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Travis Kelce named victim in $35 million Ponzi scheme that funnelled client funds into a single Pakistan stock

9/17/2026

Private fund managers who serve high-income clients can operate for years undetected if statements look credible and redemptions arrive on schedule.

Louis federal court named Kansas City Chiefs tight end Travis Kelce, 36, among the victims of a $35 million fraud run by Texas fund manager Siddharth Jawahar, 38, through his firm Swiftarc Capital LLC.

Department of Justice said Jawahar raised more than $35 million from investors between July 2016 and December 2023.

Rather than managing a diversified portfolio, he placed roughly 99% of client capital into a single position: Philip Morris Pakistan.