Archive · 17 Sep 2026
Siddharth Jawahar Pleads Guilty in $35 Million Ponzi Scheme
Siddharth Jawahar admitted that he committed three wire-fraud crimes.
Prosecutors say his scheme involved about $35 million.
Travis Kelce and other people were identified as victims.
After Jawahar was charged, prosecutors said he tried to influence what one victim told the FBI.
They said he coached the victim to provide a favorable statement.
Prosecutors also said Jawahar lied about his immigration status and money.
He allegedly asked his sister to erase information from his iPhone remotely.
These actions were described as attempts to hide evidence and interfere with the investigation.
Siddharth Jawahar pleaded guilty in January to three counts of wire fraud.
Prosecutors accused Jawahar of defrauding Travis Kelce and others in a $35 million Ponzi scheme.
After his indictment, Jawahar allegedly tried to obstruct the investigation by coaching a victim.
Prosecutors said he instructed the victim to give the FBI a favorable statement.
Jawahar also allegedly lied about his immigration status and finances and asked his sister to remotely wipe his iPhone.
- Who
- Siddharth Jawahar, with Travis Kelce and others identified as victims.
- What
- Jawahar pleaded guilty to three counts of wire fraud in connection with an alleged $35 million Ponzi scheme.
- When
- He pleaded guilty in January; prosecutors described additional conduct after his indictment.
- Where
- The articles do not specify a location.
- Why
- Prosecutors said Jawahar attempted to conceal evidence and influence a victim's statement during the investigation.
- Defendant
- Siddharth Jawahar
- Scheme type
- Ponzi scheme
- Alleged amount
- $35 million
- Guilty plea
- Three counts of wire fraud
- Named victim
- Travis Kelce
- Alleged obstruction
- Coaching a victim to give the FBI a favorable statement
- Alleged evidence concealment
- Requesting that his sister remotely wipe his iPhone