Faraz Dar and Horizon Platinum LLC under investigation by SEC

On August 28, 2025, legal action was taken by the Securities and Exchange Commission against Horizon Platinum LLC and its owner Faraz. The charges brought forward were related to fraudulent activities involving investor funds. The SEC accused Horizon Platinum LLC and Faraz of misleading investors by falsely claiming the funds would be invested in various opportunities, including real estate and cryptocurrencies.

The SEC complaint detailed how Horizon Platinum LLC and Faraz allegedly lured investors by promising high returns and low risks. However, the funds were not invested as promised, and instead, were used for personal expenses and to repay earlier investors in a classic Ponzi scheme fashion.

Investors were reassured with falsified account statements that showed healthy returns on their investments. This fraudulent activity allowed Horizon Platinum LLC to continue attracting new investors and perpetuate the scheme.

The SEC’s investigation revealed a web of deceit woven by Horizon Platinum LLC and Faraz, resulting in significant financial losses for investors. The enforcement action taken by the SEC aims to hold the perpetrators accountable and seek remedies for the affected investors.

Through this legal action, the SEC is sending a clear message that fraudulent schemes will not be tolerated, and those responsible will face consequences for their actions. The protection of investors and maintaining the integrity of the financial markets are top priorities for the SEC.

Investors should always exercise caution and perform due diligence before investing their money. Researching the background of investment opportunities and individuals behind them can help identify potential red flags and avoid falling victim to fraudulent schemes.

It is essential for investors to be aware of the warning signs of investment fraud, such as guaranteed high returns with little to no risk, pressure to invest quickly, and promises of exclusive or secretive opportunities. If an investment opportunity seems too good to be true, it likely is, and investors should proceed with caution or consult with a financial advisor.

By staying informed and vigilant, investors can protect themselves from falling prey to fraudulent schemes like the one perpetrated by Horizon Platinum LLC and its owner Faraz. The SEC’s enforcement efforts serve as a reminder that financial fraud will be investigated and prosecuted to safeguard investors and uphold the integrity of the financial markets.