PODCAST · business
Hot Money: Agent of Chaos
by Pushkin Industries & Financial Times
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?
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Introducing Drilled: Carbon Cowboys
Drilled is a true-crime climate change podcast exposing how corporate corruption and political operatives built decades of climate denial and delay. Hosted and reported by award-winning investigative climate journalists, led by Amy Westervelt, each season unravels new evidence of deception, disinformation, and the power structures keeping real climate solutions out of reach. In September 2025, a group of Brazilian ministers trekked all the way to chilly North Dakota to see a presentation on a new type of clean energy project, one that promised to help them deliver Brazilian President Lula’s dream of turning Brazil into "the Saudi Arabia of sustainable aviation fuels." It was the latest in a string of projects from Midwest Republican kingmaker and corn ethanol magnate Bruce Rastetter, whose investments in Brazil might just transform him into a global carbon czar, even as his Summit pipeline carbon project faces fierce opposition from Iowa to North Dakota. The problem? It all requires loads of land and none of it does a thing about climate change. Here's episode 1 of Drilled: Carbon Cowboys. Find Drilled wherever you get podcasts.See omnystudio.com/listener for privacy information.
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From The Financial Times: The Broker
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.See omnystudio.com/listener for privacy information.
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Episode 8: Matryoshka
In our season finale, Sam discovers a different narrative about Marsalek’s life in Russia. And a tip from long ago resurfaces. See omnystudio.com/listener for privacy information.
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Episode 7: From Russia With Love
A Marsalek-backed ring of operatives goes on trial in the UK for espionage. A treasure trove of text messages reveals their inner workings. Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+. Subscribe on Apple: apple.co/pushkinSubscribe on Pushkin: pushkin.fm/plusSee omnystudio.com/listener for privacy information.
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Episode 6: Maestro
Back in Vienna, Sam investigates another Marsalek plot. One that nearly toppled Austria’s intelligence agency. Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+. Subscribe on Apple: apple.co/pushkinSubscribe on Pushkin: pushkin.fm/plusSee omnystudio.com/listener for privacy information.
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Episode 5: A Different Set of Rules
How does one become a spy? Sam speaks with a former Russian intelligence officer about how Marsalek might have been recruited. And to what ends. Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+. Subscribe on Apple: apple.co/pushkinSubscribe on Pushkin: pushkin.fm/plusSee omnystudio.com/listener for privacy information.
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Episode 4: Backbearings
On the ground in Austria and Germany, Sam digs deep into Marsalek’s past. His odd habits. His strange house. The hypnotic effect he had on former colleagues. And how he is remembered by childhood friends. CORRECTION: In this episode, we reported Marsalek left home just before taking his final school exams at age 17. We’ve since learned he was 18 when he left home. Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+. Subscribe on Apple: apple.co/pushkinSubscribe on Pushkin: pushkin.fm/plusSee omnystudio.com/listener for privacy information.
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Episode 3: Thrill Seeking
Sam tracks down an old contact in Tunisia. A former UN official living off grid. He reveals how he ended up involved in one of Jan Marsalek’s wildest schemes. CORRECTION: In this episode, we reported that Marsalek told Killian Kleinschmidt that he arrived in Syria in a Mig 8. That was an error. Killian only recalls Marsalek saying that he arrived in Syria in a helicopter, not specifically a Mig 8. Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+. Subscribe on Apple: apple.co/pushkinSubscribe on Pushkin: pushkin.fm/plusSee omnystudio.com/listener for privacy information.
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Episode 2: The Friendship Society
As Sam arrives in Vienna, a political bomb explodes. A secretly recorded video exposes ties between the far right and Russia, plunging the Austrian government into crisis and revealing a world where people like Jan Marsalek can thrive. Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+. Subscribe on Apple: apple.co/pushkinSubscribe on Pushkin: pushkin.fm/plusSee omnystudio.com/listener for privacy information.
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Episode 1: The Bribe
A series of clandestine lunch meetings leads Sam’s editor to send him off to Vienna, in search of one man. Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+. Subscribe on Apple: apple.co/pushkinSubscribe on Pushkin: pushkin.fm/plusSee omnystudio.com/listener for privacy information.
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Introducing Hot Money Season 3: Agent of Chaos
When reporter Sam Jones asks questions about disgraced financial executive Jan Marsalek, he discovers a world of warlords, espionage, and disinformation. Coming June 10 from Pushkin Industries and The Financial Times Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+. Subscribe on Apple: apple.co/pushkinSubscribe on Pushkin: pushkin.fm/plusSee omnystudio.com/listener for privacy information.
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Episode 8 - The Red Notebook
Law enforcement cuts off the Kinahan cartel, and a little red notebook in the back of a car might finally reveal who killed the electrician in Almere. For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.See omnystudio.com/listener for privacy information.
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Episode 7 - Against the Ropes
Daniel Kinahan is more influential than ever, but law enforcement may finally be catching up. For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.See omnystudio.com/listener for privacy information.
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Episode 6 - Ties with Tehran
An undercover operation in New York reveals a connection with Tehran. For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.See omnystudio.com/listener for privacy information.
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Episode 5 - Nerds vs Narcos
Back in the Netherlands, the high-tech unit of the Dutch police works to crack the murder case. For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.See omnystudio.com/listener for privacy information.
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Episode 4 - Gangster's Paradise
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+.See omnystudio.com/listener for privacy information.
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Episode 3 - Sun, Guns & Sangria
International law enforcement is after the Kinahan cartel, revealing just how big the operation has grown. For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.See omnystudio.com/listener for privacy information.
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Episode 2 - Cocaine CEO
An enterprising Dublin drug dealer makes the most of a revolution sweeping across Europe’s criminal economy. For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.See omnystudio.com/listener for privacy information.
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Episode 1 - Murder Brokers
When a Dutch crime reporter makes an unbelievable discovery, a small-town murder case begins to look like an international assassination plot. For more from the FT, sign up for the FT Edit App. To listen to Hot Money ad free, subscribe to Pushkin+.See omnystudio.com/listener for privacy information.
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Introducing Hot Money: The New Narcos
Hot Money is back with a new season that begins with a mysterious murder in a small town and leads to a cocaine super cartel and a secret proxy war between democracies and dictatorships.See omnystudio.com/listener for privacy information.
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Episode 8: Inside Porn's Star Chamber
In the season finale, Alex and Patricia discover how Visa and MasterCard became the reluctant rulers of porn. And they figure out what being ruled by credit card companies means for the porn industry today. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to subscribe to our email list.See omnystudio.com/listener for privacy information.
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Episode 7: Porn Meets OnlyFans
Alex and Patricia track down the family behind OnlyFans, the site that has transformed online porn by shifting power back to performers. But there is a whole other side to the OnlyFans story. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm.See omnystudio.com/listener for privacy information.
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Episode 6: Knocking on the Door of a Porn Empire
One of the biggest porn companies in the world was forced to radically change its practices. But another porn giant changed almost nothing. Patricia travels to the company's Prague headquarters to understand why. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm.See omnystudio.com/listener for privacy information.
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Episode 5: The Billionaire Who Took Down Porn
A billionaire hedge fund manager reads a scathing column about a popular porn site. He sends an angry text to the CEO of MasterCard. Almost overnight, the biggest porn company in the world changes dramatically. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm.See omnystudio.com/listener for privacy information.
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Episode 4: Playboy vs. Rusty and Edie
How is it legal for porn sites to host millions of videos uploaded by users? The answer is in the story of an Ohio family in the early 1990s. In this episode: a family IT business, an FBI raid and a court case that set the precedent for porn – and for tech giants like Facebook and Twitter. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm.See omnystudio.com/listener for privacy information.
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Episode 3: Mr. Goldman, Mr. Sex
When Fabian Thylmann ran into trouble with the law, a former Goldman Sachs banker swooped in to buy his porn sites. But nobody knew who he was. He managed to keep his identity a secret for years --- until Patricia rumbled his game. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm.See omnystudio.com/listener for privacy information.
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Episode 2: The Darth Vader of Porn
A decade ago, a computer programmer named Fabian Thylmann began to build one of the biggest porn empires in the world. How did Fabian do it? He was good with money in a business that was starved of finance. He convinced Wall Street to bankroll his vision to take control of the industry. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm.See omnystudio.com/listener for privacy information.
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Episode 1: Porn Meets the Internet
Stoya is a porn star who saw first-hand how a firehose of free porn online transformed the adult industry. She sends hosts Alex Barker and Patricia Nilsson a quest: Find out who is in charge, and get to the bottom of how the business of porn really works. If you’d like to keep up with the most recent news from this and other Pushkin podcasts be sure to sign up for our email list at Pushkin.fm.See omnystudio.com/listener for privacy information.
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Hot Money: Who Rules Porn?
When Financial Times reporter Patricia Nilsson started digging into the porn industry, she made a shocking discovery: Nobody knew who controlled the biggest porn company in the world. Now, Nilsson and her editor, Alex Barker, have figured out who the guy was, and much more. Their reporting reveals a shadowy power structure that includes billionaires, tech geniuses and the most powerful finance companies in the world. Coming June 7th. See omnystudio.com/listener for privacy information.
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ABOUT THIS SHOW
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?
HOSTED BY
Pushkin Industries & Financial Times
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