An illegal alien from India has been convicted of a massive Ponzi scheme that stole tens of millions from U.S. investors.
He pleaded guilty in January to three counts of wire fraud; Judge Zachary M. Bluestone sentenced him on September 15 to 11 years in prison, followed by deportation, per a DHS press release.
Jawahar must also repay $31.35 million to victims, the agency said.
“This criminal mastermind’s endgame was to steal their money so he could be popping champagne in the lap of luxury, but karma has finally tackled him. Once he completes his sentence, he will be SWIFTly deported from the United States and live the rest of his life in exile,” a DHS spokesperson declared, referencing the name of his firm, Swiftarc, and the agency’s SWIFT procurement program.
Jawahar entered the United States legally multiple times between 2005 and 2010 before overstaying his visa and receiving a Texas drunk‑driving conviction, DHS noted.
Scheme details
From 2015 to 2023, Jawahar ran Swiftarc Capital LLC in Texas, directing client funds into Philip Morris Pakistan (PMP) while falsely claiming profits as the investment’s value fell.
He raised more than $35 million from investors, of which only about $10 million was actually invested; the remainder funded private jets, luxury hotels, high‑end apartments, club memberships and extravagant dining.
Democrats may label him a “dreamer,” but investigators say he exploited illegal entry to enrich himself at the expense of American investors.
DHS response
The department reiterated its commitment to removing illegal aliens who commit crimes, stating that “DHS remains CHIEFly committed to deporting illegal aliens so that such injustices will never recur,” according to a spokesperson.
Because comprehensive data on crime rates among illegal immigrants are unavailable, officials caution that even a single case is unacceptable, the spokesperson added.
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