Siddharth Jawahar

Story in The Guardian.

Siddharth Jawahar, founder of investment firm Swift Arc Capital, has been sentenced to 11 years in prison after pleading guilty to three counts of wire fraud.

Prosecutors say he concealed investment losses and used money from new investors to repay earlier investors while also spending funds on private debts, luxury living, and private clubs.

He received more than $35 million from investors but invested only around $10 million between 2016 and 2023.

So let's go through the timeline.

In 2010, a man by the name of Siddharth Jawahar opened up what was called Swift Arc Fund, and this was a limited partnership.

And this is a pooled vehicle for U.S. and foreign security, so a pretty standard approach to investing.

And in the prospectus, or what he reported to his prospective investors, was that it was to hold no more than 12% of the invested capital in any single sector.

Uh, what can you tell us about that?

Department of Homeland Security tells us that Indian national Siddharth Jawahar, he was convicted of carrying out a $35 million Ponzi scheme, that he overstayed his visa and was earlier convicted of a DWI in Texas.

Now, this also comes-

Wow

doing that? 2026 NFL week one recap, historic scoring, massive upsets and streaming backlash, of course.

And the biggest storylines, how Siddharth Jawahar's Swift Art Capital Ponzi scheme targeted Travis Kelce and 63 other investors.

hey you got that name good well

it's because i've been playing assassin's creed

Travis Kelce.

Travis Kelce was a victim, not an accomplice.

He was reportedly among at least 64 investors in Siddharth Jawahar's Swift Art Capital.

His exact financial loss hasn't been disclosed.

In a post on X about the news that Kelsey had fallen victim to the fraudster accused of stealing $35 million from investors, the White House wrote, This is why we do what we do.

The Kansas City Chiefs player was among those reportedly fleeced by Siddharth Jawahar through SwiftTarq LLC to fund his lavish lifestyle.

I'm Rob Martyr.

The U.S. Central Command says the military has escorted one billion barrels of oil and over 2,000 commercial vessels out of the Persian Gulf in recent months.

Travis Kelsey is a victim of a Ponzi scheme.

Federal prosecutors tried and convicted and now sentenced Siddharth Jawahar.

He's an undocumented alien.

And was sentenced to 11 years in jail for creating a Ponzi scheme in which one of the victims was Travis Kelsey.

And this story happened earlier in the week, and a sad story for Travis Kelsey, but that's all I thought.

Once you start peeling some of the layers of this story, it gets more bizarre.

Siddharth Jawahar, as I said, an undocumented alien who scammed Americans out of $30 million, sentenced to 11 years in jail.

This is where the story gets interesting, because Sidwath Jarwihar hired Axiom Strategies for $10,000, and the head of Axiom Strategies, which will become very important in a minute, According to court documents, they have jailhouse recordings of the owner of Axiom, this Jeff Rowe, sitting with him in jail trying to strategize how to get an article published in the local newspaper and then have it geofenced so the judge can read what a good guy Jarrah is hoping to reduce his sentence.

Has been named as a victim of a multi-million dollar Ponzi scheme.

Prosecutors said Siddharth Jawahar was responsible for scamming millions from Kelsey, Tim Hardaway Jr., and Detroit Pistons center Mason Plumlee, and Detroit guard Gary Harris, Joe O'Hara received an 11-year sentence on Tuesday and ordered to pay back $31.35 million to those he had wronged and scammed.

They say what the Ponzi scheme was?

He... said that he was involved with Philip Morris India and needed to invest money in a tobacco, something to do with tobacco and Philip Morris.