$35 Million Ponzi Scheme Bilked Investors, Reportedly Linked to Travis Kelce
Jawahar took more than $35 million from investors and spent the money on private jets, luxury apartments and clubs, prosecutors said.
- Siddharth Jawahar, a financier, was sentenced on Tuesday to 11 years in prison for orchestrating a Ponzi scheme that victimized NFL star Travis Kelce and other investors.
- Jawahar's Texas-based Swiftarc Capital LLC took more than $35 million from clients but invested only about $10 million from 2016 through 2023, with 99% of funds consolidated into Philip Morris Pakistan .
- Instead of investing, Jawahar spent funds on private jets, lavish hotels, luxury apartments in Texas and New York, and fancy clothes, while falsely claiming clients were making profits.
- Judge Zachary Bluestone cited "enormous" losses and failure to repay victims as key sentencing factors, though House of Representatives member Sam Graves had requested leniency for the financier.
- Court documents revealed Jawahar is an illegal immigrant who has been in the United States since 2005, and he was ordered to pay $31.35 million in restitution to Kelce and other investors.
28 Articles
28 Articles
Travis Kelce, American football player and husband of Taylor Swift, is one of the victims of a fraud case based on the Ponzi pyramid model.
The financial advisor Siddharth Jawahar brags several investors with false information for tens of millions of dollars. Among the trespasses is apparently also NFL superstar Travis Kelce. Jawahar is now going to jail.
NFL Chiefs' Kelce among investors bilked in Ponzi scheme
Kelce was named in court by prosecutors among the victims in a Ponzi scheme, according to St. Louis TV station KMOV, that saw Siddharth Jawahar sentenced Tuesday to 11 years in prison and ordered to pay $31.35 million to Kelce and other investors, the US Attorney's Office for the Eastern District of Missouri said. Jawahar, 38, was a co-founder and managing partner of Texas-based Swiftarc Capital, whose investors included Kelce. Judge Zachary M. …
Kansas City Chiefs Tight End and Taylor Swift’s Husband Travis Kelce Scammed by Illegal Alien Fraudster in Massive Ponzi Scheme * The Gateway Pundit * by Jordan Conradson
Kansas City Chiefs star Travis Kelce, the husband of liberal pop singer Taylor Swift, fell victim to a multi-million dollar Ponzi scheme perpetrated by an…
Travis Kelce named as victim in alleged multi-million dollar Ponzi scheme
Travis Kelce was named in court as one of the victims of Siddharth Jawahar, who defrauded investors of more than $35 million. NBC News' Gary Grumbach reports on Kelce's connection to Jawahar's investment firm, Swiftarc Ventures.
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