Travis Kelce named as victim in Ponzi scheme (Getty Images)
Starting in 2015, he funneled nearly all client money into a single overseas bet — Philip Morris Pakistan (PMP). At one point, 99% of investor funds sat inside that one position. Court records put the total taken from investors at $35,607,984. Only around $10 million was ever actually invested.
He told clients their money was growing. Jawahar ran Swiftarc Capital LLC, an investment firm registered in Texas. When PMP’s value fell off a cliff, Jawahar did what fraudsters do: he lied. Then he used fresh investor cash to pay off the older ones.
What is known is that between July 2016 and December 2023, Jawahar kept the scheme alive while living well off other people’s money — private jets, luxury apartments in Austin and New York City, private club memberships, Gucci runs, and high-end restaurant tabs. Kelce’s teammate Patrick Mahomes was robbed within 48 hours too.
District Judge Zachary Bluestone called the losses “enormous” during sentencing and cited the fraud’s length as a key factor in the prison term. One victim told the court that Jawahar had “weaponized” their trust. His attorney told ABC News: “Sid Jawahar is a very good man, who has made some very serious mistakes and is taking ownership of all of it.
Prosecutors noted a policy of not discussing individual victims in detail. When authorities closed in, he allegedly tried to coach a victim into giving favorable statements to the FBI, lied about his immigration status, and attempted to have his iPhone wiped remotely. U.S. The FBI and Manhattan District Attorney’s Office investigated the case jointly. The timing was deliberate. Investigators later determined that a criminal network had been tracking professional athletes using game schedules, hitting homes while players were guaranteed to be away. Seven men were eventually charged in connection with a broader spree that hit NFL and NBA players across multiple states. Two separate crimes. Two very different methods. One common thread — Kelce’s name kept showing up on the wrong side of the ledger.