Iceland’s Secret

The Untold Story of the World's Biggest Con

By Jared Bibler

Published: 05/10/2021
Pages: 272

The audiobook is available from Audible, Amazon and Apple

Born in Massachusetts, 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.

Read an exclusive Q&A with the author Jared Bibler

About the author

Jared Bibler

Jared Bibler 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.


“A unique perspective on events.”

Matthew Partridge, MoneyWeek

“Unlike most business books, it’s very accessible to the lay reader and even incorporates a sense of intrigue and action that makes it a top recommendation.”

Midwest Book Review

“Like The Big Short, but bigger.”

Business Matters

“To understand how the world really works, you need to understand Iceland’s Secret.”

The European

“Magnificent, horrifying”

Bill Myers, US journalist

“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

Axiom Award-winner – Silver Medal, International Business

Previous medalists include Nobel laureate Robert Shiller, former U.S. Secretary of State Condoleezza Rice, Pulitzer Prize winner Doris Kearns Goodwin, and philanthropist and investor Ray Dalio

“Few people are better-equipped to chronicle this extraordinary saga than Bibler. … His book is a blend of candid personal memoir and a Nordic noir that reveals his jaw-dropping discoveries as a regulator. … Iceland’s Secret is a fantastic read. An eye-opener and a cautionary tale, it is evidence of the brazen and protracted frauds that can occur if bankers are given a free pass by a country’s journalists, regulators, politicians and government.”

Ian Fraser, Financial Times

“[Iceland’s Secret] goes beyond a mere portrayal of a specific crime and its far-reaching ramifications and becomes a moral tale about the depths of human greed … an admirably rigorous account of a complex event of great contemporary importance.”

Kirkus Reviews

“A new genre is born: Nordic noir but with bankers going to jail. It reads like a thriller–but amazingly it’s all true.”

Russell Napier, bestselling author of Anatomy of the Bear

“A killer read from the heart of Iceland’s epic financial meltdown. A thrilling saga of crooked bankers and the dogged investigators who took them down.”

Tom Ashbrook, U.S. broadcasting legend


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