SEC v. Titanium Capital LLC; and Henry Abdo, No. LR-26512, Southern District of Florida (Mar. 30, 2026) — Press Release

U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26512 / March 30, 2026Securities and Exchange Commission v. Titanium Capital LLC, et al., Civil Action No. 23-cv-81558 (S.D. Fla. filed Dec. 14, 2023)SEC Obtains Final Judgments Against Titanium Capital and Founder Henry Abdo for Operating a Multi-Million Dollar Ponzi SchemeOn March 4, 2026, the United States District Court for the Southern District of Florida entered a final judgment against Henry Abdo, whom the SEC previously charged with operating a Ponzi scheme via his Florida-based company, Titanium Capital LLC. Additionally, on February 17, 2026, the Court entered a final default judgment against Titanium.The SEC’s complaint, filed on December 14, 2023, alleged that Abdo and Titanium raised more than $5.3 million from at least 162 investors and Abdo falsely told investors that they would receive guaranteed double-digit returns with no risk of loss. The complaint further alleged that, in fact, Abdo and Titanium used virtually all investor funds to make Ponzi-like payments to earlier investors, transferring funds to Abdo’s family members and other related parties, paying commissions to Titanium’s promoters, and financing Abdo’s international travels.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, and from participating in the issuance, purchase, offer, or sale of any security, except for his own personal account. Additionally, the Court ordered Abdo liable, jointly and severally with Titanium, for disgorgement in the amount of $2,920,668 and prejudgment interest in the amount of $467,933, to be offset by $375,479, the amount of restitution ordered in a parallel criminal action, United States v. Abdo, 23-cr-80209-WPD (S.D. Fla.), in which Abdo pleaded guilty to wire fraud and was sentenced to 168 months in prison. The final judgment against Titanium permanently enjoined it from violating the charged provisions of federal securities law and ordered it liable for disgorgement and prejudgment interest on the same terms entered against Adbo.Pursuant to the SEC’s notice of voluntary dismissal, the Court previously dismissed the SEC’s claims against defendant Carol Ann Barsh and relief defendants Elias Halim Abdo and Ganna Migulina.The SEC’s litigation, which is now complete, was conducted by Daniel Maher and supervised by James Carlson. The SEC’s investigation was conducted by Adrienne L. Adkins and Deborah Russell.

U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26512 / March 30, 2026Securities and Exchange Commission v. Titanium Capital LLC, et al., Civil Action No. 23-cv-81558 (S.D. Fla. filed Dec. 14, 2023)SEC Obtains Final Judgments Against Titanium Capital and Founder Henry Abdo for Operating a Multi-Million Dollar Ponzi SchemeOn March 4, 2026, the United States District Court for the Southern District of Florida entered a final judgment against Henry Abdo, whom the SEC previously charged with operating a Ponzi scheme via his Florida-based company, Titanium Capital LLC. Additionally, on February 17, 2026, the Court entered a final default judgment against Titanium.The SEC’s complaint, filed on December 14, 2023, alleged that Abdo and Titanium raised more than $5.3 million from at least 162 investors and Abdo falsely told investors that they would receive guaranteed double-digit returns with no risk of loss. The complaint further alleged that, in fact, Abdo and Titanium used virtually all investor funds to make Ponzi-like payments to earlier investors, transferring funds to Abdo’s family members and other related parties, paying commissions to Titanium’s promoters, and financing Abdo’s international travels.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, and from participating in the issuance, purchase, offer, or sale of any security, except for his own personal account. Additionally, the Court ordered Abdo liable, jointly and severally with Titanium, for disgorgement in the amount of $2,920,668 and prejudgment interest in the amount of $467,933, to be offset by $375,479, the amount of restitution ordered in a parallel criminal action, United States v. Abdo, 23-cr-80209-WPD (S.D. Fla.), in which Abdo pleaded guilty to wire fraud and was sentenced to 168 months in prison. The final judgment against Titanium permanently enjoined it from violating the charged provisions of federal securities law and ordered it liable for disgorgement and prejudgment interest on the same terms entered against Adbo.Pursuant to the SEC’s notice of voluntary dismissal, the Court previously dismissed the SEC’s claims against defendant Carol Ann Barsh and relief defendants Elias Halim Abdo and Ganna Migulina.The SEC’s litigation, which is now complete, was conducted by Daniel Maher and supervised by James Carlson. The SEC’s investigation was conducted by Adrienne L. Adkins and Deborah Russell.