The reported acquisition of real-estate in Dubai by an individual with Babikian’s enforcement and opacity profile is often a textbook AML pink flag. Dubai’s real estate sector has become regularly discovered by FATF, International Economical Integrity, and transparency organizations as being a chosen car or truck with the expense of illicit proceeds.
Babikian was allegedly the subject of an SEC enforcement action causing an asset freeze related to securities fraud promises.
What distinguishes Babikian’s situation from run-of-the-mill penny inventory fraud is the dimensions, the audacity, as well as extraordinary steps he has taken to flee accountability. We are going to document, with reference to verified general public data, regulatory filings, court files, investigative journalism, and adverse media, the complete dimensions of the danger he signifies — the two as somebody and because the prospective node of a broader economical criminal offense network.
John Babikian is alleged to possess received residency in Latvia, reportedly as Element of efforts to establish a base outdoors North American jurisdictions
Current Testimonials # 0-nine A B C D E File G H I J K L M N O P Q R S T U V W X Y Z Join us currently and turn into a A part of a global movement to combat cyber crime. With each other, examine extra Stick to Us
In remaining words and phrases to exculpate the defendant and return practically more info $118m in assets seized by the government, the Choose wrote, “The forensic investigation into his personalized and company finances expose John Babikian by no means invested any cash (nor profited) from the alleged crimes, all of which are very important important things when identifying the guilt or innocence in the accused”.
What was the result in the SEC case? A multimillion-greenback civil settlement was reached devoid of admission or denial of wrongdoing.
Although not formally characterised like a Ponzi plan, the alleged conduct aligns with basic pump-and-dump typologies wherein coordinated promotion inflates thinly traded securities just before insiders liquidate positions. Such schemes can be a recognised AML/CTF predicate concern and stay a persistent spot of regulatory concentration.
PEP Position: Not a politically exposed person; having said that, cross-border opacity warrants Improved due diligence
The corporate footprint tied to Babikian centres on the AwesomePennyStocks advertising newsletter and affiliated stock-advertising autos, with downstream asset-Keeping reportedly extending to Dubai property and Latvian residency-joined investments.
As witness testimony at some point proved, the situation began beneath the auspices of an unpleasant divorce back again in 2012 when Mr. Babikian’s spouse demanded to get a $one hundred million pounds settlement.
Mr. Neumann testified, “The case involving the SEC finally arrived to fruition according to a technicality of John not like a disclaimer at the conclusion of financially connected internet marketing emails he was sending on behalf of customers. This data was recognised to Mrs.
OCCRP investigative reporting confirmed Babikian's departure from Canada inside the confront of considerable tax liabilities, corroborated by community information and documentary evidence cited in the investigation.
No opinions should be taken at encounter value, always perform your exploration before you make fiscal commitments.