I can’t believe this story is only just coming out. Bloomberg is a smart guy. We may not like him, but he’s smart. Did he really not know about this?
He may just think it's a great opportunity to show the Arab sheiks and emirs in the Middle East, whose business he is hoping to attract for his new sharia-oriented financial products and software support, what a great guy he is.
If this developer goes down, they may find another one - but what the heck, Bloomberg is still a great guy, right?