No longer safe in Europe, the cartel bosses move to a city that is attracting criminals from around the globe.

For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.

No longer safe in Europe, the cartel bosses move to a city that is attracting criminals from around the globe.
For more from the FT, sign up for the <a href="https://ftedit.onelink.me/Ju3k/uea0bgn7" data-saferedirecturl="https://www.google.com/url?q=https://ftedit.onelink.me/Ju3k/uea0bgn7&amp;source=gmail&amp;ust=1701959522822000&amp;usg=AOvVaw2AfgEHHJ2RnCMThfAwnP4H">FT Edit App</a>. To listen to Hot Money ad free, subscribe to <a href="http://www.pushkin.fm/plus" data-saferedirecturl="https://www.google.com/url?q=http://www.pushkin.fm/plus&amp;source=gmail&amp;ust=1701959522822000&amp;usg=AOvVaw20IgYCeyfuXud-xgxZNBOU">Pushkin+</a>.

In 2020, the Financial Times exposed a €2 billion fraud at Wirecard, a high-flying German fintech. Many thought that was the end of the story. But for reporter Sam Jones, it was just the beginning.

This season on Hot Money: Agent of Chaos, Jones investigates Wirecard’s chief operating officer, who vanished just as Wirecard collapsed. And turned out to also be a Russian spy.

From an Ibizan sting operation to an attempted takeover of the Austrian intelligence service, his reporting spirals into a world of warlords, espionage, and disinformation.

All in an attempt to answer one question: Who is the real Jan Marsalek? And what does his secret life reveal about the powerful forces he serves?

In 2020, the Financial Times exposed a &euro;2 billion fraud at Wirecard, a high-flying German fintech. Many thought that was the end of the story. But for reporter Sam Jones, it was just the beginning.
This season on Hot Money: Agent of Chaos, Jones investigates Wirecard&rsquo;s chief operating officer, who vanished just as Wirecard collapsed. And turned out to also be a Russian spy.
From an Ibizan sting operation to an attempted takeover of the Austrian intelligence service, his reporting spirals into a world of warlords, espionage, and disinformation.
All in an attempt to answer one question: Who is the real Jan Marsalek? And what does his secret life reveal about the powerful forces he serves?

Hot Money: Agent of Chaos

Episode 4 - Gangster's Paradise

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9f2cdf45-b596-4840-8d17-b0d2010bacd0/transcript

Nearly 40 years ago, in the parking lot of a community college in Port Huron, Michigan, a 20-year-old student named Scott Macklem was shot dead in broad daylight. His murder shocked the community. It made no sense. The police quickly found their suspect. There was only one problem: the man said he was nowhere near the scene of the crime. And he could prove it. In Examined: The Backfire Effect, journalist Josie Duffy Rice talks with eyewitnesses, investigators and local reporters to unravel a shocking story of judicial apathy and expedience — a story that leaves no one off the hook.

Examined looks at overlooked cases that never got the real investigation they deserved. Each season features deeply reported stories about crime, punishment, and the criminal legal system. 

Find more episodes of Examined: The Backfire Effect wherever you get podcasts. Binge the full series now with a Pushkin+ subscription — sign up on the Examined Apple show page or at pushkin.fm/plus.

Nearly 40 years ago, in the parking lot of a community college in Port Huron, Michigan, a 20-year-old student named Scott Macklem was shot dead in broad daylight. His murder shocked the community. It made no sense. The police quickly found their suspect. There was only one problem: the man said he was nowhere near the scene of the crime. And he could prove it. In Examined: The Backfire Effect, journalist Josie Duffy Rice talks with eyewitnesses, investigators and local reporters to unravel a shocking story of judicial apathy and expedience &mdash; a story that leaves no one off the hook.
Examined looks at overlooked cases that never got the real investigation they deserved. Each season features deeply reported stories about crime, punishment, and the criminal legal system.&nbsp;
Find more episodes of Examined: The Backfire Effect wherever you get podcasts. Binge the full series now with a Pushkin+ subscription &mdash; sign up on the Examined Apple <a href="https://podcasts.apple.com/us/podcast/examined-the-backfire-effect/id1549249596">show page</a> or at <a href="http://pushkin.fm/plus" data-airgap-id="11">pushkin.fm/plus</a>.

Examined: The Backfire Effect | New Podcast 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7d7c77b9-bde2-4111-805d-b4c500330e93/transcript

In this special bonus episode from The Financial Times, "The Broker" tells the story of how a failed baseball hopeful and disgraced stockbroker reinvented himself as one of America’s most consequential modern arms dealers.

From a family-run warehouse in Virginia Beach, Will Somerindyke built his company into a crucial conduit in the Pentagon’s covert supply chains — sourcing Soviet-era weapons for wars in Syria and Yemen before emerging as a central player in Ukraine’s fight against Russia.

As artillery shells became the most sought-after commodity of the war, he placed a multimillion-dollar bet on reviving crumbling Cold War factories in the Balkans, transforming himself from middleman to manufacturer.

Based on months of reporting, The Broker traces Somerindyke’s rise through the shadow world of privatized warfare — where geopolitics, profit and personal ambition collide — and reveals how modern conflicts are sustained not only by soldiers on the front lines, but by entrepreneurs who move the weapons behind the scenes.

This piece, written by the FT’s Miles Johnson, host of Hot Money Season 2: The New Narcos, was originally printed in FT Weekend.

In this special bonus episode from The Financial Times, "The Broker" tells the story of how a failed baseball hopeful and disgraced stockbroker reinvented himself as one of America&rsquo;s most consequential modern arms dealers.
From a family-run warehouse in Virginia Beach, Will Somerindyke built his company into a crucial conduit in the Pentagon&rsquo;s covert supply chains &mdash; sourcing Soviet-era weapons for wars in Syria and Yemen before emerging as a central player in Ukraine&rsquo;s fight against Russia.
As artillery shells became the most sought-after commodity of the war, he placed a multimillion-dollar bet on reviving crumbling Cold War factories in the Balkans, transforming himself from middleman to manufacturer.
Based on months of reporting, The Broker traces Somerindyke&rsquo;s rise through the shadow world of privatized warfare &mdash; where geopolitics, profit and personal ambition collide &mdash; and reveals how modern conflicts are sustained not only by soldiers on the front lines, but by entrepreneurs who move the weapons behind the scenes.
This piece, written by&nbsp;the&nbsp;FT&rsquo;s Miles Johnson, host of Hot Money Season 2: The New Narcos, was&nbsp;<a href="https://www.ft.com/content/d7f95899-d634-43c9-adac-da8da67f3cdb">originally printed</a>&nbsp;in FT Weekend.

From The Financial Times: The Broker

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97ae9962-fbb3-421e-9127-b3f400fba0e2/transcript

In our season finale, Sam discovers a different narrative about Marsalek’s life in Russia. And a tip from long ago resurfaces. 

In our season finale, Sam discovers a different narrative about Marsalek&rsquo;s life in Russia. And a tip from long ago resurfaces.&nbsp;

Episode 8: Matryoshka

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8948f211-365d-4a46-9c2c-b32801784d62/transcript

Episode 4 - Gangster's Paradise

In 1 playlist(s)

Hot Money: Agent of Chaos

Social links

Follow podcast

Recent clips