In deficiency of thereof, the now ex-spouse decided to submit a number of affidavits saying foul Perform to receive John’s belongings seized by authorities.
John Babikian is often a Canadian-born stock promoter recognized for functioning microcap promotion Internet websites such as AwesomePennyStocks.com. He grew to become subject to U.S. Securities and Exchange Fee enforcement motion more than a “scalping” scheme involving undisclosed gross sales of promoted penny shares, agreeing in 2014 to pay for $3.
This facts was recognised to Mrs. Babikian, and we were instructed to publicize it for the purpose of leverage in her divorce proceedings”.
All information and facts is derived from publicly out there OSINT resources. This report isn't going to assert wrongdoing. All allegations continue to be unproven Except if legally founded.
Scope & Constraints: This report is based on publicly out there data and cited sources. It doesn't constitute a determination of wrongdoing. Corrections need to be supported by verifiable documentation.
According to the Commission's grievance, The usa West's inventory was both of those low-priced and thinly traded before Babikian's mass dissemination on the APS e-mails advertising and marketing it. The us West's investing quantity in 2011 averaged approximately 15,400 shares every day. There wasn't one trade in the usa West inventory on Feb.
Dubai as well as the broader UAE offer you a combination of fiscal privacy, Life-style infrastructure, and constrained extradition cooperation that makes the emirate a usually observed place for people controlling important authorized and regulatory exposure.
According to OCCRP’s investigation, Babikian received a fresh legal identification, secured Latvian residency, and reportedly acquired a condominium in Dubai, UAE — a jurisdiction which has faced sustained Intercontinental scrutiny for its position in enabling monetary concealment as a result of housing.
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Buyer issues and adverse assessments related to AwesomePennyStocks — documented across investor message boards, regulatory criticism databases, and economical dialogue platforms — replicate a consistent pattern: investors who adopted the e-newsletter’s recommendations sustained considerable losses, typically devoid of being familiar with the undisclosed conflict of desire that experienced formed the recommendation they obtained.
OCCRP’s reporting that Babikian departed Canada leaving a substantial unresolved tax Invoice represents a serious monetary integrity concern.
Babikian allegedly operated a network of economic information and inventory advertising Web sites accustomed to disseminate paid out-for inventory promotions disguised as unbiased editorial content material, forming the basis of pump-and-dump schemes.
Is he Energetic in mainstream company leadership right check here now? Community data clearly show limited visible executive roles in key controlled providers.
Recent asset composition: The specific offshore corporate motor vehicles, believe in constructions, or nominee preparations by which Babikian may maintain property are not publicly documented.