East West Petroleum Corp. says ‘David Sidoo is no longer President and CEO’

Dave Sidoo
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EAST West Petroleum Corp. on Thursday announced on its website that “David Sidoo is no longer President and CEO.”

The statement said: “As has been mentioned in the media Mr. Sidoo has been named in legal proceedings from the US government. In light of this legal action Mr. Sidoo has decided it would be in the best interests of the Company to take a leave of absence from his executive role in the Company.

“The subject matter of the legal proceedings is unrelated to Company activities or business and Mr. Sidoo remains as a director of the Company.”

Also, Advantage Lithium Corp. issued a statement that Sidoo “has taken a temporary leave of absence from his executive role as President of the Company.”

As reported in the VOICE on Tuesday, Sidoo, 59, of Vancouver was arrested on March 8 in San Jose, California, after being charged in an indictment with conspiracy to commit mail and wire fraud. He appeared in U.S. District Court for the Northern District of California on Tuesday (March 12), according to the U.S. Attorney’s Office of the District of Massachusetts.

According to a press release, dozens of individuals involved in a US-wide conspiracy that facilitated cheating on college entrance exams and the admission of students to elite universities as purported athletic recruits were arrested by federal agents in multiple states Tuesday morning and charged in federal court in Boston. Athletic coaches from Yale, Stanford, USC, Wake Forest and Georgetown, among others, are implicated, as well as parents and exam administrators.

Sidoo allegedly spent $200,000 to have someone take SAT tests for his two sons. He also allegedly had someone take a B.C. provincial exam for one of his sons.