbes article. Basketball players Tim Hardaway Jr., Gary Harris and Mason Plumlee were additionally listed as investors in the fund by Forbes, but it wasn't immediately clear if they were additionally victims of the fraud scheme.

Notably, the indictment obtained by USA TODAY Sports outlined that Jawahar "took tens of millions of dollars from his investors" instead of making promised investments on their behalf.

Jawahar then applied capital acquired from new investors to pay off his previous investors. He then applied the remainder to fund "extravagant lifestyle expenses, including payments for flights on private planes, stays at luxury hotels, and expensive outings at lavish restaurants."

Jawahar, 38, pleaded guilty to three counts of wire fraud, according to court documents obtained by USA TODAY Sports. He was sentenced by U.S. District Judge Zachary M. Bluestone to 11 years in prison and will additionally be required to pay $31.35 million in restitution to his victims. SMS Facebook Twitter Email. Share your feedback to support improve our site! Share your feedback to support improve our site!

In short, chiefs Travis Kelce named as victim in multi-million dollar Ponzi scheme: Report is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.