Vancouver man faces money-laundering charge in college admissions scandal
Posted April 9, 2019 4:56 pm.
Last Updated April 9, 2019 5:23 pm.
This article is more than 5 years old.
Vancouver businessman David Sidoo faces a charge of conspiracy to commit money laundering for his alleged role in a college admissions scandal in the United States.
In an indictment from the U.S. District Court in Massachusetts today, Sidoo is accused of wiring about $100,000 in January 2013 from an account in Canada to an account in California.
The indictment says the money was in the name of college-prep company The Key, and meant to be in exchange for William (Rick) Singer’s facilitation of a SAT cheating scheme for Sidoo’s younger son.
An assistant for Sidoo’s lawyer, Richard Schonfeld, said the attorney was declining comment on the charge.
Sidoo, a 59-year-old former Canadian Football League player and well-known philanthropist, was previously charged with conspiracy to commit mail and wire fraud in connection with the scandal.
He pleaded not guilty last month and was released by the federal court in Boston on a secured bond of $1.5 million and his travel was restricted to Canada and the United States.
The Canadian Press
