ST. LOUIS — A former Texas-based investment adviser on Wednesday admitted running a Ponzi scheme that cost investors in Missouri and elsewhere more than $25 million.
Siddharth Jawahar, 38, pleaded guilty in U.S. District Court in St. Louis to three counts of wire fraud.
Jawahar ran a Texas-based investment company called Swiftarc Capital LLC. He initially invested in a diverse array of securities, but in 2015, began investing client funds in a single investment, Philip Morris Pakistan (PMP)…