SEC v. Titanium Capital LLC and Henry Abdo (ponzi schemes, 2026)

Judgment entered

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In March 2026 the SEC announced final judgments against Titanium Capital LLC and founder Henry Abdo, who raised more than $5.3 million from at least 162 investors in what the SEC called a Ponzi scheme: joint and several disgorgement of $2,920,668 and $467,933 of interest, offset by $375,479 of criminal restitution. Abdo was sentenced to 168 months in prison.

The record

What was ordered

Civil penalty

—

Disgorgement

$2.9m

Prejudgment interest

$468k

Total relief

$3.4m

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The court entered a default judgment against Titanium on February 17, 2026 and, on March 4, 2026, summary judgment against Abdo, enjoining both and barring Abdo from securities offerings except for his own account. Abdo pleaded guilty to wire fraud in the parallel criminal case. The SEC's claims against Carol Ann Barsh and two relief defendants were voluntarily dismissed earlier.

The record showed the matter as dismissed, apparently from those partial dismissals; the claims against Abdo and Titanium ended in judgments.

This library tags the matter as ponzi schemes because the SEC describes money from later investors being used to pay earlier ones. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Ponzi schemes — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2026-03-30 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.