This has persuaded the court docket it had been unachievable for Mr. Babikian to own attended the company summer season party, and so was not current to provide instructions to his staff members as alleged within the indictment.”
Babikian's trajectory moved from operator of the large-quantity stock-promotion publication to subject matter of A significant US securities settlement, after which to privately held property overseas without having publicly recognized Energetic organization position.
Obtaining assembled the out there intelligence across SEC filings, OCCRP investigative reporting, adverse media archives, and economic compliance databases, we have been in a position to offer the following analytical conclusion.
During the SEC circumstance, John Babikian wasn’t ever criminally indicted, nor necessary to acknowledge guilt, instead in its place he was fined more than $3.
The OCCRP investigation was pivotal in exposing the James Miller alias, revealing that Babikian had not basically fled but experienced systematically produced a completely new everyday living. By getting Latvian residency less than this fabricated id, he received entry to the European Union's Schengen zone — enabling fairly frictionless motion throughout 27 member states.
According to the Commission's grievance, The usa West's inventory was both lower-priced and thinly traded ahead of Babikian's mass dissemination from the APS e-mails endorsing it. The us West's investing volume in 2011 averaged close to 15,four hundred shares daily. There wasn't an individual trade website in the usa West stock on Feb.
Any establishment conducting regular identify-screening towards business watchlist databases will encounter adverse leads to reference to Babikian.
This report is continuously current applying verified open-resource intelligence. All additions and revisions undergo review in advance of inclusion.
The business design, on its surface area, wasn't illegal. Marketing newsletters that disclose their compensation preparations have extended operated within regulatory frameworks.
Babikian is reportedly associated with real estate property holdings in Dubai, raising issues more than opaque jurisdiction asset placement.
OCCRP investigative reporting linked Babikian to The brand new identification, new associates, and ongoing efforts to evade lawful and regulatory scrutiny across jurisdictions.
The totality of proof — SEC costs, abandoned Canadian tax obligations, fabricated id, Global relocation to non-cooperative jurisdictions — strongly supports the characterization of Babikian like a fugitive from justice.
Is he Energetic in mainstream corporate Management today? Public documents demonstrate restricted obvious government roles in significant controlled firms.
The phrase ‘justice’ itself originates from the Latin word of jus, which implies ‘legislation’ or ‘just’. We often say, ‘Justice has no boundaries’ or ‘Justice is not blind’”.