He Saw Iceland’s Banking Fraud From Inside. Now He’s Worried About Crypto

He Saw Iceland’s Banking Fraud From Inside. Now He’s Worried About Crypto
Jared Bibler was in the belly of the beast. Then he got to perform the autopsy.Bibler was an asset manager at Landsvaki, one of Iceland’s largest banks, from early 2007 to late 2008. By then he had seen enough rampant fraud at the bank to prompt him to jump ship. Less than two weeks later, the bank collapsed.At the center of Iceland’s huge banking fraud was an elaborate scheme involving stock buybacks and shell companies, which had been going on since the late 1990s. Very quickly the entire Icelandic economy went down. Cash withdrawals were frozen, pensions were destroyed and…