Siddharth Jhawar pleaded guilty to a $35 million Ponzi scheme.
Posted by Kevin Kietzman Has Issues, Checked
- Sources
- 2 support
- Said
- 1 time·
- Confidence
- 90%
Kevin Kietzman Has IssuesSep 17, 2026
Reuters and AP, both tier1 and published 2026-09-16, report that Siddharth Jawahar (spelled 'Jhawar' in the claim) pleaded guilty in January to wire fraud over a Swiftarc Capital scheme that took in more than $35 million from investors, and was sentenced to 11 years.
What was said
… This one's crazy. It's getting all kinds of attention now. We broke it first yesterday on radio. Travis Kelsey, according to a magazine article from 2021, was an investor in a fund created by Swift Arc, which is odd because he married a woman named Swift. The defendant is Siddharth Jhawar. He co-founded it, he's from India, and he's currently in St. Genevieve County Jail and has pleaded guilty and will spend 11 years in the penitentiary for this. It gets worse: it's a $35 million Ponzi scheme. We don't know what, how much, Travis Kelsey lost. This guy basically was flying around on private jets, staying at luxury hotels, living a fancy life, raising money from rich people, and then passing it on to people that the investment hadn't worked out for …
Kevin Kietzman Has Issues · · from the transcriptPost →What we found
Supports. Reuters reports that Jawahar was sentenced to 11 years after pleading guilty to three counts of wire fraud, in a Ponzi scheme that took in more than $35 million from investors.[1]
Supports. The AP reports that Siddharth Jawahar pleaded guilty in January to three counts of wire fraud, and that prosecutors say he took in more than $35 million from investors in a Ponzi scheme run through Swiftarc Capital LLC.[2]
Context. The claim spells the name 'Jhawar' while the sources spell it 'Jawahar'; this is a minor spelling variant for the same defendant, which does not change the claim's referent.[1][2]
Sources
2 sources: 2 fact-checkers
- 1Travis Kelce named a victim in $35M Ponzi schemereuters.com · fact-checker · cited for: supports, context
- 2Travis Kelce among victims in Ponzi scheme that ensnared 64 ...apnews.com · fact-checker · cited for: supports, context
Where this claim was made
Said in 1 published post
Related claims
- Siddharth Jhawar was sentenced to 11 years in prison for a Ponzi scheme.True
- Sadajahuar engaged in a Ponzi scheme of $35 million.True
- Siddharth Jhawar paid $10,000 to Axiom Strategies to obtain letters of support for his sentencing.True
- A person involved in a Ponzi scheme that targeted Travis Kelce was sentenced to 11 years in prison.True