Fraud mastermind behind multimillion-dollar Ponzi scheme that victimized Travis Kelce is illegal immigrant
The mastermind behind the multimillion-dollar Ponzi scheme that even victimized NFL star Travis Kelce is an illegal immigrant from India.Thirty-eight-year-old Siddharth Jawahar was sentenced to 11 years in prison this...
By Fox News · Fox News
The mastermind behind the multimillion-dollar Ponzi scheme that even victimized NFL star Travis Kelce is an illegal immigrant from India. Thirty-eight-year-old Siddharth Jawahar was sentenced to 11 years in prison this week for running a $35 million investment wire fraud scheme . At his sentencing, Judge Zachary Bluestone said that through his investment company, Swiftarc Capital LLC, Jawahar "weaponized" investors' trust, resulting in "massive" losses for the victims. Jawahar raised more than $35 million from investors between 2016 and 2023 and only invested roughly $10 million of that total. He spent the remainder funding personal luxuries, including private jet charters, upscale apartments in Austin and New York, high-end dining, shopping sprees at clothing stores and exclusive private club memberships. He has now been ordered to pay $31.35 million in restitution to his victims. But that is not the end of Jawahar’s legal issues. He may also be subject to deportation . According to the Department of Justice and a court document reviewed by Fox News Digital, Jawahar is an illegal immigrant from India who has been living in the U.S. since 2005. TRUMP ADMIN’S FRAUD CRACKDOWN TARGETS FOREIGNERS ACCUSED OF INFILTRATING US FEDERAL PROGRAMS Further, the DOJ said that after his indictment on three counts of wire fraud and one count of investment-adviser fraud in 2023, Jawahar tried to obstruct justice by coaching a victim into giving a favorable statement to the FBI while lying about his immigration status and finances. He also tried to get his sister to remotely wipe his iPhone to hide evidence, the DOJ said. Jawahar pleaded guilty to three counts of wire fraud in January 2026. Among Jawahar’s victims was Kelce , the Kansas City Chiefs tight end who recently married pop superstar Taylor Swift, and several NBA players, including Gary Harris, Tim Hardaway Jr. and Mason Plumlee. The DOJ said Jawahar’s victims resided in Missouri and elsewhere. FORMER USCIS OFFICIAL, ACCOMP…