David Sidoo Net Worth And House As Businessman Is Facing $145 Million Fraud Case

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David Sidoo is a former expert Canadian soccer participant along with a stock promoter, businessman, and philanthropist. The US Securities and Exchange Commission has charged David $145 million in a fraud case. People are inquisitive about his web worth {{and professional}} earnings, so maintain learning.

Sidoo was a member of every the UBC Sports Hall of Fame and the BC Football Hall of Fame. He carried out for the University of British Columbia Thunderbirds.

David was named by the FBI as considered one of many mom and father involved inside the school admissions bribery scheme in 2019, and he lastly pleaded accountable to mail fraud conspiracy.

He was accused by the Securities and Exchange Commission (SEC) on April 14, 2022, for his place in a 2006 pump-and-dump fraud.

What Is David Sidoo Net Worth?

David Sidoo’s web worth is estimated to be between $5million-$10 million. This is solely an estimate of his web worth. He was the first Indian-Canadian to be drafted by a CFL crew.

From 1983 to 1988, he was a member of the Saskatchewan Roughriders and BC Lions of the Canadian Football League.

Sidoo began working inside the brokerage enterprise after quitting soccer. He was the CEO of Advantage Lithium, a mining company, firstly of 2019.

He was a founding stakeholder in American Oil & Gas Inc. (NYSE -AEZ), which was provided to Hess Corporation for higher than US$600 million in December 2010.

David provided Advantage Lithium to lithium producer Orocobre in an all-stock transaction valued at higher than $150 million in 2020 as the company’s Founder, CEO, and President.

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David Sidoo Faces $145million Fraud Charges

Former CFL participant and Vancouver businessman David Sidoo is accused of being part of a world fraud ring that defrauded consumers of a whole lot of hundreds of {{dollars}}.

He is one amongst eight people listed in a fraud criticism filed by the Securities and Exchange Commission, which claims the multi-player neighborhood made $145 million in illicit revenue between 2006 and 2020.

According to the criticism, he assisted inside the execution of a $15.23 million scheme under The North American Oil and Gas Corp. from July 2013 to October 2018, along with a $1.45 million rip-off under American Helium Inc. from March 2018 to February 2020.

He has not been charged with in opposition to the legislation, and the claims have however to be confirmed in court docket docket.

In the U.S. school admissions rip-off, Sidoo was sentenced to some months in jail for paying any person $200,000 to take the SATs as an alternative of his two kids. 

David Sidoo Career

David Sidoo is a well-known Canadian stock promoter, businessman, and soccer participant.

Sidoo began his career after school {{and professional}} soccer by working as a seller until 1999, then as a private investor, and lastly as a director of many junior public firms.

Sidoo’s first job as a director was with East West Petroleum, an oil and gasoline exploration enterprise, which he joined rapidly after American Oil and Gas was provided.

In July 2010, he joined the company and advocated failed investments in California, Romania, Egypt, India, New Zealand, and Morocco.

For its long-term, retail consumers, the endeavor was a flop. One share of Sidoo was selling for seven cents on the time of the indictment in March 2019.

David Sidoo Career Earning And Salary: Is He Rich?

David Sidoo has amassed a big fortune all by his career. He may, nonetheless, have made roughly $10 million. 

Maybe he earned higher than this as we’ve bought merely made an estimate of his career earnings.

In phrases of wage, he may want earned someplace between $60,000 to $100,000 each season as a soccer participant.

Sidoo began working inside the brokerage topic after quitting soccer.

He was a founding father of American Oil & Gas Inc. (NYSE -AEZ), which was provided to Hess Corporation for about US$600 million in December 2010.

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Last Modified: April 19, 2022


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