Peter Brand is out after an independent investigation concluded he violated the school’s conflict of interest policy by selling his house — for nearly twice its value — to the father of a recruit. Brand sold his three-bedroom home in Needham, Massachusetts, for $989,500 to Maryland businessman Jie Zhao, whose son was later admitted to Harvard. In explaining his inflated purchase, Zhao said he felt “so sorry” Brand had to travel 12 miles to fencing practice.
Is the case closed? A federal grand jury is reportedly also investigating the sale, but a Harvard spokeswoman declined to say whether the university has received a subpoena.