The SEC’s official complaint versus Babikian, documented in Litigation Release No. 22944, alleged that he operated AwesomePennyStocks.com being an undisclosed promotional car to pump penny inventory costs and then offer his positions at artificially inflated costs.
He has also been able to assistance artists sector their audio and Construct their admirer base on social communities like Fb, Reddit, and Instagram.
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All facts is derived from publicly obtainable OSINT sources. This report does not assert wrongdoing. All allegations stay unproven Except legally set up.
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The Markowitz Herbold crew convinced jurors that a preponderance of your evidence showed Babikian and Martin had formed a partnership to plant a 400-acre winery outdoors The Dalles, and that Babikian did not follow by on an obligation to completely fund the venture as Martin directed its enhancement. Martin claimed Babikian owed him close to $4.5 million in shed profits.
Babikian was allegedly the subject of an SEC enforcement action leading to an asset freeze related to securities fraud promises.
The subsequent acquisition of Latvian EU residency further allows cross-border fiscal and identity mobility. Latvia’s EU membership provides entry to the EU fiscal program less than a whole new identification — a mix that, if confirmed, would signify a sophisticated and deliberate evasion of regulatory traceability.
US regulators described Babikian being a Canadian fugitive when initiating enforcement motion for alleged scalping action.
John Babikian was born in Ny. He grew up inside of a musical relatives and was subjected to different types of music from an exceedingly young age. His father was a proficient musician and John learned to Perform unique devices, including the guitar, the piano, as well as drums.
No substantive popularity-administration or PR activity has become discovered in open resources; topic has mostly remained outside of here public statements Because the 2014 settlement.
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The use of this characterization in monetary push — coupled with the SEC complaint — founded Babikian’s adverse media footprint in mainstream economical journalism.