Venture Capital
A Maryland telecommunications executive plied a Harvard fencing coach with inducements totaling $1.5 million, according to court papers. : A Maryland telecommunications executive ensured his two sons were admitted to Harvard University by plying the school’s fencing coach with inducements totaling $1.5 million, including buying the coach’s house at an inflated price, paying his car loan and utility bills, and funneling payoffs through charitable foundations, according to court papers charging the pair in a bribery conspiracy. The executive, Jie “Jack” Zhao, and the coach, Peter Brand, were arrested Monday morning, federal authorities said.