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Ponzi Schemer Admits Bilking Investors in Missouri, Elsewhere Out of $25 Million
January 21, 2026
ST. LOUIS, Missouri, Jan. 21 -- The office of the U.S. Attorney for the Eastern District of Missouri posted the following news release:

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Ponzi Schemer Admits Bilking Investors in Missouri, Elsewhere out of $25 Million

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. Lou . . .

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