Bird Freak wrote:
ScottG wrote:
rgatijnet1 wrote:
I would like to hear the details about how a legitimate wire transfer was reversed. That goes against what every bank manager in every bank has ever said.
Unfortunately, I can't give many details over the interweb but it was an instance of fraud and we found out just how it can be reversed. It was actually a day later that we found out the transfer was succesfully stopped in its tracks.
My bank told me a wire transfer can be stopped before the funds are put in my account but once the funds are posted in my account it cannot be reversed.
It's our understanding that the funds were indeed deposited into the thiefs acct but the bank was able to reverse it within a certain amount of time - maybe before the could take the money back out of that account. It may be that the conditions of the whole transaction were so questonable that the two banks worked together. I don't know how the mechanics actually worked.