Kansas City Chiefs star Travis Kelce was a victim in a multimillion-dollar Ponzi scheme. Siddharth Jawahar was sentenced to eleven years for defrauding investors of over thirty-five million dollars.
Jawahar allegedly invested client funds poorly and used new money to pay earlier investors. He spent investor cash on a lavish lifestyle including private jets and luxury hotels.
Kelce's exact financial loss in this scheme has not been disclosed.
This story was reported by The Times of India. Read the full coverage at The Times of India.
