On January 13, 2025, Henry Abdo, 47, of Lebanon, pleaded guilty in federal court to orchestrating a $6 million Ponzi scheme through his company, Titanium Capital LLC. Abdo falsely marketed Titanium as a “zero-risk” foreign-exchange investment fund, claiming it guaranteed fixed returns for investors.
Court records revealed that Titanium had no legitimate foreign-exchange platform, and Abdo used funds from new investors to pay earlier investors while financing his personal lifestyle, including international travel. Abdo also falsely claimed the company was part of a multibillion-dollar holding company, had proprietary software, and was registered with the SEC.
From July 2014, Abdo solicited over 200 investors through meetings, emails, and promotional materials that portrayed Titanium as a legitimate enterprise. Victims were financially devastated, with some losing their retirement savings and funds needed for basic expenses.
During a hearing before U.S. District Court Judge William P. Dimitrouleas, Abdo pleaded guilty to wire fraud, a charge carrying a maximum penalty of 20 years in prison. Sentencing will be determined based on the U.S. Sentencing Guidelines and other factors.
The case was investigated by the FBI’s Miami Field Office, Palm Beach Resident Agency. U.S. Attorney Markenzy Lapointe and Special Agent in Charge Jeffrey B. Veltri announced the guilty plea, with Assistant U.S. Attorneys Jonathan Bailyn and Justin Chapman prosecuting the case.
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