TITLE: United States Securities and Exchange Commission Obtains Final Judgments Against Titanium Capital and Founder for Operating Ponzi Scheme
BODY:
On March 4, 2026, the United States District Court for the Southern District of Florida entered a final judgment against Henry Abdo and his Florida-based company, Titanium Capital LLC, for operating a multi-million dollar Ponzi scheme. The Securities and Exchange Commission (SEC) had filed its complaint on December 14, 2023, alleging that Abdo and Titanium raised more than $5.3 million from at least 162 investors by falsely promising guaranteed double-digit returns with no risk of loss.
The SEC alleged that Abdo and Titanium used virtually all investor funds to make Ponzi-like payments to earlier investors, transfer funds to Abdo's family members and related parties, pay commissions to promoters, and finance Abdo's international travel. On March 4, 2026, the Court granted the SEC's motion for summary judgment against Abdo and entered a final judgment permanently enjoining him from violating Sections 5 and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The judgment also prohibited Abdo from participating in the issuance, purchase, offer, or sale of any security, except for his own personal account. The Court ordered Abdo liable for disgorgement of $2,920,668 and prejudgment interest of $467,933, offset by $375,479 in restitution ordered in a parallel criminal action in which Abdo pleaded guilty to wire fraud and was sentenced to 168 months in prison. On February 17, 2026, the Court entered a final default judgment against Titanium on the same terms. The SEC's claims against defendant Carol Ann Barsh and relief defendants Elias Halim Abdo and Ganna Migulina were previously dismissed.
REFERENCES:
U.S. Securities and Exchange Commission. "Titanium Capital LLC; Henry Abdo." Litigation Release No. 26512, March 30, 2026. https://www.sec.gov/litigation/litreleases/2026/lr26512.htm