{"id":51189,"date":"2026-09-16T09:50:15","date_gmt":"2026-09-16T09:50:15","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51189"},"modified":"2026-09-16T09:50:15","modified_gmt":"2026-09-16T09:50:15","slug":"illegal-immigrant-admits-to-orchestrating-25000000-ponzi-scheme-gets-11-year-prison-sentence","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51189","title":{"rendered":"Illegal Immigrant Admits To Orchestrating $25,000,000 Ponzi Scheme, Gets 11-Year Prison Sentence"},"content":{"rendered":"

\"\"<\/p>\n

A man who orchestrated a massive Ponzi scheme has admitted taking more than $25 million from investors.<\/p>\n

The DOJ\u00a0says<\/a> Siddharth Jawahar, an Indian national who has lived in the United States illegally since 2005, will serve an 11-year prison term plus three years of supervised release.<\/p>\n

Prosecutors say he took in more than $35 million from investors, but invested only about $10 million.<\/p>\n

He used the rest to pay earlier victims and fund private plane flights, luxury hotels and expensive restaurants.<\/p>\n

\u201cJawahar used money from new investors to repay older investors and to fuel an extravagant lifestyle that included travel on private jets, stays at luxury hotels, a luxury apartment in Austin and New York City, memberships at multiple private clubs across the country, spending sprees at clothing stores and expensive outings at fancy restaurants\u2026<\/em><\/p>\n

After his indictment, Jawahar tried to obstruct justice by trying to coach a victim into giving a favorable statement to the FBI, lying about his immigration status and finances and trying to get his sister to remotely wipe his iPhone to hide evidence.\u201d<\/em><\/p>\n

Jawahar pleaded guilty in January to three counts of wire fraud tied to Swiftarc Capital LLC.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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The post Illegal Immigrant Admits To Orchestrating $25,000,000 Ponzi Scheme, Gets 11-Year Prison Sentence<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A man who orchestrated a massive Ponzi scheme has admitted taking more than $25 million from investors. The DOJ\u00a0says Siddharth Jawahar, an Indian national who has lived in the United States illegally since 2005, will serve an 11-year prison term plus three years of supervised release. Prosecutors say he took in more than $35 million […]<\/p>\n","protected":false},"author":1,"featured_media":51190,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51189","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nIllegal Immigrant Admits To Orchestrating $25,000,000 Ponzi Scheme, Gets 11-Year Prison Sentence - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51189\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Illegal Immigrant Admits To Orchestrating $25,000,000 Ponzi Scheme, Gets 11-Year Prison Sentence - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A man who orchestrated a massive Ponzi scheme has admitted taking more than $25 million from investors. 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