what no one but marc dreier knew was that the rents, the salaries and the expenses were all being subsidized by fraud. >> dreier: i recognized in the last couple of years that what i saw as a $20 million mistake had grown into a mistake of a few hundred million dollars. and then i did some increasingly irrational things, because i wasn't thinking clearly. >> kroft: crazy things. >> dreier: yeah. >> kroft: desperate. >> dreier: yeah. >> kroft: last fall, as the financial crisis set in, dreier was holding hundreds of millions of dollars in loans that were about to come due, and everyone wanted their money back. when dreier was a month late on a $100 million loan payment, the hedge fund that was owed the money demanded a face-to-face meeting with the executives at sheldon solow's real estate operations, here at his office building in new york. with reality closing in, dreier enlisted the services of a former client, kosta kovachev, to impersonate the president of solow's operation, and then he commandeered a conference room in solow's office for a meeting with the hedge fund, in hopes of gettin