U.S. Attorney Markenzy Lapointe | U.S. Department of Justice
Henry Abdo, a 47-year-old from Lebanon, has admitted in federal court to conducting a Ponzi scheme exceeding $6 million through his company, Titanium Capital LLC. Court records reveal that Titanium falsely claimed to offer a foreign-exchange platform with guaranteed returns. In reality, the firm had no such platform, and Abdo used new investors' funds to pay off earlier ones and support his lifestyle.
Since July 2014, Abdo misled investors by presenting Titanium as a "zero-risk" fund profiting from foreign currency transaction fees. He further deceived them by asserting that Titanium was part of a multibillion-dollar holding company with proprietary software registered with the SEC. Additionally, he falsely linked himself to charitable and educational organizations.
Court documents show that Abdo attracted investments through various means including meetings and digital communication. Promotional materials wrongly portrayed Titanium as legitimate while it operated as a Ponzi scheme, using new investments for earlier payouts and personal expenses like international travel.
The scheme involved over 200 investors and resulted in significant financial loss for many victims who lost retirement accounts and savings essential for basic needs.
On January 13, 2025, before U.S. District Court Judge William P. Dimitrouleas, Abdo pled guilty to wire fraud under Title 18 of the United States Code Section 1343. He could face up to 20 years in prison upon sentencing after considering guidelines and statutory factors.
The announcement was made by U.S. Attorney Markenzy Lapointe for the Southern District of Florida along with Special Agent in Charge Jeffrey B. Veltri of the FBI's Miami Field Office.
The investigation was conducted by FBI Miami’s Palm Beach Resident Agency with prosecution led by Assistant U.S. Attorneys Jonathan Bailyn and Justin Chapman.
For more information on related court documents, visit the District Court for the Southern District of Florida's website or access case number 23-cr-80209 on PACER.
