William Muwwakkil

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Jurisdictions

Allegations

Judgment for $1.18 million against VistaBank

A default judgment for $1.18 million has been entered in the United States against Grenada-licensed VistaBank Ltd. and its principal, Carl H. Lane.The judgment, comprising $835,537 in actual damages and $350,000 in punitive damages, was entered on March 7, 2002 at the United States District Court for the Eastern District of Virginia.

Grenada-licensed VistaBank accused of fraud

Grenada-licensed VistaBank Ltd. and its President, Carl H. Lane, have been named as defendants in three separate lawsuits field recently in the United States. In two of the actions, the plaintiffs have alleged fraud against the bank, while the other complaint accuses Lane of ignoring an order to stop operating the bank from Atlanta, Georgia without a license.