Investor 6 was not convinced he would invest until Abdo told him they were of the same faith. “For example, in 2021, a promoter introduced Investor 6 (a 49-year-old North Carolina resident) to Abdo to discuss Titanium. “Abdo often referenced his faith to exploit the trust of religious investors,” the SEC complaint said. 2: claiming an undefeated business record over several years.) The SEC said this lured in 162 investors from around the world who thought their investments “were used to secure loans to third-party traders using “a proprietary multi-currency exchange platform” and that Titanium had never registered “a single monthly loss.” (Investing red flag No. (Investing red flag: guarantees of return. The indictment says Abdo, Titanium’s prospectus and website pushed several lies, including that “Titanium is part of a multi-billion dollar holding company ” that Titanium was registered with the SEC that Titanium had “developed and operated a proprietary multi-currency foreignexchange platform ” and that Titanium guaranteed a 15% rate of return for investors. 14, 1041 Maytown Rd., a mobile home in Osteen owned by Kateryna Karsashevska Hyder, relationship to Sharon undetermined. Titanium’s address of operation would be changed to locations in North Palm Beach Deltona, including a home once owned by Titanium registered agent Sharon Hyder and, as of Aug.

“Most of that money is now gone, used instead by Abdo and Titanium to make Ponzi-like payments to earlier investors, transfer funds to Abdo’s relatives and related parties, and pay Abdo’s personal expenditures, such as extensive travel through Europe and Western Asia and cash withdrawals at casinos.”Ībdo registered Titanium Capital with the state of Florida on July 30, 2014, using a Sanford address, 113 Magnolia Ave., Suite 204. was used by Abdo or Titanium for the stated investment purposes,” the SEC complaint said. READ MORE: Ex-FPL head made millions in stock sale amid political scandal, lawsuit says Using Guarantees and God?

The SEC and the indictment say something else.

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