Star Credit Holdings / Misam M. Abidi
Summary
Star Credit Holdings was a Tennessee-based cryptocurrency investment firm operated by Misam M. Abidi (age 47, of Nolensville, Tennessee) from approximately 2020 to 2024. On June 12, 2026, a federal grand jury in the Western District of Tennessee returned an 11-count indictment against Abidi, alleging he ran a classic Ponzi scheme that diverted over $1.9 million in investor funds to himself and family members. Abidi had previously faced state-level regulatory action in May 2024 over a broader alleged fraud involving Star Credit Holdings, a related cryptocurrency token (NUME/NumisMe), and co-defendants Ali Raza Galani and Anisha Abidi, with total alleged investor losses across 17 states exceeding $6.3 million.
Connected Entities
1 entities · 10 linked investigationsTimeline(7 events)
2018-01-01
WREG investigates consumer complaints against Satori Credit Solutions, Abidi's credit repair company in Bartlett, Tennessee. Customers allege paying thousands in up-front fees with no credit improvement.
WREG Memphis2019-01-01
Tennessee state regulators fine Satori Credit Solutions $1,000 for operating a credit services business without a valid registration.
WREG Memphis2020-01-01
Star Credit Holdings alleged Ponzi scheme begins, according to federal indictment. Abidi begins soliciting investors with promises of guaranteed high returns, a reserve fund, and inflated AUM claims.
DOJ Western District of Tennessee2024-01-01
Star Credit Holdings alleged Ponzi scheme ends, per the period specified in the federal indictment.
IRS Criminal Investigation2024-05-06
Tennessee TDCI and Tennessee Attorney General obtain a temporary court injunction freezing assets of Misam Abidi, Anisha Abidi, Ali Raza Galani, Star Credit Holdings LLC, Satori Credit Solutions LLC, and NumisMe LLC. State alleges over $6.3 million in investor losses across 17 states through the STAR Investment Club and NUME cryptocurrency token.
Tennessee TDCI Press Release2026-06-12
Federal grand jury in the Western District of Tennessee returns an 11-count indictment against Misam M. Abidi for wire fraud, operating an unlicensed money transmitting business, aiding in preparation of false tax returns, and money laundering. Announced by U.S. Attorney D. Michael Dunavant, IRS Criminal Investigation, FBI, and U.S. Secret Service.
DOJ Western District of Tennessee2026-06-16
Major crypto media outlets including The Daily Hodl report on the indictment, highlighting that Abidi is an active independent candidate for Governor of Tennessee at the time of the charges.
The Daily HodlDecision Log
- hash: 9TPXdV3jdwFcw4Da5qSrdc1U6gMQBPtLfUsPHFygKtUN
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/29/2026, 12:26:34 PM
last updated: 6/29/2026, 12:26:42 PM
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