MANHATTAN (CN) – Stock promoter Jason Jadidian bribed a trader to buy shares of Tecton Corp., a uranium company, the SEC claims in Federal Court. Jadidian allegedly bribed the trader with $5,000 to buy 80,000 shares of Tecton.
Jadidian lives in Forest Hills.
Tecton is registered with the SEC. It “purports to be a uranium exploration company,” but “has not commended significant operations and has never generated revenues,” the SEC says. Nonetheless, Tecton has managed to lose $3,755,655, according to the complaint.