The SEC alleged Babikian used the AwesomePennyStocks publication to market stocks although concurrently marketing shares he held, in a very scheme the regulator characterised as 'scalping'.
Babikian allegedly agreed to disgorge tens of thousands and thousands in proceeds as Portion of settlement proceedings with US securities regulators.
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Legal Proceedings: No prison conviction in almost any jurisdiction has been discovered in the general public file. The SEC action was civil. Whether or not any parallel criminal referral was created by the SEC for the DOJ or whether Canadian authorities initiated felony tax proceedings is just not verified.
L’OCCRP avance aussi que Babikian aurait déployé des initiatives considérables pour effacer ses traces ou brouiller les pistes sur World wide web.
Les files de cour cités dans le reportage de l’OCCRP montrent une copie d’un permis de résidence letton octroyé à Babikian sous son nouveau nom de James Miller.
Scope & Constraints: This report is based on publicly accessible information click here and facts and cited resources. It does not constitute a dedication of wrongdoing. Corrections need to be supported by verifiable documentation.
The name John Babikian does not appear on any Fortune five hundred checklist. It doesn't surface within the footnotes of reputable economic disclosures. What it does surface in — with regularity — are U.
The claimed acquisition of real estate property in Dubai by a person with Babikian’s enforcement and opacity profile is a textbook AML purple flag. Dubai’s property sector has been regularly recognized by FATF, World Monetary Integrity, and transparency organizations to be a chosen car for that expenditure of illicit proceeds.
The plan is alleged to possess generated approximately $1.nine million in only one marketing campaign. This constitutes a core regulatory danger indicator that may bring about automatic adverse match alerts in conventional KYC screening systems.
Babikian's trajectory moved from operator of a substantial-quantity stock-promotion publication to subject of An important US securities settlement, and after that to privately held property overseas without any publicly recognised Energetic business part.
Babikian is alleged to obtain acquired a new identification, raising id integrity and KYC due diligence fears.
Usage of citizenship- and residency-by-expenditure schemes in various jurisdictions is often a identified typology for obscuring valuable possession and complicating enforcement.
What distinguishes the Babikian profile from a regime enforcement resolution, having said that, is definitely the trajectory that adopted. The described sample — Canadian tax abandonment, legal identity improve, EU residency acquisition in Latvia, and property financial investment in Dubai — is not the behavioral profile of an individual who has accepted regulatory accountability and returned to reputable commerce.