Hot Money: The New Narcos
Claim This Podcastby Pushkin Industries & Financial Times
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Podcast Overview
<p>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.</p> <p>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.</p> <p>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.</p> <p>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?</p>
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Publishing Since
5/25/2022
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February 17, 2026
From The Financial Times: The Broker
<p>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.</p> <p>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.</p> <p>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.</p> <p>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.</p> <p><strong>This piece, written by the FT’s Miles Johnson, host of Hot Money Season 2: The New Narcos, was </strong><a href="https://www.ft.com/content/d7f95899-d634-43c9-adac-da8da67f3cdb"><strong>originally printed</strong></a><strong> in FT Weekend.</strong></p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
50 total episodes available with 37 transcripts
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- What is Hot Money: The New Narcos?
<p>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.</p> <p>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.</p> <p>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.</p> <p>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?</p> - How often does this podcast release new episodes?
This podcast updates daily.
- Where can I listen to this podcast?
This podcast is available on 10 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
- Does this podcast accept guests?
No, this podcast does not typically feature guests.
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