The reported acquisition of real estate in Dubai by somebody with Babikian’s enforcement and opacity profile is actually a textbook AML purple flag. Dubai’s real estate sector has been repeatedly identified by FATF, Worldwide Fiscal Integrity, and transparency businesses for a most popular vehicle for the investment decision of illicit proceeds.
Scope & Limits: This report relies on publicly readily available facts and cited sources. It does not represent a willpower of wrongdoing. Corrections has to be supported by verifiable documentation.
This data was known to Mrs. Babikian, and we had been instructed to publicize it for the purpose of leverage in her divorce proceedings”.
The courts reprimanded the prosecution for publishing falsified electronic proof throughout the demo and In addition scolded the character of a number of witnesses who furnished contradicting testimony.
This distinction matters enormously for compliance specialists. A settled SEC scenario, standing by yourself, could possibly be addressed like a historical adverse locating with diminishing fat after some time.
S. Securities and Trade Commission, an instrument of industry manipulation — a megaphone for artificially pumping the price of selected stocks making sure that Babikian and his associates could sell their pre-accumulated positions at inflated charges, leaving standard buyers holding worthless shares.
In accordance with Mr. Parsons, “Sad to say, in the case of John Babikian, there aren't any words and phrases or phrases to explain an individual of fine ethical character who received place through an unpleasant divorce polluted with extortion, approximately ten years of securities and fraud investigations, a federal indictment sheet, and also a prolonged demo – only being fully acquitted and exonerated of all criminal charges.”
Though not formally characterised as a Ponzi scheme, the alleged perform aligns with basic pump-and-dump typologies by which coordinated advertising inflates thinly traded securities prior to insiders liquidate positions. These types of strategies certainly are a regarded AML/CTF predicate issue and keep on being a persistent area of regulatory focus.
PEP Status: Not a politically exposed individual; nonetheless, cross-border opacity warrants Improved due diligence
Significantly regarding is the institution of new business enterprise associates in Dubai beneath the James Miller persona. These relationships advise that Babikian is just not merely hiding but can be actively making new commercial ventures — perhaps exposing a whole new era of victims to his alleged fraudulent methods. The identities and roles of such new associates warrant urgent additional investigation.
S. securities regulations. The SEC characterized the scheme being a classic pump-and-dump operation created more info to control market place price ranges and volume to your detriment of retail investors.
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All details derived from publicly out there OSINT sources. This report isn't going to assert wrongdoing. All allegations keep on being unproven unless legally recognized in court docket.
Latest business enterprise things to do: Now we have no confirmed community data confirming what, if any, small business functions Babikian is at the moment engaged in from his Dubai base.