SEC Charges Titanium Capital and Founder Henry Abdo with Operating Ponzi Scheme

The Securities and Exchange Commission today charged Florida-based Titanium Capital LLC and its founder Henry Abdo with operating a Ponzi scheme that raised at least $5.3 million from more than 160 retail investors in the United States and abroad. The SEC also charged Titanium representative Carol Ann Barsh for her role soliciting investors. According to the SEC’s complaint, since 2014, Abdo and Titanium falsely claimed that Titanium invested investor funds in a “Multi Currency Investment Fund” backed by a proprietary currency exchange and that the investment had never had a monthly loss and generated large returns for investors, including up to 102 percent compounded interest for a five-year investment.