NFL star Travis Kelce named victim in $35 million Ponzi scheme

Kansas City Chiefs tight end Travis Kelce was listed as a victim in a federal case involving Siddarth Jawahar, who operated a Ponzi scheme that swindled investors out of over $35 million. Jawahar was sentenced on Tuesday to 11 years in prison and ordered to pay more than $31 million in restitution. Prosecutors said Jawahar initially invested client funds in a venture with Philip Morris Pakistan, and after that failed, he used money from new investors to repay earlier ones. The specific amount Kelce lost was not disclosed.

"The defendant's actions caused significant financial harm to numerous investors," a prosecutor said. The case underscores the risks associated with investment opportunities that promise unusually high returns.