The Aporia
Siddharth Jawahar, the 38-year-old founder of Swiftarc Capital LLC based in Texas, was sentenced to 11 years in federal prison for running a $35 million Ponzi scheme that defrauded around 64 investors, including NFL star Travis Kelce. The fraud began in 2015 when Jawahar took all client funds and invested them solely in Philip Morris Pakistan (PMP). When PMP's value declined, he lied to investors about their returns and used new investments to pay earlier ones, also funding his lavish lifestyle. Prosecutors say Kelce is one of many high-profile victims, but the specifics of his investment remain undisclosed. Jawahar was ordered to pay $31.35 million in restitution to his victims.