citizen in 1995 and co-founded a telecommunications business in 2003. The Chinese-born Zhao is a Maryland resident who became a U.S. In a statement, Harvard said it retained outside counsel to review the circumstances around the transaction after being made aware of it Monday. The Associated Press also left a message seeking comment from him. Zhao told The Globe in an interview that he purchased the home as an investment and as a favor to Brand and denied it was done to help his son get into the prestigious university.īrand did not return The Globe’s messages seeking comment.
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He is accused of paying $75,000 to get a test supervisor to correct answers on his daughter’s ACT exam after she took it. One of those parents, lawyer Gordon Caplan, of Greenwich, Connecticut, on Friday became the second one to announce plans to plead guilty. The sale appears unrelated to the recent college admissions scandal in which wealthy parents have been charged with bribing coaches and helping rig test scores to get their children into some of the nation’s most selective schools, said Claudine Gay, Harvard’s dean of the faculty of arts and sciences. The buyer, Jie Zhao, whose older son and wife also attended Harvard, never lived in the home and sold it for a steep loss 17 months later. The coach, Peter Brand, received nearly $1 million in 2016 for the three-bedroom house on a quarter-acre in Needham, which was assessed at the time at $549,300, The Boston Globe reported. Harvard reviews sale of coach’s home to prospect’s father | Federal News NetworkīOSTON (AP) - Harvard’s longtime fencing coach sold his suburban Boston home for nearly double its assessed value to a man whose son was later admitted to the school and joined the team - a transaction now under review by the university.