Travis Kelce’s name surfaced in a massive investment fraud case involving convicted financier Siddharth Jawahar. The Kansas City Chiefs tight end reportedly appeared as a victim, with prosecutors offering little detail about his connection.
Jawahar received an 11-year prison sentence after admitting to a scheme that drained millions from investors. The case involved more than $35 million in investor funds and eventually resulted in $31.35 million in restitution.
Travis Kelce named as a victim in a $31 million fraud case
According to the U.S. Attorney’s Office for the Eastern District of Missouri, Jawahar pleaded guilty to three wire fraud counts in January. Judge Zachary M. Bluestone sentenced him on September 15 and ordered $31.35 million in restitution. Jawahar operated Texas-based Swiftarc Capital LLC and began investing client money in Philip Morris Pakistan in 2015. When that investment lost value, prosecutors said he concealed the losses and falsely reported profits.
From July 2016 through December 2023, Jawahar collected over $35 million from investors. However, he invested only about $10 million, using newer investors’ money to repay earlier clients.
According to PEOPLE, Kelce’s connection involved the Swiftarc Venture Labs Fund. Forbes had identified Kelce as an investor in that fund in 2021. Jawahar had co-founded Swiftarc Capital, which created the investment fund.
KMOV and WENG reported that prosecutors mentioned Kelce only briefly during the Missouri proceedings. They did not provide further details about the football star’s investment or losses. Jawahar allegedly used investor money to support an extravagant lifestyle. Prosecutors listed private jet travel, luxury hotels and apartments in Austin and New York City.
His spending also included private club memberships, clothing purchases and expensive restaurant outings. The scheme involved numerous Swiftarc-related entities, including Swiftarc Fund LP and Swiftarc Growth Fund LP. The case took another turn after Jawahar’s indictment. Prosecutors said he tried to “coach” a victim into giving the FBI a favorable statement.
The U.S. Attorney’s Office also said Jawahar lied about his immigration status and finances. He allegedly asked his sister to remotely wipe his iPhone to conceal evidence. The FBI and Manhattan District Attorney’s Office investigated the case. Assistant U.S. Attorney Derek Wiseman prosecuted the matter.
Kelce’s name appeared in connection with the investment fund, but prosecutors did not accuse him of wrongdoing.
