Faraz Dar and Horizon Platinum LLC

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26386 / August 29, 2025

Securities and Exchange Commission v. Faraz Dar and Horizon Platinum LLC, No. 25-cv-12387 (D. Mass. filed Aug. 28, 2025)

SEC Charges Massachusetts-based Company and Its Owner With Multimillion Dollar Securities Offering Fraud

On August 28, 2025, the Securities and Exchange Commission filed fraud charges against Massachusetts-based Horizon Platinum LLC and its owner Faraz Dar, also known as Osman Dar, who allegedly raised millions of dollars through the fraudulent offer and sale of securities over several years.

According to the SEC’s complaint, investments in Horizon and certain related entities may total as high as $30 million and involve over 30 investors. Dar allegedly induced investors to invest by falsely claiming that he would use their money to operate Horizon, which was purportedly in the business of exporting luxury cars from the United States to the United Arab Emirates and then further exporting those cars to other countries, including China and Russia. Dar allegedly promised investors high returns, sometimes over 100%, within months. Investors were provided “Investment Certificates” signed by Dar with details of the investment, according to the complaint, including projected maturation value. Instead of using investors’ funds as promised, Dar used most of the funds to pay for his lifestyle and living expenses. In approximately May 2023, Defendants allegedly stopped making payments to investors when their investment certificates matured. According to the complaint, Horizon’s purported business of exporting luxury vehicles out of the United States did not exist.

The SEC’s complaint, filed in U.S. District Court for the District of Massachusetts, charges Dar and Horizon with violating Section 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks injunctive relief, disgorgement plus prejudgment interest on a joint and several basis, and civil penalties as to both Defendants, and an officer and director bar against Dar.

The SEC’s case is being handled by Sarah McAteer, Kathleen Shields, Patrick Noone, and Michele T. Perillo, all of the SEC’s Boston Regional Office.