Betrayal Season 5

Betrayal Season 5

4.7 (19K) · TRUE CRIME · UPDATED WEEKLYE

The fifth season of the acclaimed ABC Audio series. A true crime story of betrayal told from the inside — by the person who was betrayed.

Episode 8: The Aftermath — Building a Life from the Wreckage

Episode 8: The Aftermath — Building a Life from the Wreckage

The final episode of Season 5. Stephanie Walsh is divorced, her husband is serving 12 years, and the civil suits brought by his victims are slowly being resolved. Andrea Gunning checks in six months after recording wrapped to ask: who is Stephanie now, and what does she want from the rest of her life?

Episode 7: The Trial

Episode 7: The Trial

Stephanie sat in the courtroom every day of her husband's trial. This episode is her account of watching prosecutors present evidence of a life she didn't know existed — the offshore accounts, the false documents, the victims who came to testify.

Extended Interview: The Victims Speak

SUBSCRIBERS ONLY

Extended Interview: The Victims Speak

Three of the families defrauded by Stephanie's husband agree to speak on the record for the first time. Their perspectives on Stephanie — was she a victim too, or was she complicit? — are more complicated and more compassionate than you might expect.

Episode 6: The Second Life

Episode 6: The Second Life

Investigators discovered that Stephanie's husband had maintained a second apartment, a second phone, and what appears to have been a second identity for at least six years. This episode follows the forensic reconstruction of that shadow life.

Episode 5: The First Signs

Episode 5: The First Signs

In retrospect, Stephanie can see the signs. This episode is an excavation of those moments — the unexplained absences, the financial inconsistencies, the conversations that didn't quite add up — and why she explains them away as she reviews them now.

Episode 4: The Call That Changed Everything

Episode 4: The Call That Changed Everything

The discovery of the fraud didn't come through Stephanie. It came through a phone call from a detective she'd never spoken to. This episode reconstructs the 72 hours after that call — the conversations, the confrontations, and the moment the story she'd been told about her own life collapsed.

Episode 3: The Man I Married

Episode 3: The Man I Married

A portrait of Stephanie's husband as she knew him — charming, ambitious, occasionally withdrawn. She reads from her diary. She shows Andrea photographs. She describes the specific version of this man that existed only for her, and asks aloud whether that version was ever real.

Episode 2: The Fraud

Episode 2: The Fraud

Before we can understand what Stephanie lost, we need to understand what her husband actually did. A detailed account of the Ponzi scheme — how it worked, who it targeted, and the specific techniques that allowed it to operate for nine years without detection.

Hosts & Guests

Andrea Gunning

Andrea GunningHost & Reporter

4.7

out of 5

19K Ratings

The most emotionally devastating true crime podcast

Betrayal is different from other true crime because the story is told by the person who was hurt. Stephanie's voice, her processing in real time, her occasional cruelty to herself about things she "should have seen" — it's heartbreaking and completely compelling.

BetrayalFan · Mar 4, 2026

Season 5 is the best yet

Each season of Betrayal is excellent and Season 5 somehow tops them all. The complexity of Stephanie's position — victim of the fraud by association, victim of a marriage that was a lie — is handled with extraordinary sensitivity by Andrea Gunning.

ABCAudioListener · Feb 18, 2026

Hard to listen to in the best way

I had to pause several times because the material is so emotionally intense. Stephanie is remarkably articulate about her own trauma and Andrea Gunning earns her trust by asking exactly the right questions. Essential true crime.

TrueCrimeWeekly · Feb 3, 2026

About

Betrayal is the true crime series that asks the hardest question: what do you do when the person who destroyed your life is someone you loved and trusted completely? Each season follows a different story of betrayal — a spouse who led a double life, a business partner who stole everything, a family member whose secrets cost lives. Season 5 is the story of Stephanie Walsh, who discovered that her husband of twelve years was not only having an affair but had been operating a financial fraud scheme that had cost dozens of families their life savings. The series is produced by ABC Audio and hosted by Andrea Gunning, who interviews Stephanie over the course of several months as she processes what happened and what comes next.

Information

Channel

ABC Audio

Creator

Andrea Gunning

Years Active

2021 - 2026

Episodes

40+

Rating

Explicit

Copyright

© 2026 ABC Audio. All rights reserved.

Show Website

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Provider

ABC Audio

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