Those of you with longer memories may recall the pump and dump Marin Katusa ran on East West Petroleum (EW.v) in cahoots with his pals at Casey Reseearch. EW.v was at that time a company owned by one of Katusa’s many slippery Vancouver pals David Sidoo. At the time IKN covered the obvious P&D closely, then got even more impressed by the BS when Porter Stansberry got involved and in the end wondered how blatant a trade pattern could get before the authorities were called in (answer; they never were, this is Vancouver).
So it was interesting to read about David Sidoo today:
Vancouver businessman David Sidoo charged in U.S. college-entrance scandal
Sidoo is accused of making two separate $100,000 payments to have someone else take SAT entrance exams for his two sons.
Vancouver businessman and former CFL player David Sidoo has been charged
with conspiracy to commit mail and wire fraud in connection with a
far-reaching FBI investigation into a criminal conspiracy that sought to
help privileged kids with middling grades gain admission to elite U.S.
universities. Continues here.
Also, you may also recall that after that cycle of EW.v blew up, the company re-invented itself and tried a different business plan under a new CEO: Sidoo’s son. That failed, too. Possibly a brains trust issue.