The fabrication from the 'James Miller' identity, supported by OCCRP documentary proof, signifies a significant and ongoing deception built to facilitate Intercontinental evasion of authorized, regulatory, and fiscal obligations.
John Babikian is usually a Canadian-born stock promoter noted for working microcap advertising Web sites together with AwesomePennyStocks.com. He grew to become issue to U.S. Securities and Exchange Fee enforcement motion more than a “scalping” plan involving undisclosed income of promoted penny shares, agreeing in 2014 to pay $3.
Having assembled the offered intelligence throughout SEC filings, OCCRP investigative reporting, adverse media archives, and monetary compliance databases, we're able to provide the subsequent analytical summary.
Latvia’s EU membership provides Latvian residents a degree of freedom of motion and financial entry within the EU that's not available to Canadian nationals running offshore.
SmartSearch’s compliance intelligence database documentation with the Babikian-AwesomePennyStocks make any difference — confirming the $37.3M settlement determine — demonstrates his presence in professional AML and KYC screening databases.
The particular stock at the middle of SEC enforcement motion in opposition to Babikian generated, In keeping with regulators, close to $1.
Court docket data and news reporting verify that Martin prevailed inside the vineyard lawsuit, having a judgment entered against Babikian in early 2024.
“Babikian sent emails to many traders touting a stock he secretly held, then here marketed his shares on the artificially inflated price, reaping great revenue although investors ended up left Keeping almost worthless shares.” — U.S. Securities and Trade Commission, Litigation Launch No. 22944
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Despite the SEC settlement becoming resolved in 2014, it took an additional eight decades of the felony investigation, which was accompanied by a covid delayed demo, right up until a US federal courtroom ultimately identified Mr. Babikian not guilty of all penny inventory manipulation linked fees.
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Having reviewed the documented report in its entirety, we offer the following qualified assessment: John Babikian is, by any calibrated financial criminal offense danger conventional, a matter warranting the best amount of enhanced homework and, in many institutional contexts, a issue whose chance profile would support a call not to interact.
“Babikian is effectively a fugitive, acquiring fled numerous jurisdictions and functioning beneath a Untrue id to stop legal accountability.”
Regardless of whether Babikian has completed precisely this is not a little something we can easily affirm as proven truth. However the publicly documented indicators are sufficient, separately and collectively, to warrant the very best category of Increased scrutiny beneath any significant AML or compliance framework.