A college admission, in four acts: 1) Harvard fencing coach tries selling his house for $549K 2) Maryland businessman buys it for $1M 3) Businessman's son gets into Harvard, on fencing team 4) Businessman then sells house at $325,000 loss via @jm_bos Tweet added by Matt Stout @MattPStout

Matt Stout

5 years

A college admission, in four acts: 1) Harvard fencing coach tries selling his house for $549K 2) Maryland businessman buys it for $1M 3) Businessman's son gets into Harvard, on fencing team 4) Businessman then sells house at $325,000 loss via @jm_bos

He bought the fencing coach’s house. Then his son got into Harvard - The Boston Globe

The Needham house was assessed at $549,300, but sold for nearly a million dollars. The buyer, who never lived a day there, would sell it 17 months later at a substantial loss in what may become the...

www.bostonglobe.com

106

1K

2K

Matt Stout

@MattPStout

5 years

Jie Zhao, the businessman who bought the home, flew to Boston because he wanted to explain everything in person, and, in his words, look the Globe reporter in the eye

He bought the fencing coach’s house. Then his son got into Harvard - The Boston Globe

The Needham house was assessed at $549,300, but sold for nearly a million dollars. The buyer, who never lived a day there, would sell it 17 months later at a substantial loss in what may become the...

www.bostonglobe.com

8

35

98

Tim Ashwell

@TAshwell

5 years

@MattPStout @jselingo @jm_bos I suspect there's less to this story than meets the eye. The son appears to have been an excellent Harvard candidate and a decent fencer. The businessman is a fencing groupie who appears a little star-struck.

3

0

8

Stu Levitan

@StuLevitan

5 years

@MattPStout @jm_bos Why did you leave out the part about the son being an A student at St Alban's with a perfect SAT score, that his brother was a Harvard fencer, and that his mother has multiple Harvard graduate degrees? Why don't you think those facts are worth billboarding as well? Thanks.

11

4

49

happy dinosaur

@bdogleague

5 years

@MattPStout @jm_bos Didn’t Obama and Tony Rezko workout a similar deal? Not for a college admission but for funding a campaign.

0

P. D. Mangan Health & Freedom Maximalist 🇺🇸

@Mangan150

5 years

@MattPStout @jm_bos Sounds like a few people need to be going to jail over this.

3

0

30

Michael Modica

@mike_mo21

5 years

@MattPStout @jm_bos Don’t get me wrong, this is very wrong, but damn, that’s some clean ass money laundering right there. Even if they were caught, which they were, I’m sure the attorneys will make the argument that a home is worth what a buyer is willing to pay. Complete BS but law is law.

0

The King's Cheque En Qua

@justinalpertesq

5 years

@MattPStout @jm_bos Like, “Oh, sure... HE went to Harvard.”

0

Conor McPegHer

@LeapDayBaby92

5 years

@MattPStout @jm_bos The beauty of this is he wrote off that loss and paid less taxes that year than I did. Call it what you want, it’s genius. He really didn’t spend a dime to get his son into Harvard, therefore making it completely legal.

0

Noah.M 米洛亚

@noahmitchell07

5 years

@MattPStout @jm_bos Am I only to think HSBC bribes Huaweinthe similar way ? To get Hiawei corporate business, offered Meng Wan Zhou zero down payment for her Vancouver mansion? @niubi @BaldingsWorld @Jkylebass @dktatlow

0

Jack Thompson

@rovingwaves

5 years

@MattPStout @jm_bos I'm in the wrong business

0

2

We Can Only Hope!!

@kismet7859

5 years

@MattPStout @Susan_Hennessey @jm_bos One hand washes the other!

0

1

Leave it to Deaver

@cosmicommons1

5 years

@MattPStout @jm_bos 🤔 Doesn't seem legit.

0

MyNameIsNeo

@TrajanStevens

5 years

@MattPStout @Susan_Hennessey @jm_bos Harvard is not worth it

1

0

11

Keeferton 🇺🇸🇺🇦

@Keeferton

5 years

@MattPStout @Susan_Hennessey @jm_bos It sounds like a kind of scheme in which @realDonaldTrump would be involved.

1

0

3

TdhGrove #resist #burnvictim #survivor

@TdhGrove

5 years

@MattPStout @LmckCdaUsa @jm_bos Damn tho. I mean corruption ASIDE. he got over 100k over original asking price on the resale. Thats pretty good. Lol

0

1

Joel Demay

@jdemay

5 years

@MattPStout @jm_bos So bottom line the house was really worth 675K$ so the fencing coach was a lousy business person will to sell his house for less than it was worth.

1

17

trico

@toyarico

5 years

@MattPStout @Susan_Hennessey @jm_bos Anyone think these people are on the up and up in their other business dealings?

1

0

4

Nathaniel is @nkwoodward on Threads

@NatWoodward

5 years

@MattPStout @jm_bos Even if Zhao wasn't trying to bribe Brand, isnt the exorbitant purchase price an illegal end-run around taxable gifting? Aren't gifts over $15,000 taxable by the IRS?

2

0

12

Replies