Watch Dirty Money White Lies (English subtitled)

Dirty Money White Lies is a gripping investigative journalism series from Iceland that brings to the fore the deep-rooted corruption and frauds that have plagued the country's banking industry. The show's six episodes, English subtitled by MHz Networks LLC, lead viewers through different aspects of Iceland's financial collapse in 2008 that made international headlines.

Each episode delves into a different aspect of the economic bubble, its collapse, and the subsequent governmental and legal responses. The series confronts the ongoing ethical dilemmas associated with the world's financial system, and how banking leaders exploited the economy and the public trust for personal gain. From tax evasion and embezzlement to market manipulation and fraudulent real estate deals, the series uncovers financial crimes that were at the heart of Iceland's economic woes.

The series starts with an arresting opening episode that examines the 2008 banking crisis through the eyes of Birna Einarsdottir, a woman whose son was one of the many people to take their life in the wake of the scandal. It reawakens the common perception of Iceland's national psyche, revealing the dramatic toll that the crisis had on this small nation, which had enjoyed relative prosperity in the years leading up to it.

As the episodes proceed, the series thoroughly examines Iceland's financial industry and how it colluded with the country's politicians to create an environment in which money was siphoned from system and ultimately led Iceland to become a global pariah when it came to banking. Each episode exposes the irregularities in a different financial sector, meticulously detailing how the bankers and public officials worked hand in hand to skirt regulations and laws.

The second episode focuses on a fraudulent land deal in the outskirts of Reykjavik - the country's capital city - with all signs pointing towards the lender, the Glitnir bank, having knowingly facilitated the deal. The bank's top executives’ decision to collaborate with shady investors knowingly led the country to the brink of economic destruction.

The third episode takes a deep dive into the workings of failed Icelandic bank Kaupthing, exposing how it was corrupt from the inside out, and how its leaders profited from illegal banking practices. The episode calls into attention Kaupthing's suspicious dealings with Qatari investors, which may have formed the foundation of the bank's ruin and that of the Icelandic economy as a whole.

The fourth episode uncovers a complex stock market crisis that involved the defrauding of the country's pension and insurance funds. The banks manipulated the Icelandic stock market to make huge profits while stiffing the public, leading to criminal charges and exposing the lack of regulation in Iceland's banking industry.

The fifth episode sheds light on the criminal activity of Iceland's former Prime Minister, Geir Haarde, who for years had been instrumental in shaping the country's corrupt banking industry. The show lays bare his casual disregard for the law and how his political machinations led the country into a financial abyss.

The final episode of the series examines the aftermath of the economic crisis, how Iceland dealt with the fallout, and the path taken to recovery. It's a hopeful and cathartic conclusion to a series that has so painstakingly laid bare the corruption and hubris of the country's banking industry.

Dirty Money White Lies is a gripping and educational show that helps viewers understand the inner workings of Icelandic banking and its rise and fall from grace. The series is a testament to the resilience of Iceland's people and the unyielding power of investigative journalism in exposing wrongdoing and driving systemic change.