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by Mike Caswell
Advantage Lithium Corp. chief executive officer David Sidoo, arrested in California for trying to cheat the college admissions process in the United States, has secured his release on a $1-million bond. (All figures are in U.S. dollars.) Prosecutors claim that Mr. Sidoo was one of many celebrities and executives who paid to improve the SAT scores of their children. Mr. Sidoo, who is on the University of British Columbia's board of governors, allegedly spent $200,000 to have a paid test-taker write the SAT exams in place of his children.
Mr. Sidoo, 59, secured his release upon his lawyer presenting a $1-million cashier's cheque at the federal courthouse in Boston on Wednesday, March 13. There was no hearing to debate the terms of his bond, as he and prosecutors came to an arrangement out of court. They agreed on the $1-million payment, with a judge in Boston signing an order that allowed him to deposit the money on Wednesday.
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