36-year-old Indian-American Siddharth Jawahar indicted by US grand jury for running a $35m Ponzi scheme from 2016 to 2023.
36-year-old Indian-American Siddharth Jawahar has been indicted by a US grand jury in a Ponzi scheme. The FBI is seeking potential Miami-area victims of Jawahar, who allegedly ran a multimillion-dollar scam from July 2016 to December 2023. Jawahar took in over $35m from Swiftarc investors, spending around $10m on company investments, while using new investor funds to repay older investors and fund a lavish lifestyle. The FBI urges victims to come forward.
March 14, 2024
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