Miami, FL – A Lebanese national, Henry Abdo, 48, has been sentenced to 14 years in prison and fined $300,000 by a United States District Court in Miami after pleading guilty to orchestrating a $6 million investment fraud scheme. Additionally, Abdo has been ordered to pay $375,479 in restitution.
Abdo, who operated under the guise of his company, Titanium Capital LLC, deceived investors by claiming to run a foreign exchange platform that guaranteed fixed returns. However, Titanium Capital had no such platform, and Abdo instead used the funds to pay off earlier investors and finance his personal lifestyle.
Beginning in July 2014, Abdo falsely marketed Titanium Capital as a “zero-risk” investment fund, allegedly generating profits from foreign currency transaction fees. He further misled investors by asserting that the company was part of a multibillion-dollar holding company, had developed proprietary software, and was registered with the Securities and Exchange Commission—all of which were false claims.
Abdo solicited investments through various means, including in-person meetings, emails, video conferences, and phone calls. He directed potential investors to websites and promotional materials that falsely portrayed Titanium Capital as a legitimate business. In reality, it functioned as a Ponzi scheme, using new investors’ funds to pay earlier ones while diverting substantial amounts for Abdo’s personal use, including international travel.
To bolster his credibility, Abdo falsely associated himself with charitable and educational organizations and claimed that Titanium Capital’s profits were donated to assist the blind and handicapped.
The fraudulent scheme affected over 200 investors, many of whom suffered significant financial losses. Victims reported losing retirement savings and personal funds essential for living expenses such as food and medication.
The case was announced by U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and acting Special Agent in Charge Brett Skiles of the FBI’s Miami Field Office. The investigation was conducted by the FBI Miami’s Palm Beach Resident Agency, with prosecution led by Assistant U.S. Attorneys Jonathan Bailyn and Justin Chapman in West Palm Beach, Florida.
