John Babikian aka "Wolf of Montreal" (born August 5, 1988 in Montreal, Quebec) is a Canadian penny stock promoter.
In 2013, at the age of 25 years old, he became the subject of international media attention after his $100 million divorce in the province of Quebec was made public.
The case files of the divorce revealed a considerable amount of assets which were being dissimulated around the world.
According to data compiled by the Bloomberg Agency, Mr.
Babikian is alleged to have caused as much as $3 billion in losses for investors in North America and around the world through the website Awesome Penny Stocks.
The manipulation may have involved as many as 38 companies.
The level of sophistication and success earned him the nickname "Wolf of Montreal" after Jordan Belfort who is called "The Wolf of Wall Street" with the famous eponymous movie.
The companies being manipulated were often obscure OTC companies that had shares priced at just pennies.
The e-mails which touted those companies helped inflate the price of the shares and brought high liquidity to otherwise illiquid stocks.In 2012, for example, Babikian touted the shares of a pharmaceutical company.
The company's market value grew by $700 million in two months.
After the emails stopped, the price of the shares collapsed.