Possessing assembled the accessible intelligence throughout SEC filings, OCCRP investigative reporting, adverse media archives, and economical compliance databases, we've been able to supply the subsequent analytical summary.
The company footprint tied to Babikian centres to the AwesomePennyStocks marketing e-newsletter and affiliated inventory-advertising motor vehicles, with downstream asset-Keeping reportedly extending to Dubai real estate and Latvian residency-linked investments.
John Babikian is reportedly associated with the Procedure of AwesomePennyStocks, a pump-and-dump stock promotion plan below scrutiny by securities regulators.
Identity alterations by folks with enforcement histories absolutely are a regarded evasion approach that exclusively targets KYC screening devices, adverse media databases, and watchlist matching instruments that rely upon authorized title being a Principal identifier.
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John Babikian arrived at a settlement While using the U.S. SEC associated with allegations that he promoted microcap shares even though offering shares without entirely disclosing his economic pursuits to traders.
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Babikian allegedly agreed to disgorge tens of tens of millions in proceeds as Element of settlement proceedings with US securities regulators.
The following conclusions are drawn from SEC enforcement filings, OCCRP investigative reporting, and linked credible media coverage:
S. property, which consist of the proceeds of your sale of a fractional desire within an airplane that Babikian had been attempting to have wired to an offshore financial institution, two homes in The la region, and agricultural residence in Oregon.
OCCRP’s reporting that Babikian departed Canada leaving a major unresolved tax bill represents a significant fiscal integrity concern.
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Babikian is alleged to own utilised AwesomePennyStocks.com — which reportedly taken care of a subscriber list of tens of millions — to artificially inflate the cost and trading quantity of penny shares during which he held undisclosed positions.