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Siddharth Jawahar, 38, was sentenced to 11 years in prison after being found guilty of running a $35 million Ponzi scheme that defrauded numerous investors, including NFL player Travis Kelce. Jawahar co-founded Swiftarc Capital LLC and falsely claimed high returns from investments for clients like Kelce between 2016 and 2023. The fraudster was ordered to pay $31.35 million in restitution and had used client funds to maintain an extravagant lifestyle.
Written by the local model on 2026-09-16,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Siddharth Jawahar, 38, a co-founder of Swiftarc Capital LLC, was sentenced to 11 years in prison and ordered to pay $31.35 million in restitution for running a Ponzi scheme from about July 2016 through December 2023 that defrauded investors out of over $35 million. Travis Kelce, the NFL star, was named as one of Jawahar’s victims. Jawahar pleaded guilty to three counts of wire fraud in January and misled investors by falsely claiming their investments were profitable when they were actually losing money on a single investment: Philip Morris Pakistan (PMP). The scheme began when Jawahar started investing client funds solely in PMP, which eventually led to significant losses as the company's value declined.
Written for “Travis Kelce Ponzi Scheme Victim” on 2026-09-17,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political
question, so it has no leaning score. That is an
answer rather than a gap: a match report or a rescue can be warmly
or critically written without being left or right, and scoring it
anyway is how approval of a subject gets recorded as a political
position.
No political leaning scored for article 14013 · logged 2026-09-16
Travis Kelce was reportedly named as a victim in a $35 million Ponzi scheme in a Missouri court on Tuesday.
uncertain
Kelce → name → Tuesday
Prosecutors mentioned the NFL star’s name as one of the people duped by the mastermind of the scheme, Siddharth Jawahar, according to outlets KMOV and WENG.
uncertain
Prosecutors → mention → KMOV
Jawahar, 38, was sentenced to 11 years in prison, according to a press release from the US Attorney’s Office, Eastern District of Missouri.
uncertain
Jawahar → sentence → Missouri
He pleaded guilty to three counts of wire fraud in January and was ordered to pay $31.35 million in restitution to his victims, the release said.
asserted
release → plead → victims
Kelce, 36, was an investor in Swiftarc Venture Labs Fund, created by the investment company Swiftarc Capital LLC, which Jawahar co-founded, according to a 2021 Forbes article.
uncertain
Jawahar → create → article
He has not spoken out about the case.
asserted
He → speak → case
Page Six has reached out to Kelce’s rep for comment.
asserted
Six → reach → comment
In 2015, Jawahar began investing client funds in a single investment, Philip Morris Pakistan, for Swiftarc Capital LLC, which was based in Texas, per the release.
asserted
which → begin → release
But when PMP’s value began to decline, Jawahar allegedly lied to investors, falsely claimed that they were making profits.
uncertain
they → begin → profits
From about July 2016 through December 2023, Jawahar took in more than $35 million from Swiftarc investors, but he invested only about $10 million, the release said.
asserted
release → take → million
The businessman allegedly used the money from investors to pay back older investors and fund his “extravagant lifestyle,” which included “travel on private jets, stays at luxury hotels, a luxury apartment in Austin and New York City, memberships at multiple private clubs across the country, spending sprees at clothing stores and expensive outings at fancy restaurants.
uncertain
which → use → restaurants
After he was indicted, Jawahar tried to “coach a victim into giving a favorable statement to the FBI,” according to the release.
uncertain
Jawahar → indict → release
He also allegedly lied about his immigration status and finances and tryied to get his sister to remotely wipe his iPhone to hide evidence.
uncertain
sister → lie → evidence
Your voice matters.
asserted
voice → matter → ?
Discussions are moderated for civility.
asserted
Discussions → moderate → civility