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[CRIME] · United States · 66 sources

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Siddharth Jawahar sentenced to 11 years for $35M Ponzi scheme

Ponzi scheme wire fraud Travis Kelce Siddharth Jawahar Swiftarc Capital

Siddharth Jawahar, the founder of Texas-based Swiftarc Capital LLC, has been sentenced to 11 years in federal prison for orchestrating a multimillion-dollar Ponzi scheme. Prosecutors stated that between 2016 and 2023, Jawahar collected over $35 million from investors but only invested approximately $10 million.

Jawahar reportedly funneled nearly 99% of the client funds into a single investment, Philip Morris Pakistan. When the value of that investment declined, he misled clients by claiming they were still making profits. Instead, he used funds from new investors to repay older ones and to finance an extravagant lifestyle involving private jets, luxury hotels, and high-end designer shopping at retailers such as Gucci and Louis Vuitton.

Kansas City Chiefs tight end Travis Kelce was identified during court proceedings as one of at least 64 victims of the fraud. While his specific financial losses were not disclosed, records indicate he had previously invested in a fund established by Jawahar’s company. Other professional athletes, including NBA players Gary Harris, Tim Hardaway Jr., and Mason Plumlee, were also linked to the scheme. Jawahar pleaded guilty to three counts of wire fraud and was ordered to pay $31.35 million in restitution.

Entities

Andy Reid · Denver Broncos · Kansas City Chiefs · Philip Morris Pakistan · Siddharth Jawahar · Swiftarc Capital LLC · Taylor Swift · Travis Kelce · U.S. Attorney’s Office, Eastern District of Missouri · Xavier Worthy

Sources

Travis Kelce Named Victim In Ponzi Scheme [forbesliberia.com]
1 day ago
SPORTS BRIEFING [www.morningjournalnews.com]
about 9 hours ago
Taylor Swifti abikaasa langes miljonitesse ulatuva petuskeemi ohvriks [www.paevauudised.ee]
1 day ago
Travis Kelce named victim in multimillion-dollar fraud case run by illegal immigrant [heartlandernews.com]
2 days ago
Condenan a fundador de Swiftarc Capital por fraude tipo Ponzi de 35mdd; Travis Kelce, entre 64 víctimas [www.marquesina.mx]
about 11 hours ago
Nach ARD-Aus: Stefan Mross feiert Premiere bei RTL [www.t-online.de]
about 5 hours ago
Travis Kelce A Victim In $35M Ponzi Scheme After Alleged Scammer Blew Money On Gucci & Private Jets [rnbphilly.com]
about 20 hours ago
Marido de Taylor Swift, Travis Kelce é vítima de esquema de R$ 184 milhões | CNN Brasil [www.cnnbrasil.com.br]
1 day ago
Travis Kelce Named Victim in $35M Ponzi Scheme as Siddharth Jawahar Sentenced to 11 Years [world-today-journal.com]
1 day ago
Travis Kelce A Victim In $35M Ponzi Scheme After Alleged Scammer Blew Money On Gucci & Private Jets [cassiuslife.com]
about 20 hours ago
Travis Kelce ID'd as a Victim of Multi-Million Ponzi Scheme [fanbuzz.com]
1 day ago
Siddharth Jawahar, 11 Yıl Hapis Cezası Aldı [www.haberaktuel.com]
1 day ago
Estafaron al esposo de Taylor Swift: así operaba el fraude de US$35 millones [meridiano.net]
1 day ago
Investment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce [mymotherlode.com]
1 day ago
Travis Kelce: How scammer used NFL star's money to fund lavish lifestyle [www.pulsesports.ng]
1 day ago
Travis Kelce A Victim In $35M Ponzi Scheme After Alleged Scammer Blew Money On Gucci & Private Jets [theboxhouston.com]
about 20 hours ago
Travis Kelce Falls Victim To Illegal Immigrant’s Ponzi Scheme [trendingpoliticsnews.com]
1 day ago
Travis Kelce suffers financial loss after being named as victim in multi-million dollar Ponzi scheme [www.tyla.com]
1 day ago
Travis Kelce Named Victim In $35 Million Ponzi Scheme As Operator Sentenced To 11 Years [vinnews.com]
1 day ago
Travis Kelce A Victim In $35M Ponzi Scheme After Alleged Scammer Blew Money On Gucci & Private Jets [wtlcfm.com]
about 20 hours ago
Travis Kelce Victim In $35 Million Ponzi Scheme, Scammer Gets 11 Years [balleralert.com]
1 day ago
How much did Travis Kelce lose? Chiefs star caught in $35 million Swiftarc fraud case [baltimorechronicle.com]
1 day ago
Chồng Taylor Swift là nạn nhân vụ lừa đảo 925 tỷ đồng [cafebiz.vn]
about 10 hours ago
Travis Kelce is the victim of a Ponzi scheme targeting wealthy athletes – Cele|bitchy [www.celebitchy.com]
about 23 hours ago
Travis Kelce, esposo de Taylor Swift, quedó involucrado en una millonaria estafa [www.ellitoral.com.ar]
1 day ago
Tom Cruise says Taylor Swift schooled him about football [www.en.etemaaddaily.com]
about 7 hours ago
Travis Kelce, marido de Taylor Swift, fue victima de una estafa Ponzi [www.filo.news]
1 day ago
Millionen-Betrüger lässt Travis Kelce auflaufen [www.hna.de]
1 day ago
Travis Kelce é apontado como vítima de fraude milionária nos EUA; entenda - Hugo Gloss [hugogloss.uol.com.br]
1 day ago
Người đàn ông sinh năm 1988 lĩnh án 11 năm tù vì lừa đảo 910 tỷ đồng, cầu thủ nổi tiếng còn là nạn nhân [kenh14.vn]
about 11 hours ago
Zur Belustigung des „Bares für Rares“-Experten: Horst Lichter zeigt sich mit Haarpracht [www.kreiszeitung.de]
about 23 hours ago
Travis Kelce A Victim In $35M Ponzi Scheme After Alleged Scammer Blew Money On Gucci & Private Jets [kysdc.com]
about 20 hours ago
Siddharth Jawahar: quién es y cómo terminó en prisión por fraude [laverdadnoticias.com]
1 day ago
Taylor Swift’s Husband Travis Kelce Fleeced by Illegal Alien in Massive $35 Million Ponzi Scheme [WATCH] [www.lifezette.com]
about 17 hours ago
Travis Kelce A Victim In $35M Ponzi Scheme After Alleged Scammer Blew Money On Gucci & Private Jets [krnb.com]
about 20 hours ago
Zur Belustigung des „Bares für Rares“-Experten: Horst Lichter zeigt sich mit Haarpracht [www.mannheim24.de]
about 23 hours ago
Übernächtigt und frisch gebackener Grand-Slam-Sieger: Zverev überrascht Thomalla live bei Günther Jauch [www.merkur.de]
about 16 hours ago
Travis Kelce A Victim In $35M Ponzi Scheme After Alleged Scammer Blew Money On Gucci & Private Jets [mycolumbusmagic.com]
about 20 hours ago
Zur Belustigung des „Bares für Rares“-Experten: Horst Lichter zeigt sich mit Haarpracht [www.op-online.de]
about 23 hours ago
Übernächtigt und frisch gebackener Grand-Slam-Sieger: Zverev überrascht Thomalla live bei Günther Jauch [www.ruhr24.de]
about 16 hours ago
Tom Cruise says Taylor Swift schooled him about football [www.socialnews.xyz]
about 9 hours ago
Travis Kelce Roasted For Falling Victim To Ponzi Scheme As Fans Compare Him To 'Economically Savvy' Wife, Taylor Swift [theblast.com]
about 17 hours ago
“Taylor Swift Did Not Marry Him for His Brains”: Travis Kelce Victimized in $35M Ponzi Scheme Days After Reaching 2nd on NFL All-Time Yardage List for Tight Ends [theshadowleague.com]
about 19 hours ago
Travis Kelce, esposo de Taylor Swift, entre las víctimas de una estafa millonaria [tribunanoticias.mx]
1 day ago
Übernächtigt und frisch gebackener Grand-Slam-Sieger: Zverev überrascht Thomalla live bei Günther Jauch [www.tz.de]
about 16 hours ago
Travis Kelce Named as Victim of $35M Ponzi Scheme [www.wealthmanagement.com]
about 16 hours ago
Travis Kelce Named As Victim In Massive Ponzi Scheme & Absolutely Nobody Is Surprised [www.whiskeyriff.com]
1 day ago
Tom Cruise says Taylor Swift ‘schooled’ him on football [yespunjab.com]
about 6 hours ago
Travis Kelce Victimized By Criminal Ring That Forces People To Dress Like Idiots [babylonbee.com]
about 16 hours ago
Travis Kelce Falls Victim to $35M Ponzi Scheme [www.cheatsheet.com]
about 20 hours ago
Travis Kelce fue víctima de fraude financiero: ¿Cómo funcionó el esquema Ponzi que captó 35 mdd? [www.elfinanciero.com.mx]
about 11 hours ago
How Did Travis Kelce Get Caught Up in a Ponzi Scheme? Lawyers Explain [heavy.com]
about 12 hours ago
Tom Cruise finally answers the question everyone had about those Taylor Swift football photos [www.hellomagazine.com]
about 8 hours ago
Taylor Swift's Husband Named in Court Over a $35M Ponzi, Operator to Repay $31M After Texas Told It to Stop [www.ibtimes.co.uk]
about 20 hours ago
„Grant und Gloria“: Neuer Bayern-Podcast aus München startet mit Wiesn-Reporterin und Ilse Aigner [www.merkur.de]
1 day ago
Travis Kelce Named as Victim in Siddharth Jawahar’s $35 Million Ponzi Scheme, Fraudster Gets 11 Years in Prison: Report [okmagazine.com]
1 day ago
Why Travis Kelce Was Named In A $31 Million Fraud Scheme [www.sheknows.com]
1 day ago
Schlager-Eklat: Stefan Mross attackiert SWR nach letzter „Immer wieder sonntags“-Sendung – „Am A. . . lecken!“ [www.suedkurier.de]
about 9 hours ago
Investment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce [www.troyrecord.com]
1 day ago
Taylor Swift and Travis Kelce Enjoy Date Night at the Chiefs Player’s Kansas City Restaurant [www.usmagazine.com]
about 15 hours ago
Travis Kelce, marido de Taylor Swift, é vítima de golpe milionário [veja.abril.com.br]
1 day ago
Jason Kelce Says His Daughters Couldn’t Stop Calling Taylor Swift This When They First Met Her [www.billboard.com]
about 14 hours ago
Investment firm leader gets 11 years for Ponzi scheme that bilked dozens, including Travis Kelce [www.independent.co.uk]
1 day ago
Taylor Swifts Ehemann Travis Kelce wird um Millionen betrogen [www.n-tv.de]
1 day ago
Travis Kelce named as victim in alleged multi-million dollar Ponzi scheme [www.nbcnews.com]
1 day ago
Travis Kelce named as victim in $35 million Ponzi scheme run by illegal immigrant [nypost.com]
2 days ago