{
  "id": 10443068,
  "title": "From Delhi dream to $35m Ponzi scam: The rise and fall of ‘Sid’ Jawahar",
  "url": "https://urgent.news/2026/09/28/from-delhi-dream-to-35m-ponzi-scam-the-rise-and-fall-of-sid-jawahar",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T12:15:14.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/world/asia/india/how-delhi-born-sid-jawahar-duped-taylor-swift-s-husband-and-other-stars-1.500690742"
  },
  "original_language": "en",
  "account": "In 2005, Siddharth Jawahar relocated from Delhi to the United States, embarking on a path that would lead him to the realms of finance, philanthropy, and celebrity. Referred to as \"Sid,\" he established an investment firm, served on the board of a charitable foundation, and mingled with high-profile athletes and entertainers. Prominent figures such as NFL star Travis Kelce, now married to singer-songwriter Taylor Swift, became investors in his business. However, the scheme eventually unraveled, resulting in Jawahar's sentencing to 11 years in prison and a $31.35 million restitution order. According to prosecutors, Jawahar lured over $35 million from investors between 2016 and 2023, but only invested approximately $10 million of it. The remaining funds were allegedly used to sustain a lavish lifestyle, including private jet travel, luxury hotels, opulent apartments, club memberships, shopping sprees, and fine dining experiences. At least 64 individuals fell victim to the scam, with Kelce identified as one of them. NBA players Gary Harris, Tim Hardaway Jr., and Mason Plumlee were also among the affected. The Ponzi scheme operated by exploiting investor funds to repay earlier contributors, while simultaneously financing extravagant expenditures. Jawahar, who studied at the University of Texas at Austin, had a background rooted in philanthropy in Delhi, where his parents took him and his sister to polio immunization camps. He later aligned himself with charitable organizations, serving on the board of the Andy Roddick Foundation for four years.",
  "summary": "Delhi-born financier jailed in US for $35m Ponzi scam",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}