For nearly twenty years, Russell Wasendorf Senior 

intercepted letters from his bank, altered the 

balance figures in Photoshop, and submitted the 

forged documents to regulators as genuine. Two 

hundred and fifteen million dollars in client funds 

was missing. When electronic verification finally 

bypassed his post office box, he drove to the 

company car park and wrote a confession.

This episode of Dark Money: True Crime Finance goes 

inside Peregrine Financial Group — one of the most 

methodical one-man frauds in American regulatory 

history, the scanner and the Photoshop subscription 

that made it possible, and the note that ended it.

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John Rigas built Adelphia Communications over fifty 

years from a single cable franchise into one of 

America's largest companies. Then it emerged that 

he and his sons had been treating it as a personal 

bank account — two point three billion dollars 

borrowed, a golf course built, a town that had 

built its economy around a family now watching 

that family led away in handcuffs.

This episode of Dark Money: True Crime Finance goes 

inside Adelphia — the family fraud that destroyed 

a cable empire, sent a seventy-eight year old founder 

to federal prison, and became one of the defining 

corporate scandals of the summer of two thousand 

and two.

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episodes daily

He was one of the most successful hedge fund managers 

in the world. He was also, according to federal 

prosecutors, the centre of the most extensive insider 

trading network in Wall Street history. And the FBI 

had it all on tape.

This episode of Dark Money: True Crime Finance goes 

inside the Galleon Group investigation — how the FBI 

applied wiretap techniques from organised crime 

prosecutions to financial crime for the first time, 

what the recordings revealed, and how twenty-one 

people including a Goldman Sachs board member and 

a McKinsey partner were convicted alongside Raj 

Rajaratnam.

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Two Nobel Prize winners. A team of the most 

mathematically gifted traders in the world. A model 

that was supposed to be infallible. And leverage 

ratios so extreme that when Russia defaulted on its 

debt in 1998, the entire global financial system 

came within days of seizing up.

This episode of Dark Money: True Crime Finance goes 

inside Long-Term Capital Management — how a hedge 

fund built on genius and certainty accumulated one 

hundred and twenty-five billion dollars in exposure, 

how the Federal Reserve organised a private sector 

bailout in a single weekend, and what happens when 

the smartest people in the room are wrong all at once.

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episodes daily

Goldman Sachs CEO. US Senator. Governor of New Jersey. 

Jon Corzine had one of the most impressive resumes 

in American finance and politics. Then he ran a 

commodities brokerage, made a catastrophic bet on 

European debt, and one point six billion dollars 

in customer funds went missing.

This episode of Dark Money: True Crime Finance goes 

inside the collapse of MF Global — how customer 

accounts that were legally untouchable were used to 

meet margin calls, why farmers and small traders 

couldn't access their money for years, and how nobody 

went to prison.

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episodes daily

It survived the Civil War, two World Wars, and the 

Great Depression. It took a single accounting 

manoeuvre — used deliberately, repeatedly, and with 

full knowledge of senior management — to bring it 

down in a weekend. Repo 105 was not a rogue trade. 

It was a decision.

This episode of Dark Money: True Crime Finance goes 

inside the collapse of Lehman Brothers — how fifty 

billion dollars was temporarily removed from the 

balance sheet each quarter to make the firm look 

healthier than it was, what the auditors signed off 

on, and why the failure of one bank cost the global 

economy twenty-two trillion dollars.

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He didn't wait to be caught. On January the seventh, two thousand and nine, the chairman of one of India's largest technology companies wrote a letter to his board admitting he had falsified accounts for years. No charges. No arrest. Just a letter.

This episode of Dark Money: True Crime Finance goes inside the Satyam scandal how one point four billion dollars in cash that didn't exist nearly destroyed India's technology sector, and why Ramalinga Raju decided to confess before anyone asked.

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Every CFO he hired eventually went to prison. Richard Scrushy ran America's largest rehabilitation hospital company, hosted a Christian television programme, and presided over a two point seven billion dollar accounting fraud that required the active participation of his entire finance department.

This episode of Dark Money: True Crime Finance goes inside HealthSouth the fraud, the acquittal that shocked prosecutors, and the conviction that finally followed.

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It put milk in a billion homes across thirty countries. It sponsored Formula One. It was one of Italy's most beloved brands. And underneath the red and white carton was a fourteen billion euro accounting fraud held together, at the end, by a forged letter from a bank that confirmed it had sent no such letter.

This episode of Dark Money: True Crime Finance goes inside Parmalat Europe's Enron, and the fraud that wiped out the savings of thousands of ordinary Italian investors.

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He was fifteen when he started it in his parents' garage. He was twenty when he rang the opening bell on Wall Street. Barry Minkow built ZZZZ Best into a two hundred and eighty million dollar public company with almost no real revenue, a completely fabricated business line, and an auditor he took on a tour of a building he didn't own.

This episode of Dark Money: True Crime Finance goes inside the most audacious teenage fraud in stock market history. Subscribe for new episodes every daily