Two M.B.A.'s equals a PhD

Records at American University show that Mr. Fahim was awarded an M.B.A., but there is no record of him receiving a doctorate there — the university does not even offer an advanced degree in real estate. A lawyer for Hydra, responding in writing to questions, said Mr. Fahim received two M.B.A.’s from Kogod, one in finance and one in real estate."