Jaswant Singh Gill, 57, of Sacramento, pleaded guilty January 15, 2026, to one count of wire fraud for orchestrating an investment fraud scheme, U.S. Attorney Eric Grant of the Eastern District of California announced.
According to court documents, between May 2024 and June 2025, Gill was the Chief Executive Officer of Kismet Capital Partners LLC. Using Kismet Capital, Gill executed a scheme to defraud that involved making false representations and promises in exchange for purported investments. Gill falsely represented to investors that Kismet Capital was an investment firm with about 20 employees. He falsely promised that funds invested into Kismet Capital would be used solely for investment purposes, and the investor would receive a specific monthly rate of return. Based on the promises, a victim investor sent approximately $777,470 in the form of cash and wire transfers to be invested into Kismet. The victim obtained these funds from sources including personal loans, loans against an IRA, and a home equity line of credit. Gill also used at least one of the victim’s credit cards to obtain cash advances.
Instead of using the funds for investment purposes, Gill used the stolen funds for his own personal use including, paying for dinners at restaurants, paying a personal driver, and purchases of luxury items. During the time that Gill was stealing the investor’s funds, Gill falsely assured the investor that their investment was growing, when in fact, the investment was not growing.
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Also based on court records, Gill committed this scheme to defraud while on federal supervised release that was imposed after Gill’s 2018 conviction for wire fraud in another federal judicial district.
The Federal Bureau of Investigation conducted the investigation. Assistant U.S. Attorney Nchekube Onyima is prosecuting the case.
Gill is scheduled to be sentenced on April 2, 2026, before Chief U.S. District Judge Troy L. Nunley. Gill faces a maximum statutory penalty of 20 years in prison and a $250,000 fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the federal Sentencing Guidelines, which take into account a number of variables.