Kansas City Chiefs tight end Travis Kelce was named in federal court Tuesday as one of the victims of a Ponzi scheme that defrauded investors of more than $35 million.

Siddharth Jawahar, 38, received an 11-year prison sentence and was ordered to pay $31.35 million in restitution during a hearing in U.S. District Court in St. Louis. Prosecutors with the U.S. Attorney’s Office for the Eastern District of Missouri identified Kelce as a victim during the proceeding, though the exact amount of his losses was not disclosed.

Jawahar operated Swiftarc Capital LLC, a Texas-based investment firm. Between 2016 and 2023, the company took in more than $35 million from investors but placed only about $10 million into actual investments, according to the Justice Department. Most of the funds went into a single stock, Philip Morris Pakistan, which declined sharply in value. Jawahar concealed the losses and used new investor money to pay earlier clients while funding an extravagant lifestyle that included private jet travel, luxury apartments in Austin and New York, high-end dining, and private club memberships.

Jawahar pleaded guilty in January to three counts of wire fraud. Court documents describe the operation as a classic Ponzi scheme that began soliciting funds as early as 2015.

A 2021 Forbes article previously linked Kelce to investments through Swiftarc alongside other professional athletes. Kelce has not been accused of any wrongdoing.

The case serves as a reminder that even high-earning athletes can fall prey to sophisticated financial fraud.

The sentencing marks the conclusion of a multi-year investigation into the scheme that affected victims across multiple states.