Henry Abdo pleaded guilty in federal court to orchestrating an over $6 million investment fraud (Ponzi) scheme run through his company, Titanium Capital LLC.
According to court records, Abdo’s company, Titanium, purported to operate a sophisticated foreign-exchange platform that guaranteed fixed returns for investors. In reality, Titanium had no such platform, and Abdo used investor funds to pay off earlier investors and finance his personal lifestyle.
Beginning in July 2014, Abdo falsely claimed that Titanium was a “zero-risk” investment fund that generated profits from fees on foreign currency transactions. Abdo further deceived investors by claiming Titanium was part of a multibillion-dollar holding company, had developed proprietary software, and was registered with the Securities and Exchange Commission (SEC). In addition to fraudulent investment claims, court records reveal that Abdo attempted to bolster his credibility by falsely associating himself with various charitable and educational organizations. None of these claims were true.
Court documents indicate that Abdo solicited investments through in-person meetings, emails, video conferences, and phone calls. Abdo directed potential investors to websites and promotional materials that falsely depicted Titanium as a legitimate enterprise. In truth, Titanium operated as a classic Ponzi scheme, using funds from new investors to pay earlier investors while diverting large sums of money for Abdo’s personal use, including international travel and other expenses.
After soliciting millions from over 200 investors, Abdo’s scheme unraveled. Many victims were financially devastated. Several victims reported losing retirement accounts and personal savings that they had relied on for basic living expenses, such as food and medication.
On January 13, 2025, during a hearing before U.S. District Court Judge William P. Dimitrouleas, Abdo pleaded guilty to wire fraud, in violation of Title 18, United States Code, Section 1343.
Abdo faces up to 20 years in prison. The court will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
