Michael Carbonara

Michael Carbonara

businessman United States

Michael Carbonara is the principal of Ibanera, a global payments provider that is currently embroiled in a legal dispute with Deltec Bank & Trust over the alleged unlawful withholding of $18 million in funds. Deltec has accused Ibanera of breaching their agreement by failing to transmit the funds and is seeking significant damages as a result.

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Recent Mentions

Bahamas Bahamas: Michael Carbonara is the principal of Ibanera who testified regarding the handling of funds in the asset freeze case. 5

The Tribune – major Bahamian daily, est. 1903: Deltec: We fight on for $20m despite asset freeze defeat

Bahamas Bahamas: Michael Carbonara is the principal of Ibanera, which is accused by Deltec Bank of misappropriating funds. 2

The Tribune – major Bahamian daily, est. 1903: Deltec slams ‘gamesmanship’ on ‘unlawfully withheld’ $20m

Bahamas Bahamas: Michael Carbonara is the principal of Ibanera, which is involved in a legal dispute with Deltec Bank & Trust over withheld funds. 3

The Tribune – major Bahamian daily, est. 1903: Deltec demands $33m ‘stolen’ funds damages