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…
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