"Businessman Jie Zhao purchased the home of Harvard Fencing Coach Peter Brand for approximately $1 million in 2016, nearly double the home’s market value. According to a report from the Boston Globe, Zhao’s son would earn admission to the university and a spot on the fencing team shortly after the bizarre real estate transaction.
To make matters worse, Zhao never lived in the home that he purchased from Brand. In fact, he sold it just 17 months after the purchase at a $324,500 loss."
One way to get into Harvard. En Garde!
"Businessman Jie Zhao purchased the home of Harvard Fencing Coach Peter Brand for approximately $1 million in 2016, nearly double the home’s market value. According to a report from the Boston Globe, Zhao’s son would earn admission to the university and a spot on the fencing team shortly after the bizarre real estate transaction.
To make matters worse, Zhao never lived in the home that he purchased from Brand. In fact, he sold it just 17 months after the purchase at a $324,500 loss."
The fencing team sucks.
A fencing coach at work.
"No, no. More to the left! ... I wish I could get my damned house to sell. I need at least a mil for it."
not sure about now, but back when I was fencing in '04, Harvard's team was pretty damn good
Cant wait to hear about how this is a consequence of socialism.
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