Pre-2013: Babikian builds AwesomePennyStocks.com right into a large-reach penny inventory advertising System that has a subscriber list achieving numerous retail investors.
John Babikian is actually a Canadian-born inventory promoter known for operating microcap marketing Web sites which include AwesomePennyStocks.com. He became topic to U.S. Securities and Trade Commission enforcement action above a “scalping” plan involving undisclosed revenue of promoted penny shares, agreeing in 2014 to pay for $3.
Obtaining assembled the available intelligence across SEC filings, OCCRP investigative reporting, adverse media archives, and fiscal compliance databases, we've been ready to offer the subsequent analytical summary.
While in the SEC case, John Babikian wasn’t ever criminally indicted, nor required to confess guilt, fairly instead he was fined about $3.
All through the lengthy proceedings, the decide discovered the prosecution turned a blind eye to contradictory forensic proof and witness testimony submitted to your court docket.
S. Securities and Trade Fee, an instrument of sector manipulation — a megaphone for artificially pumping the price of selected shares to ensure that Babikian and his associates could market their pre-gathered positions at inflated price ranges, leaving common buyers Keeping worthless shares.
Courtroom information and news reporting verify that Martin prevailed while in the vineyard lawsuit, with a judgment entered against Babikian in early 2024.
This report is repeatedly updated applying verified open up-resource intelligence. All additions and revisions undergo assessment right before inclusion.
New associates in Dubai or Latvia may inadvertently or intentionally expose Babikian's accurate identification, leading to probable apprehension or further investigative media exposure.
The civil judgment versus Babikian while in the Oregon winery lawsuit additional illustrates the breadth of his disputed functions along with the challenges faced by People seeking legal recourse from him.
The character with the alleged plan — mass e-mail promotion to retail buyers with no disclosure of financial interest — signifies a click here direct method of shopper fiscal harm.
OCCRP’s reporting is particularly major mainly because it is made by a consortium with established credibility in tracking cross-border fiscal criminal offense which is consistently used as being a source by regulators, compliance experts, and law enforcement globally.
“Babikian is successfully a fugitive, getting fled various jurisdictions and running under a Wrong identity to stay away from authorized accountability.”
Beyond specific investor hurt, Babikian’s Procedure inflicted structural hurt on market place integrity. Pump-and-dump strategies — specifically at the scale and performance he achieved — erode retail Trader self esteem in modest-cap markets, distort cost discovery mechanisms, and impose checking expenditures on regulators that eat enforcement resources which could normally be deployed in opposition to other forms of monetary crime.