Episode 4: Backbearings

Hot Money: Agent of Chaos

Pushkin Industries & Financial Times

Technology, Health & Fitness, Sexuality, Business, Society & Culture

4.6 • 619 Ratings

🗓️ 24 June 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

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.

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Transcript

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0:00.0	This is an IHeart podcast.
0:08.0	Previously on Hot Money.
0:10.6	Very fast, actually, he started then talking about his experience in Syria,
0:15.7	facilitated by the boys just after the recapture of the city of Palmyra from ISIS.
0:23.6	When he said with the boys, what did you say?
0:26.6	He basically said with the Russians.
0:32.6	So is it that one?
0:33.6	It's that one on the left.
0:35.6	Those two great big gates there.
0:43.8	It's fucking massive.
0:46.4	Yeah, so we're stood outside,
0:50.0	Grinskiggenstraze, well, the house on Grinskrigaenstrasse that belongs here in a master leg.
0:51.6	It's tall, it's snowing slowly through trees without leaves.
0:55.9	It's a very high fence, which is like a wrought iron fence
0:59.7	that's thickly covered with ivy.
1:04.3	In February, my producer Peggy and I went to Jan Marseleck's former residence in Munich,
1:09.8	a place he'd kept almost entirely secret.
1:12.9	It's where he ran his shadow life,
1:15.2	his extracurricular world outside of Wirecard.
1:19.0	61, Prince Rikentenstraza.
1:22.2	Marseleck rented it for 680,000 euros a year.
1:26.2	Here he was occupying one of the grandest residential buildings
	...

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