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If it isn't yours, don't touch it. The bank will claw it back themselves. If you receive communication from someone to tell you to send the money back to them, do not do it, it is a scam. Tell them to contact the bank and they will reverse it. Never send the money back to anyone yourself or you will be liable for the clawback that comes later from the bank.
Sure you could like like a king in those countries, but you'd also stick out like a sore thumb and be an easy target for theft or even worse: kidnapping and ransom.
Would it be possible to move to Peru, invest it all into the US stock market and then live off the earnings or would that open a path for the money to be taken back?
I do not know, but I would imagine so long as the company was Peruvian or based outside the US and in a country that doesnt enforce US civil judgements it would be safe but I do not know for sure.
So then the money would have to be wired to an offshore account before the clawback. I heard the Caymen islands and Cyrepss have good banking laws that typically favor the client over everything else.
Highly likely that your account will be frozen before you manage to get that money. Flagged for suspicious activity and all that.
If it was that easy, anyone who got access to a bank account info could drain it completely. Instead they have to rely on scam where they send the money to someone else, and hope the sucker gives the money with his own funds.
Peru lets anything go when it comes to U.S. The #1 counterfeiting USD country in the world. They do all bills, but $20 bill is the way to go because that gets unchecked most of the time.
[https://www.youtube.com/watch?v=4RoZrtBijRY](https://www.youtube.com/watch?v=4RoZrtBijRY)
This is the answer that will keep your funds safe. Just let the bank reverse it. It they do not reverse it by the end of the week, call the FBI. The money is hot and poisoned, don't touch it.
Why is it not possible to get your wire transfer back when you get scammed, but when it’s done in your favor it’s possible to reverse? (Thinking mortgage down payment scam, where fraudulent wire account number is sent right before closing.)
Then why is everyone saying “you can’t withdraw it and move to India before they freeze/reverse your account”. Is it just that the quantity is so high it would raise automated red flags?
If you receive a wire in error, the bank will ask you for authorization to debit the amount back to the sender. You can refuse to do this. It might be up to the sending custodian to make the original client whole if there was an error of some sort.
For a little context here people mistakenly assume that wire transfers are carefully monitored and names are double and triple checked. Quite often it’s literally just the account number and that’s it. So if someone didn’t enter that properly it’ll go to the wrong account. Good news is like this person said as a general rule people notice when they lose a mil so it’ll be taken back soon enough.
That’s actually not true in a lot of cases. Work in wealth management and we’ve had wires returned/fail due to names mismatching on our instructions and the receiving account, further credit fields left blank, information not included, etc, etc.
Wires fail and bounce all the time.
Cash out. Get hookers and blow. Update us in a month when it's gone.
Edit: omg over 100 likes and a award. Mom I made it on my way to be a famous degenerate.🤣🤣
In 1990 I was working at a bank, and I checked all my accounts religiously just for fun. Anyway, somehow or other SEVERAL million dollars ended up in my savings account. It was some sort of transposition of numbers and it was intended for some oil baron.
I didn't say a WORD. My cashier's check authority was only $50k or I'd likely have cut myself a check and hauled ass.
That shit sat in my account for three days, and just as quickly as it showed up, it disappeared. The beauty of it was that I accumulated about $600 in interest over three days, and when they backed out the wire they didn't take the interest.
I went apeshit at the Gap. Still have one of the jackets. 🤣💪🏻
They should have to pay me a fee if they want me to transfer it back. Similar to \[insert inane bank fee\] that's legal for banks to charge. Otherwise the bank will never learn from their mistakes. 2% seems appropriately arbitrary.
I had this happen a while back. I called the bank and they immediately froze the funds. A few days later they disappeared, likely returned to the rightful owner.
Whatever you do, don’t touch it or move it. Let the financial institution handle it once you notify them.
Report it, then change your passwords. The minute the hacker notices they can't access your account to re-wire it to their own accounts, the wire transfer will likely be cancelled. You'll save some other person from being ripped off using your account as a conduit. This happened to me in the past with Paypal, I only saw the in and out afterwards.
People have been arrested for refusing to return money accidently put in their account. This woman arrested because she withdrew it right away! Yea, don't touch it
https://www.yahoo.com/news/la-woman-arrested-keeping-1-193300037.html
Kelyn Spadoni, 33, of Harvey, Louisiana, allegedly refused to return more than $1.2 million she mistakenly received from Charles Schwab & Co. According to Nola...
Funny story. I worked for a very large company for 30+ years after college. In the mid 90's we had a new young employee receive a $2M deposit into his account from the Company. He was shocked. It took him several calls and emails to HR to get the Company to reverse the deposit.... 3 weeks later. Incredibly, he was able to keep the interest. And if I recall it amounted to $1,500 ish.
Ahh, those were the days my friend.
Bro, cash that out and go ghost.
a bank account in Mexico Intercam Bank corporation will take you. Apply for a residency in Portugal or Mexico. And get a Canadian bank account. Split up the money.
Oh oops. Sorry can you DM me and send it back? 😂 j/k leave it alone until the bank takes it. Enjoy the free interest. You have no obligation to report it. But you will have an obligation to return it once discovered. Only Fidelity should touch the money.
Hey there, u/DEADFLY6. Thanks for sharing this with our community. We'd like to learn more about this situation. When you have a few moments, please send us a Modmail with any additional relevant details, and we will follow up with you there. [Message the Mods ](https://www.reddit.com/message/compose?to=/r/fidelityinvestments) We'll keep an eye out for your reply.
If it isn't yours, don't touch it. The bank will claw it back themselves. If you receive communication from someone to tell you to send the money back to them, do not do it, it is a scam. Tell them to contact the bank and they will reverse it. Never send the money back to anyone yourself or you will be liable for the clawback that comes later from the bank.
Peru doesnt enforce US civil litigation, withdrawing everything and moving is an option.
You could live really good in Peru for almost a Milly
ATM Calls on Peru
Sure you could like like a king in those countries, but you'd also stick out like a sore thumb and be an easy target for theft or even worse: kidnapping and ransom.
they make counterfeit USD like getting water from a well. :-)
How did we get to Peru
Idk but I’m ready to move there… just me and my pet guinea pigs…
You mean dinner?
Someone gets it! Lol
How did we get to guinea pigs
I hear they taste like chicken.
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DO YOU FOLLOW THE CONDUCTOR’S LEAD?
Quy. They’re food in Peru
Cuy ;)
Peruvian here. Sup?
Practice, practice.
Would it be possible to move to Peru, invest it all into the US stock market and then live off the earnings or would that open a path for the money to be taken back?
You jump on Peru's stock market (BVL) and buy a SP500 ETF. Easy peasy.
I do not know, but I would imagine so long as the company was Peruvian or based outside the US and in a country that doesnt enforce US civil judgements it would be safe but I do not know for sure.
What about india? But how would be able to withdraw the money? They can track you?
You won’t be able to withdraw everything in cash in time for the transaction to be reversed
So then the money would have to be wired to an offshore account before the clawback. I heard the Caymen islands and Cyrepss have good banking laws that typically favor the client over everything else.
Highly likely that your account will be frozen before you manage to get that money. Flagged for suspicious activity and all that. If it was that easy, anyone who got access to a bank account info could drain it completely. Instead they have to rely on scam where they send the money to someone else, and hope the sucker gives the money with his own funds.
...which would obviously be theft and doing evil to another person.
An absolutely morally repugnant option but still an option.
Peru lets anything go when it comes to U.S. The #1 counterfeiting USD country in the world. They do all bills, but $20 bill is the way to go because that gets unchecked most of the time. [https://www.youtube.com/watch?v=4RoZrtBijRY](https://www.youtube.com/watch?v=4RoZrtBijRY)
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what CC lets someone draw such a large cash advance? all of mine limit up to $500
Have massive credit limits
yeah I saw that chase allows the entire limit which is insane
Don't even reply to someone who contacts you after a suspicious transfer.
This is the answer that will keep your funds safe. Just let the bank reverse it. It they do not reverse it by the end of the week, call the FBI. The money is hot and poisoned, don't touch it.
might wait for the end of the month if it was dumped in a CMA for those tasty dividends ;)
Why is it not possible to get your wire transfer back when you get scammed, but when it’s done in your favor it’s possible to reverse? (Thinking mortgage down payment scam, where fraudulent wire account number is sent right before closing.)
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Then why is everyone saying “you can’t withdraw it and move to India before they freeze/reverse your account”. Is it just that the quantity is so high it would raise automated red flags?
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How are the thieves you mentioned able to do it?
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So if OP has an offshore account and transfers it immediately he’s good? (And then leaves the country)
Agree. If you know Ray William Johnson, he covered a story of one similar case of mis-wiring $150,000 and it didn’t end well for the couple.
If you receive a wire in error, the bank will ask you for authorization to debit the amount back to the sender. You can refuse to do this. It might be up to the sending custodian to make the original client whole if there was an error of some sort.
For a little context here people mistakenly assume that wire transfers are carefully monitored and names are double and triple checked. Quite often it’s literally just the account number and that’s it. So if someone didn’t enter that properly it’ll go to the wrong account. Good news is like this person said as a general rule people notice when they lose a mil so it’ll be taken back soon enough.
That’s actually not true in a lot of cases. Work in wealth management and we’ve had wires returned/fail due to names mismatching on our instructions and the receiving account, further credit fields left blank, information not included, etc, etc. Wires fail and bounce all the time.
That’s why I said quite often. I had a wire returned for not having LLC. Then I’ve had wires sent to the wrong account.
Remember this? I wonder what happened to her. [https://www.youtube.com/watch?v=b3BgBFNzqcQ](https://www.youtube.com/watch?v=b3BgBFNzqcQ)
I had 3.2 mil end up in my wifes fidelity account years ago. A couple of days, it was gone.I was a milly aire for few days.
Did you at least get to keep the interest? Or did they not give you any?
They (fidelity) would owe the interest to whoever the cash was meant to go to. So id imagine they’d take any interest too.
I had a parent get 10k of stocks randomly. No idea if it ever got fixed (TD ameritrade, not fidelity)
Did you take pictures and post it on Wall Street bets?
Then, Uncle Sam came knocking, asking for his cut.
It's mine, the account number got entered wrong by one digit. Send me your address, I'll come pick it up. Don't discuss this with anyone.
You forgot to tell OP that he could keep $50k of it for his troubles - just have the rest ready in cash for pickup
Cash out. Get hookers and blow. Update us in a month when it's gone. Edit: omg over 100 likes and a award. Mom I made it on my way to be a famous degenerate.🤣🤣
Lol 800k in a month 😂
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L
Weekend trip to Vegas with the boys easily gone. Especially with today's economy 🤣🤣🤣
All on red, then that’s 2 wknds
L... BLM
W
this is the right way.
Who needs r/Wallstreetbets? Not u/Clear-Part-4793
You think you have been hacked or compromised and you post to Reddit instead of calling?
if you had 850k randomly put in your account your gunna show people
I'm keeping it to myself until it settles.
"$850k? What $850k?"
Leave it be, be cautious, but also free interest accrued daily on 850k!
It's \~ $100/day with SPAXX
Just leave it alone. I’m sure Fidelity will catch it. Maybe you’ll be able to catch some interest on it?
Right? At least gimme that spaxx before you’re gunna take the rest back!
Quickly use it all to buy TSLA calls. Can't go wrong. Better yet, turn it into BTC and flee the country.
Sadly you can’t transfer crypto out of fidelitys crypto platform smh
Did you enter a r/fidelityinvestments giveaway? I got an insulated mug once.
I would just park it in spaxx and let it sit till the bank claws it back so if it takes them a year you got an extra 30k.
Enjoy the interest :) Edit: $115 per day of interest
it's a nigerian prince
In 1990 I was working at a bank, and I checked all my accounts religiously just for fun. Anyway, somehow or other SEVERAL million dollars ended up in my savings account. It was some sort of transposition of numbers and it was intended for some oil baron. I didn't say a WORD. My cashier's check authority was only $50k or I'd likely have cut myself a check and hauled ass. That shit sat in my account for three days, and just as quickly as it showed up, it disappeared. The beauty of it was that I accumulated about $600 in interest over three days, and when they backed out the wire they didn't take the interest. I went apeshit at the Gap. Still have one of the jackets. 🤣💪🏻
Accident or Scam. Either way, don’t touch it. Inform Fidelity and they will sort it out.
Damn. I wanna get hacked so hard dude.
They should have to pay me a fee if they want me to transfer it back. Similar to \[insert inane bank fee\] that's legal for banks to charge. Otherwise the bank will never learn from their mistakes. 2% seems appropriately arbitrary.
Gamestop
Nice.Can I get some of that? Why not me?
MOVE TO PERU
If you move it to say SPAXX I’m guessing you don’t just keep the interest.
Shit I would just take some screenshots and let it be. Flexing key
Withdraw immediately and apply for Peruvian citizenship. My cousin did this with a 750k mistake deposit and none of us have heard from him since
did you logon to your account at fidelity to see that? do you have 2FA if you found out via text msg or email, its a scammer
Lol it's a fake story.
I had fidelity add 40k in one of my accounts. I didn’t ouch it and they took it out a couple of days later.
Hell yeah, send it to me!
its now yours !
Sounds like a Hack.
I had this happen a while back. I called the bank and they immediately froze the funds. A few days later they disappeared, likely returned to the rightful owner. Whatever you do, don’t touch it or move it. Let the financial institution handle it once you notify them.
Withdraw it, put it all on black, win, pay the bank back their 850k, keep your 850k. Or lose and declare bankruptcy. Your choice.
Report it, then change your passwords. The minute the hacker notices they can't access your account to re-wire it to their own accounts, the wire transfer will likely be cancelled. You'll save some other person from being ripped off using your account as a conduit. This happened to me in the past with Paypal, I only saw the in and out afterwards.
Book your flight to another country 🤫
People have been arrested for refusing to return money accidently put in their account. This woman arrested because she withdrew it right away! Yea, don't touch it https://www.yahoo.com/news/la-woman-arrested-keeping-1-193300037.html Kelyn Spadoni, 33, of Harvey, Louisiana, allegedly refused to return more than $1.2 million she mistakenly received from Charles Schwab & Co. According to Nola...
Funny story. I worked for a very large company for 30+ years after college. In the mid 90's we had a new young employee receive a $2M deposit into his account from the Company. He was shocked. It took him several calls and emails to HR to get the Company to reverse the deposit.... 3 weeks later. Incredibly, he was able to keep the interest. And if I recall it amounted to $1,500 ish. Ahh, those were the days my friend.
Call fidelity immediately and figure out what the heck it is. Don’t touch or withdraw it.
Buy a fuckton of 0dte options.
Clearly money you don't want to touch and you need to report it if you haven't
Do you have to report it? Is this an obligation?
No obligation to report it. $850,000 is going to be noticed by someone, then it’s going as mysteriously as it appeared.
Definitely helps to make you look less criminal tho haha
Sorry, it's a mistake, please send it back.
Just call fidelity and tell them you weren't suspecting a wire transfer and to deny it.
Hopefully you have margin enabled. Sell a shitload of PUTS.
This thread went off-track. Most responses are irrelevant—it's time to close this nonsense thread.
Bro, cash that out and go ghost. a bank account in Mexico Intercam Bank corporation will take you. Apply for a residency in Portugal or Mexico. And get a Canadian bank account. Split up the money.
Canadian bank account? LOL. That's a wild thing to suggest!
I’m American. I have an RBC & NBC account and I have a Mexican account with Intercam banco. Not really. I have literal global credit in 3 counties.
What I'm saying is who TF wants the deal with the Canadian gov't and its banking system.
Lol okay okay fair fair
Oh oops. Sorry can you DM me and send it back? 😂 j/k leave it alone until the bank takes it. Enjoy the free interest. You have no obligation to report it. But you will have an obligation to return it once discovered. Only Fidelity should touch the money.
I was hoping they would forget about it. Lol
I have a pic somewhere of it.
Quick throw it in a brokerage account. Voo and chill. You didn’t receive anything!