Archive · 17 Sep 2026
Travis Kelce Investor Defrauded in $35 Million Ponzi Scheme
Siddharth Jawahar ran an investment company called Swiftarc Capital.
People gave him money to invest for them.
Prosecutors said he put most of the money into one investment called Philip Morris Pakistan.
When that investment lost value, he allegedly did not tell investors.
Instead, he made it look as if their money was earning profits.
Prosecutors said he used money from new investors to pay earlier investors.
They also said he spent money on private jets, luxury hotels, homes, clubs, shopping and restaurants.
A judge sentenced him to 11 years in prison and ordered him to repay $31.35 million.
Siddharth Jawahar was sentenced to 11 years in prison after pleading guilty to three counts of wire fraud.
Jawahar was ordered to pay $31.35 million to Travis Kelce and other investors.
Prosecutors said 64 investors provided more than $35 million, but only about $10 million was invested.
Jawahar allegedly concealed losses in Philip Morris Pakistan and falsely reported profits.
Prosecutors said he used new investors’ money to repay earlier investors and fund a luxury lifestyle.
- Who
- Siddharth Jawahar, co-founder and managing partner of Swiftarc Capital, defrauded 64 investors, including American football player Travis Kelce.
- What
- Jawahar was sentenced to 11 years in prison and ordered to pay $31.35 million after pleading guilty to three counts of wire fraud.
- When
- The scheme allegedly operated from about July 2016 through December 2023; Jawahar was sentenced on Tuesday after pleading guilty in January.
- Where
- Jawahar operated Swiftarc Capital in Texas, while investors were located in Missouri and other states.
- Why
- Prosecutors said he concealed investment losses, falsely reported profits, failed to make promised investments and used newer investors’ money to repay earlier investors.
- Sentence
- 11 years in prison
- Restitution
- $31.35 million
- Investors affected
- 64
- Money collected
- More than $35 million
- Money invested
- About $10 million
- Main investment
- Philip Morris Pakistan
- Company
- Swiftarc Capital LLC
- Guilty plea
- Three counts of wire fraud
Sources
Indian-origin man jailed for 11 years after defrauding Taylor Swift’s husband Travis Kelce in $31 million investment fraud
"Weaponised Trust": Taylor Swift's Husband Duped By Indian-Origin Man