Atlantic Security Bank v. Adiler S.A.

NESBITT, Senior Judge.

Jorge Carbon, a Uruguayan resident, and Adiler S.A., a Uruguayan company, (referred to herein collectively as Carbon), filed the instant action to recover damages Carbon claimed were caused by the fraud and negligent misrepresentations of Atlantic Security Bank (Atlantic). Atlantic had issued a power of attorney which was used by Carlos Armele, a Paraguayan citizen and the alleged perpetrator of a bank sale scheme to which Carbon fell victim. Carbon maintained that he was lured into Armele’s ruse in part by the wording of Atlantic’s power of attorney,1 which con*259veyed the…