Underbelly By cover art

Underbelly

By: Entropy Media
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  • Summary

  • Underbelly is a podcast series exploring the wild and true stories behind investigations into the underbelly of society. From enigmatic spies, to seedy criminals and crooked officials, to the upper echelons of government intelligence, we shine light on the underworld through never before heard revelations about crimes you never dared to imagine. Season one of Underbelly—Brokers, Bagmen, & Moles—takes a fresh look at the FBI's most expensive undercover operation in history. Told through archival audio as well as new and exclusive interviews with the people who were there, this financial thriller features host Anjay Nagpal investigating whether the Feds' 1987 attempt at exposing widespread corruption at Chicago's future exchanges was a huge success... or a massive failure. It all depends who you ask. Season two of Underbelly, premiering March 13—The Rebel Kind—is the unreal, real-life story of Dave Rupert, a six-foot-seven Chicago trucker who infiltrated the heart of a dangerous faction of the Irish Republican Army. Veteran journalists Bob Herguth and Abdon Pallasch tell you the story of how this unlikely man with entrepreneurial dreams and a willingness to do whatever it takes ends up being the most famous/infamous spy during The Troubles through tape recordings they made of Rupert in secret locations 20 years ago.
    Entropy Media, 2023-2024
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Episodes
  • Underbelly: Brokers, Bagmen, & Moles - Season 1 Trailer

    Underbelly: Brokers, Bagmen, & Moles - Season 1 Trailer
    Apr 4 2023
    When you picture the 1980s’ Wall Street boys’ club, you might not think of Chicago. But in 1987, its Mercantile Exchange dwarfed the New York Stock Exchange in both dollars and international influence. Member-owned and expanding rapidly, how it worked—or who was working it—was more obscured. That’s when the FBI stepped in. The Feds sought to shine light upon it through a high-stakes operation, the most expensive in its history, to expose corruption at Chicago’s Merc and Board of Trade. What ensued was an elaborate undercover investigation resulting in dozens of indictments for traders who were accused of conspiring to defraud farmers, banks, pension funds, and other customers from around the world. The government either had itself a huge success that reformed our financial markets, or it was total flop—it all depends who you ask. Led by host Anjay Nagpal, after more than thirty years, Brokers, Bagmen, & Moles gets to the truth. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    3 mins
  • S1 01: The Biggest Small Town in the World

    S1 01: The Biggest Small Town in the World
    Apr 26 2023
    In the 1980s, blue collar kids started making millions at Chicago’s commodities exchanges. This century-old boys' club was one of the best-kept secrets in the world until the FBI showed up and tried to end the party. The FBI investigation put the exchanges on front pages everywhere, but when the Feds packed up, business went back to usual—like they’d never been there. Thirty years later, former-trader-turned-Hollywood exec Anjay Nagpal thinks there's something strange about this case. He taps his Chicago connections and after a few calls, he's already poking holes in the government's long-accepted narrative of the investigation. Notes: You can find episode transcripts and more on our website at https://www.entropymedia.art/brokers-bagmen-moles. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    35 mins
  • S1 02: T-Bun and the G Men

    S1 02: T-Bun and the G Men
    Apr 26 2023
    To understand this case, you need to meet the colorful cast of characters at its core: Chicago commodities traders. Meet part-time bookie, possible mob associate, and full-time trader Tony “T-Bun” Bonjourno. He’s a blue collar guy whose dad’s friend helped him get a job on the floor. Once there, T-Bun and his friends live a life beyond their wildest fantasies. T-Bun gives us our first glimpse of the FBI agents’ actions on the floor and tells an incredible story that might just be the answer to why this investigation ended prematurely. Notes: You can find episode transcripts and more on our website at https://www.entropymedia.art/brokers-bagmen-moles. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    40 mins
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Profile Image for ONJ

What a character!

I love these truth stranger than fiction podcasts. David Rupert is a fascinating character study.

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