U.S. Embassy
Banham was submitted by The Journal of Commerce for the 1986 Pulitzer Prize for Investigative Journalism. The nomination recognized his series of investigative stories on the bugged U.S. Embassy in Moscow. His articles disputed the presence of the eavesdropping devices, which he contended were covered financially by a secret insurance policy underwritten by American International Group, Inc., and reinsured by Ingosstrakh, the Russian state insurer. In effect, the Soviet Union would be on the hook financially for the damage to the building. The articles were cited in the Congressional Review. The Cold War ended before the alleged eavesdropping devices were ever ascertained.
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