A longtime Harvard College fencing coach is below federal investigation for allegedly promoting his Massachusetts house to a businessman whose son needed to attend the college, based on a report Wednesday.
A federal grand jury has been convened to weigh felony expenses towards coach Peter Model, CNN reported, citing sources.
Model offloaded his house in Needham in 2016 for $989,5000 — practically twice what it was value in tax paperwork, the Boston Globe beforehand reported.
The client was Jie Zhao, who on the time had one son on the Harvard fencing staff and one other in highschool. Zhao offered the home 17 months later for $665,000 — a $324,500 loss.
The older son graduated final 12 months, whereas the youthful one was admitted to Harvard as a fencer in 2017.
US Legal professional Eric Rosen, the pinnacle of the school admissions scandal investigation, despatched a subpoena in April to the Needham Board of Assessors requesting paperwork and information for the property.
Harvard is conducting its personal investigation.
Attorneys for Zhao and Model stated they weren’t conscious of any felony investigation.
“We’ve not obtained any inquiry from the US Legal professional’s Workplace or some other regulation enforcement company, and we’re unaware of any such investigation,” Model’s lawyer Douglas Brooks informed CNN. “To be clear, Coach Model unequivocally denies any wrongdoing.”
Dozens of rich mother and father and college coaches have been charged within the widespread admissions scandal. Many have pleaded responsible.