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Posted on 09/16/2026 11:09:24 AM PDT by Mr. Mojo
Travis Kelce has been tagged as a victim in a major Ponzi scheme by prosecutors in a Missouri court, per multiple reports.
The Chiefs star tight end was named in court on Tuesday as one of many to be wronged by Siddharth Jawahar, described by the U.S. Attorney’s Office as an illegal immigrant who was sentenced to 11 years in prison for fraud that took away more than $35 million from investors.
The 38-year-old pleaded guilty to three counts of wire fraud in U.S. District Court in St. Louis in January and was ordered to pay over $31 million in restitution to his victims, per a press release from the U.S. Attorney’s Office, Eastern District of Missouri.
Kelce’s losses were not disclosed nor did prosecutors expand on the 36-year-old’s connection to the case.
Jawahar ran a Texas-based investment company, Swiftarc Capital LLC, and funneled nearly all his client funds in a single investment, Philip Morris Pakistan (PMP) in 2015.
Per the release, when the value of PMP went south, Jawahar did not inform his investors and instead led them to believe he invested their money in a specific company and were making a profit. Yet, of the $35 million, Jawahar invested only about $10 million dating from July 2016 to December 2023.
Rather, Jawahar was known for his expensive taste.
(Excerpt) Read more at nypost.com ...
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Nigerians be like: hey, it wasn’t us....
You are a millionaire.
Hire some competent employees.
Coincidence on company name “Swiftarc Capital LLC”?
He could have just opened a Schwab account, bought Philip Morris Intl (PM), earned a compounded 7.8% return on investment, PLUS what would now be an annual @9% dividend payout on his original investment.
If they had just bought Phillip Morris (PM) they would have made money. Buying stock in a third world company isn’t a good idea.
That was real swift of him.....................
“Travis Kelce has been tagged as a victim in a major Ponzi scheme by prosecutors....”
Hope these prosecutors get thrown in jail!!
schwab account?
7%????
I know people who have been sucked into schemes. Otherwise smart people, but they have a flaw. The money they have is never enough.
So once someone comes along who appears professional and talks a good game, they fall for it.
You can almost see the dollar signs in their eyes, people like Travis Kelce. They’re mesmerized.
There are no short-cuts.
Be happy God and your parents gave you the body, talent, and capacity the play professional football and stop being greedy.
Maybe Taylor can write a song about it.
Siddharth Jawahar, above, an illegal Indian immigrant ....on a faked H1B visa?.....was sentenced to 11 years in prison for a $35 million investment fraud he concocted. The Texas-based fraudster pleaded guilty to three counts of wire fraud and was ordered to pay over $31 million in restitution to his victims (U.S. Attorney’s Office, Eastern District of Missouri).
Altria has a lower P/E, lower price per share, and a dividend that’s roughly the same, although the business model might be riskier.
What’s the average IQ of football players?
Things Kelce did were not very smart. Don’t guys like this have experts handling their money?
He doesn’t need to play football. He could be a ‘stay at home husband’ and let his wife bring in the money.
Taylor probably spends more per year on bath bombs than Travis lost in this swindle.
Most people like him do not handle their own money. Making money is one job, managing it is quite another. And both are full time jobs.
One too many concussions.
Managing that kind of wealth is a full time job.
Ok. Watch in 2 months it will be something else
When he is not in the headlines he gets himself back in. Quick
I see what you did there.
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