MIAMI – A Lebanese national has been sentenced to 14 years in prison for running a massive Ponzi scheme that duped over 200 investors out of $6 million.
Henry Abdo, 48, of Lebanon, was sentenced to 168 months in prison and ordered to pay a $300,000 fine and $375,479 in restitution by United States District Court Judge William P. Dimitrouleas on May 8, 2025.
Abdo pled guilty in federal court to orchestrating a fraudulent scheme that solicited over $6 million from investors under false pretenses.
According to court records, Abdo’s company, Titanium Capital LLC, purported to operate a foreign exchange platform that guaranteed fixed returns for investors.
However, in reality, Titanium Capital had no such platform, and Abdo used investor funds to pay off earlier investors and finance his personal lifestyle.
Abdo’s scheme began in July 2014 and continued until his arrest, during which time he falsely claimed that Titanium Capital was a “zero-risk” investment fund that generated profits from fees on foreign currency transactions.
Abdo also deceived investors by claiming Titanium Capital was part of a multibillion-dollar holding company, had developed proprietary software, and was registered with the Securities and Exchange Commission.
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 Capital as a legitimate enterprise.
However, 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.
Abdo also attempted to bolster his credibility by falsely associating himself with various charitable and educational organizations.
Abdo’s scheme has left many victims financially devastated, with several victims reporting losing retirement accounts and personal savings that they had relied on for basic living expenses, such as food and medication.
The case was investigated by the FBI’s Miami Field Office, with assistance from the Palm Beach Resident Agency.
Assistant U.S. Attorneys Jonathan Bailyn and Justin Chapman prosecuted the case.
The case number is 23-cr-80209.
Related Federal Cases
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- Sanjay Singh, Ponzi Scheme, Florida 2020 · Illinois
Key Facts
- State: Florida
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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