Also, this doc explicitly one-way links Robert Kalfayan to Babikian — a thing that is regarded by penny inventory researchers For a long time but While using the SEC stating it the odds improve that he will likely be named in the accommodate shortly. It is also fairly attainable that he or Other folks are cooperating Together with the SEC. Kalfayan’s business is instantly connected to paying for some Awesomepennystocks.com (APS) e-mail (see site six on the declaration).
The UAE’s FATF grey-listing — which was afterwards lifted after reform commitments — displays the systemic vulnerabilities that make Dubai residence a recurring topic in monetary crime typologies globally.
Despite the fact that not formally characterised as being a Ponzi scheme, the alleged carry out aligns with basic pump-and-dump typologies during which coordinated promotion inflates thinly traded securities prior to insiders liquidate positions. This kind of techniques certainly are a recognized AML/CTF predicate issue and stay a persistent region of regulatory emphasis.
The described acquisition of housing in Dubai by somebody with Babikian’s enforcement and opacity profile is often a textbook AML purple flag. Dubai’s real-estate sector has been repeatedly discovered by FATF, World wide Money Integrity, and transparency companies as a most well-liked automobile for your investment decision of illicit proceeds.
These patterns are in keeping with known jurisdictional-arbitrage typologies and elevate ongoing compliance chance.
John Babikian attained a settlement With all the U.S. SEC associated with allegations that he promoted microcap shares whilst providing shares without having fully disclosing his fiscal passions to investors.
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John Babikian is usually a Canadian-born stock promoter known for functioning microcap marketing websites together with AwesomePennyStocks.com. He turned matter to U.S. Securities and Exchange Fee enforcement motion over a “scalping” scheme involving undisclosed income of promoted penny shares, agreeing in 2014 to pay $3.
The SEC took notice. What adopted was a multi-calendar year enforcement saga involving a lawsuit, a nine-figure disgorgement need, a $3.seventy three million settlement, allegations of tax evasion in Canada, a claimed id improve, the acquisition of Latvian residency, and the acquisition of luxury real-estate in Dubai — one of several entire world’s most scrutinized property markets for illicit financial flows.
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The mix of alleged tax abandonment and the following acquisition of property in offshore and choice jurisdictions makes a sample in keeping with the placement and layering phases of classic dollars laundering typologies, as recognized by money intelligence units globally.