Iceland’s Secret : an insider’s report about the Icelandic collapse, the investigation and a warning of the state of global financial supervision
"Like The Big Short, but bigger." — Business Matters
"I’m speechless." — R. David Ranson, leading economist
"To understand how the world really works, you need to understand Iceland’s Secret." — The European
"Magnificent, horrifying” — Bill Myers, US journalist
"Iceland’s Secret is a fantastic read ... an eye-opener and a cautionary tale." — Financial Times
"Perhaps the most important book I have read this year." — Rory Sullivan, CEO Chronos Sustainability
"I found myself unable to put it down.” — James A. Fok, author of Financial Cold War
“Iceland’s Secret” is the recent book by investigator Jared Bibler about a very dark period in Iceland’s history and a great read for fellow investigators.
Born in America, Jared Bibler relocated to Iceland in 2004 only to find himself in the middle of an unprecedented financial crisis a handful of years later.
Personally wiped out and seeking to uncover the truth about a collapse that brought the pastoral country to its knees, he became the lead investigator into some of the largest financial crimes in the world.
This work helped Iceland to famously become the only country to jail its bank CEOs in the wake of the 2008 crisis.
But the real story behind that headline is far more complex — and sinister.
A decade after the investigations, the story can be told at last and in full.
The crisis, barely understood inside or outside of Iceland even today, is a cautionary tale for the world: an inside look at the high crimes that inevitably follow Wild West capitalism.
With the next global financial meltdown just around the corner, this untold tale is as timely as ever.
You will read how an incredible Ponzi scheme was unravelled by the investigators, the tools and techniques that were used and about all the things that made the investigation difficult.
We all remember the Enron scandal and more recently the Panama and Pandora Papers and the link with what happened in Iceland will become clear when reading this book.
In case you’re interested to learn the full story, you can find more information about the book on IcelandsSecret.com and/or order the book online here.
About the author:
Jared Bibler ( https://www.undecom.com/profile/5c0b19cd-d7ae-414d-bfa4-ac894108eb21 ) is a graduate of MIT, where he studied engineering. He is also a CFA charterholder with nearly 20 years of broad experience in the global financial markets. Jared started his career in Boston and New York, where he worked as a consultant to a Wall Street giant.
Following that, he moved to Iceland where he supported the Icelandic pension funds’ foreign investments. Unhappy with this environment, he resigned from his job at a leading Icelandic bank days before the 2008 Icelandic financial crisis. He was subsequently hired to head a special investigation team at the Icelandic markets regulator. Jared and his team referred more than 30 criminal cases to the Special Prosecutor of Iceland, including the largest stock market manipulation cases to be prosecuted globally. Jared currently resides in Switzerland.
