Travis Kelce's well-meaning investment has been flamed by White House officials after he lost big in a Ponzi scheme, RadarOnline.com has learned.
Prosecutors alleged a known fraudster, Siddharth Jawahar, scammed millions from investors, including Kelce.
After the Department of Justice put him behind bars, the White House taunted Kelce and took credit for the crackdown on the scammer.Travis Kelce Roasted by White HouseIn response to a news update on Jawahar, the official White House account wrote, "This is why we do what we do.
Seems like a good time to re-up the work of the White House Task Force to Eliminate Fraud: identifying fraud & protecting Americans." However, they then took a turn from the self-praise by roping an unsuspecting Kelce into the mix.
"Oh, and it looks like the next draft pick to join the Task Force is @tkelce!" they quipped.Travis Kelce Scammed in Elaborate Ponzi SchemeThe Kansas City Chiefs tight end was named in court on Tuesday, September 15, while prosecutors continued to levy their allegations against Jawahar.
They emphasized Kelce was a victim in the scheme, which ran through multiple LLCs consolidated into a company called Swiftarc.
Kelce's mishandled investment amount wasn't disclosed, and he was one of many scammed.
The company purported to have a $75million fund for telehealth, allegedly focusing on medical care, mental health apps, and pediatric care.
Additionally, Swiftarc and its....
