Travis Kelce A Victim In $35M Ponzi Scheme After Alleged Scammer Spent On Gucci & Private Jets
Defendant Siddharth Jawahar reportedly spearheaded the big scam through his Swiftarc Ventures Labs Fund.
Black News 
Kansas City Chiefs tight end Travis Kelce has won three Super Bowls, just won his season opener, and went from dating Kayla Nicole to marrying the biggest pop star in the world, Taylor Swift.
But despite all that, he still catches the occasional L.
His podcast, New Heights, which he hosts with his brother Jason Kelce, may be his biggest side hustle, but he’s also got a set of investments working for him, including one company that has declared him a victim of a scam.
According to USA Today, Kelce was the victim of a multi-million-dollar Ponzi scheme. Federal authorities prosecuted the alleged mastermind in Missouri, and a St. Louis-based investigative reporter for KMOV was in the courtroom when Kelce’s name was read.
He wasn’t mentioned much other than that, just along with 63 other victims who got tricked into investing a total of $35 million.
Defendant Siddharth Jawahar reportedly spearheaded the big scam through his Swiftarc Ventures Labs Fund. It included other sports stars like Tim Hardaway Jr., Gary Harris, Mason Plumlee, and Kelce’s former teammate Ross Travis.
Jawahar was mentioned in a 2021 Forbes article profiling Gary Harris’ off-the-court business deals and how he grew a friendship with Jawahar while learning about the venture capital world.
“Being around Sid has helped me grow so much as a person, especially looking to do more things than just basketball,” Harris said at the time.
But in actuality, according to the filing, all Jawahar did was embark on a “calculated years-long effort to enrich himself at the expense of his investors.”
His lifestyle included staying at five-star hotels, private flights across the country, eating at luxury restaurants, and shopping at places like Gucci and Neiman Marcus.
“Defendant Jawahar’s fraud was massive in scope and scale,” the filing reads. “From 2016 until 2024 Jawahar used all of his vast talents to steal from his friends and business associates.”
Jawahar pleaded guilty to three counts of wire fraud and was sentenced to 11 years in prison. He was also ordered to pay $31.35 million in restitution to his victims.
See social media’s reaction to Kelce getting caught up in a scam below.
