Hot Money Podcast: Agent of Chaos | FT #shorts

Corporate Fraud & Espionage - The Financial Times exposed Wirecard, a German financial payments giant, as a major corporate fraud in 2020 [1] - The fraud is considered the biggest in German history [1] - Yan Marcel, Wirecard's COO, led a double life as a fraudster and a spy connected to Russian intelligence agencies [2] - Marcel disappeared with millions just before Wirecard's collapse [3] - Marcel's activities included conspiracies to empower the far-right, corrupt politicians, manipulate intelligence agencies, and engage with organized crime [5] Investigation & Scope - The Financial Times has been investigating Marcel's activities for the past year [3] - The investigation spans from Vienna to North Africa, exploring Marcel's past and his connections [4] - Marcel's life involved high-end European restaurants, parties with a Russian lover, and involvement in the war on terror, including selfies with Russian mercenaries in Syria and Libya [5] - Marcel used proxies to steal classified military equipment, trail journalists and dissidents, and potentially lay the groundwork for assassinations [5] - The investigation highlights the fragility of law-abiding societies and the allure of the "other side" for some individuals [6]