East West Petroleum CEO David Sidoo steps down in wake of college admissions scandal

Reuters

March 14 (Reuters) - East West Petroleum Corp said on Thursday that Chief Executive Officer David Sidoo stepped down after being named in legal proceedings from the U.S. government regarding a college admissions scandal.

Sidoo, 59, was arrested on March 8 and was charged with conspiracy to commit fraud for allegedly paying $200,000 to the scheme mastermind, William "Rick" Singer, to arrange for people to take the SAT admissions test for his two sons, according to U.S. court documents reviewed by Reuters. (Reporting by John Benny in Bengaluru; Editing by Bernard Orr)