A luxury fueled investment empire, millions in missing money and 64 victims, including NFL star Travis Kelce.
A federal judge has sentenced Siddharth Jawahar to 11 years in prison after prosecutors said his Texas investment business took more than $35 million from investors and used new money to repay earlier investors and finance luxury spending. Travis Kelce was identified in court as one of the 64 victims, but the public record does not disclose how much Kelce invested, when he invested, or how much he lost.
How Siddharth Jawahar built Swiftarc
Jawahar, 38, ran Austin-based Swiftarc Capital LLC. Federal prosecutors said the firm initially invested client money across different securities. In 2015, however, Jawahar began concentrating client funds in Philip Morris Pakistan (PMP). By 2019, the indictment said, 99% of client funds had been consolidated into the stock.
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The problem was not simply concentration. Texas regulators said Jawahar instructed the fund administrator to value PMP at 4,000 Pakistani rupees per share even as brokerage statements showed 3,230 rupees in September 2019, 1,760 in May 2020 and 541 on May 25, 2022. The board said PMP was thinly traded, with monthly volume below 3,500 shares by September 2019. It revoked Swiftarc Capital’s registration and ordered Jawahar to cease and desist from fraud on June 7, 2022. The regulator also said the valuation was not disclosed as coming from Jawahar and was not reflected as an independent mark-to-market statement in investor materials provided to clients.
Federal prosecutors alleged that Jawahar did not tell investors about that regulatory action. Prosecutors said he continued soliciting money, including $1 million from an investor only weeks after the state order.
Federal prosecutors said Jawahar collected more than $35 million from about July 2016 through December 2023 but invested only about $10 million. The rest was allegedly used for payments to earlier investors and personal expenses, including private-plane travel, luxury hotels, apartments in Austin and New York, private-club memberships, clothing and expensive restaurant outings.
How Travis Kelce entered the picture
Kelce’s connection to Jawahar predates the criminal case. A 2021 Forbes profile of NBA player Gary Harris identified Kelce as an investor in the Swiftarc Venture Labs Fund. The same article named NBA players Tim Hardaway Jr. and Mason Plumlee as investors. Harris said he learned about Swiftarc through Plumlee and developed a relationship with Jawahar, whom the article described as Swiftarc’s co-founder and managing partner.
That establishes Kelce’s investment connection to a Swiftarc vehicle, but it does not establish the precise transaction that prosecutors later counted among the victims. During Jawahar’s sentencing, a prosecutor identified Kelce as a victim. His name does not appear in the indictment or judgment, and victim-impact statements in the case are sealed. Public reporting from the courtroom said no additional details about Kelce’s investment or loss were provided.
The public record, however, makes an important distinction. There is no verified public figure showing that Kelce personally lost $35 million. The $35 million figure refers to money Jawahar took from Swiftarc investors collectively. The restitution order was $31.35 million for victims as a group.
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The other investors and the federal case
The known investor group extends beyond professional athletes. The indictment and plea record describe investors in Missouri, New York and Ohio. Jawahar admitted that he falsely promised specific investments to individual investors, including Missouri investors who gave him $175,000 and $75,000, a New York investor who gave him $350,000 and an Ohio investor who gave him $250,000.
The federal investigation involved the FBI and the Manhattan District Attorney’s Office. A grand jury returned a four-count indictment in December 2023 charging three counts of wire fraud and one count of investment-adviser fraud. The FBI arrested Jawahar in Miami in January 2024 after the indictment was unsealed.
Jawahar pleaded guilty to three wire-fraud counts on January 21, 2026. As part of the criminal case, prosecutors established that he had also attempted to obstruct the investigation after indictment. The Justice Department said he tried to coach a victim into giving the FBI a favorable statement, lied about his immigration status and finances and sought to have his sister remotely wipe his iPhone.
On September 15, 2026, U.S. District Judge Zachary M. Bluestone sentenced Jawahar to 11 years and ordered $31.35 million in restitution. The judge cited the length of the fraud and what prosecutors described as enormous losses. Jawahar’s sentence followed his guilty plea, so the earlier indictment’s allegations were no longer the sole basis for the criminal judgment.
The case also shows how long the regulatory and criminal story overlapped. Texas regulators had revoked Swiftarc’s registration in 2022; the federal indictment followed in December 2023; the guilty plea came in January 2026; and the prison sentence arrived in September.
For Kelce, the central unanswered facts remain financial rather than legal. The public record identifies him as a victim, while leaving his investment amount, dates, losses and the specific Swiftarc fund involved undisclosed. The same gap applies to whether Harris, Hardaway or Plumlee were victims: their 2021 investment connections are documented, but their status in the criminal victim list has not been publicly established.
What is established is the mechanism prosecutors proved: money entered through Swiftarc, much of it was not invested as represented, new investor funds were used to meet earlier obligations, and Jawahar pleaded guilty to wire fraud. The sentencing converted that federal case from an indictment into a judgment, while the details of Kelce’s individual exposure remain sealed or otherwise outside the public record.
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