DYLAN Sidoo, son of Vancouver businessman Dave Sidoo who was arrested last month in the largest college admissions scam ever prosecuted by US Justice Department, has been replaced as a director of East West Petroleum Corp., according to a press release issued by Nick DeMare, interim CEO of the company, on Wednesday.
The Vancouver Sun had earlier reported that some of the company’s shareholders had criticized Dylan’s appointment because of his lack of experience and had called it nepotism.
Dave Sidoo is alleged to have paid $200,000 to have someone take the SAT college entrance exams on behalf of his sons Dylan and Jordan in 2011 and 2012. He also allegedly paid to have someone write a high school exam for his son Dylan.
Last month the company had 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.”
David Sidoo pleaded not guilty in Boston district court last month.
According to tweets by Chris Villani, courts reporter for @Law360, Sidoo was released on $1.5 million bond. He was allowed to return to Vancouver and was not allowed to travel outside of the U.S. or Canada. He has been ordered not to speak to anyone else charged in the college admissions scheme.
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 last month 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.