All Episodes

BCCI 1991 : Jurisdictional Arbitrage & Consolidated Counterparty Risk | GP/LP Analysis - 3 Red Flags| EP30 T2

BCCI 1991 : A Bank in 78 Countries. Audited in Pieces. Supervised by Nobody. $13 Billion Gone | EP30 T1

Cum-Ex 2012 : Legal Arbitrage vs. Legal Authorization & Dividend Withholding Extraction at Systemic Scale | GP/LP Analysis - 3 Red Flags | EP29 T2

Cum-Ex 2012 : The Tax Was Paid Once. The Refund Was Filed Twice. 35 Banks Scaled It. The Courts Called It Criminal — EP29 T1

Swedbank / Baltic Laundromat 2019 : Compliance Capture Through Revenue Dependence & Correspondent Banking Incentive Failure | GP/LP Analysis - 3 Red Flags | EP28 T2

Swedbank / Baltic Laundromat 2019 : Compliance Saw It. Management Overrode It. €200 Billion Later, the CEO Was Gone — EP28 T1

ISDS / Micula v. Romania 2026 : BIT Mechanics & Cross-Border Enforcement | GP/LP Analysis - 3 Red Flags | EP27 T2

ISDS / Micula v. Romania 2026 : They Signed a Treaty Before They Joined the EU. Then the EU Required Them to Break It -- EP27 T1

Caritas Romania 1994 : Ponzi Mechanics in a Financial Vacuum & Regulatory Capture Through Political Legitimization | GP/LP Analysis - 3 Red Flags | EP26 T2

Caritas Romania 1994 : He Promised 8x in 90 Days. Four Million People Believed Him. The Math Never Did — EP26 T1

Kerviel / SocGen 2008: Rogue Trader Blind Spot & PnL-Driven Compliance Failure | GP/LP Analysis - 3 Red Flags | EP25 T2

Kerviel / SocGen 2008 : He Hid $50 Billion Inside the Bank's Own Risk System. For Two Years — EP25 T1

Evergrande 2021 : Pre-Sale Ponzi Structure & Local Government Fiscal Transmission | GP/LP Analysis - 3 Red Flags | EP24 T2

Evergrande 2021 : 1.2 Million Buyers Paid in Full. The Apartments Don't Exist — EP24 T1

Wirecard 2020: Third-Party Revenue Fabrication & Audit Confirmation Gap | GP/LP Analysis - 3 Red Flags | EP23 T2 

Wirecard 2020 : The Auditor Signed for 10 Years Without Confirming the Cash Existed — EP23 T1

Greece Goldman Swap 2010: Reporting Framework Arbitrage & Off-Balance-Sheet Sovereign Misrepresentation | GP/LP Analysis - 3 Red Flags | EP22 T2

Greece / Goldman 2010 : The Deficit Was 3.7%. The Real Number Was 15.4%. Goldman Knew — EP22 T1

Theranos 2018 : Governance Theater & Board Composition vs. Board Function | GP/LP Analysis - 3 Red Flags | EP21 T2

Theranos 2018 : She Raised $9 Billion on a Machine That Never Worked — EP21 T1

1MDB 2015 : Sovereign Extraction Mechanism & Counterparty Jurisdiction Mismatch | GP/LP Analysis - 3 Red Flags | EP20 T2

1MDB 2015 : Goldman Charged 9%. The Market Rate Was 1%. Nobody Asked Why — EP20 T1

Madoff 2008 : Audit Verification Gap & Feeder Fund Incentive Misalignment | GP/LP Analysis - 3 Red Flags | EP19 T2

Madoff 2008: $65 Billion. One Auditor. He Just Waited for the FBI — EP19 T1

SWIFT 2022: Sovereign Exclusion Mechanism | GP/LP Analysis - 3 Red Flags | EP18 T2

SWIFT 2022: The Weekend They Weaponized the Financial System — EP18 T1

Soros / Black Wednesday 1992 : Sovereign Commitment Optionality | GP/LP Analysis - 3 Red Flags | EP17 T2

Soros / Black Wednesday 1992 : Soros Made $1 Billion in a Day. The Government Handed Him the Trade | EP17 T1

Gold Central Banks 2024 : Reserve Currency Risk Premium & The Dollar Architecture No Portfolio | GP/LP Analysis - 3 Red Flags | EP16 T2

Gold Central Banks 2024: They Spent 50 Years Saying Gold Was a Relic. Then Bought More Than Ever — EP16 T1

Adani Group 2023 : Float Manipulation & Related Party Architecture | GP/LP Analysis - 3 Red Flags | EP15 T2

Adani Group 2023: Short Selling as Market Discipline & Asymmetric Information — EP15 T1

China Debt Trap Africa 2026 : Sovereign Collateral Architecture & Cross-Default Triggers | GP/LP Analysis - 3 Red Flags | EP14 T2

China Debt Trap Africa 2026 : How Infrastructure Loans Became Asset Seizures — EP14 T1

Odebrecht 2016: Regulatory Arbitrage & Sovereign Scale Corruption | GP/LP Analysis — 3 Red Flags | EP13 T2

Odebrecht 2016 : 12 governments. $788 million in bribes , All logged in their own system | EP13 T1

WeWork 2019 : IPO Window Dressing & Community Adjusted EBITDA | GP/LP Analysis —3 Red Flags | EP12 T2

WeWork 2019 : They lost $2 for every $1 they made. SoftBank gave them $10 billion anyway | EP12 T1

Blackstone / Invitation Homes 2021: Regulatory Capture & Policy-Dependent Return | GP/LP Analysis — 3 Red Flags | EP11 T2

Kiyosaki / Rich Dad 2024: Entity Shielding & Multi-Entity Liability Isolation | GP/LP Analysis — 3 Red Flags | EP10 T2

Archegos Capital 2021: Total Return Swaps & Prime Brokerage Counterparty Gap | GP/LP Analysis — 3 Red Flags | EP09 T2

FTX 2022: Rehypothecation Without Disclosure & Wrong-Way Risk | GP/LP Analysis — 3 Red Flags | EP08 T2

Lehman Brothers 2008: Repo 105, Margin Call Cascade & Incentive Architecture | GP/LP Analysis — 3 Red Flags | EP07 T2

Global Debt 2026: Reserve Currency Mechanics & The Triffin Dilemma | GP/LP Analysis — 3 Red Flags | EP06 T2

Strait of Hormuz 2026: Tail Risk Mispricing & Liquidity Illusion | GP/LP Analysis — 3 Red Flags | EP05 T2

Enron 2001: Off-Balance-Sheet SPVs & Circular Collateral | GP/LP Analysis — 3 Red flags | EP04 T2

Argentina Default 2001: Sovereign Financial Repression & Rollover Risk | GP/LP Analysis — 3 Red Flags | EP03 T2

Trump Taj Mahal 1991: Fee Extraction & Related Party Transactions | GP/LP Analysis — 3 Red Flags | EP02 T2

LTCM 1998: Prime Brokerage Leverage & Tail Correlation | GP/LP Analysis — 3 Red Flags | EP01 T2

Blackstone & Invitation Homes 2012 : How Wall Street Bought Your Neighborhoods | EP11 T1

Robert Kiyosaki / Rich Dad Poor Dad 2022 : The playbook of a clean bankruptcy | EP10 T1

Archegos Capital 2021 : How One Family Office Lost $20 Billion Before Anyone Noticed | EP09 T1

FTX 2022 : How Sam Bankman-Fried Made a Perfect Crypto Crime EP08 T1

Lehman Brothers 2008 : How One Bank's Death Almost Took the World With It — EP07 T1

Global Debt 2026 : Who Holds the Nations’ Debt? | EP06 T1

Straits of Hormuz 2026 : How One Chokepoint Controls the Price of Everything — EP05 T1

Enron 2001 : Why the Most Admired Company in America Was a Lie | EP04 T1

Argentina Default 2001 — How a Country Destroyed Its Own Middle Class Overnight — EP03 T1

Trump Taj Mahal 1991 — How Made Millions , Bankrupted World's Biggest Casino — EP02 T1

LTCM 1998 — Two Nobel Prizes Almost Collapsed the Global Financial System — EP01 T1