Just outstanding work.
It wouldn’t be the first time a fraud has been cracked by a blogger before the big media and regulators lumber around to it. Alex Dalmady broke the Stanford scandal, with a big push from Felix Salmon, then at Portfolio—and got disgracefully little credit by the media.
This is going to be a big story. I’ll be eyeballing the press closely to see how it handles attributing the news to the Bronte Capital blog.
(h/t Felix Salmon)

I posted this comment on the Bronte Capital blog as well:
And what's more the building they were using (650 Fifth Ave) was partially owned by a Iranian bank
(http://ny.therealdeal.com/articles/feds-seek-forfeiture-at-650-fifth-ave).
Here is the DoJ link:
http://newyork.fbi.gov/dojpressrel/pressrel08/nyfo121708.htm
#1 Posted by uh oh, CJR on Wed 29 Apr 2009 at 01:26 PM