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How much do you know about financial independence?

Feb. 20, 2024, 1:10 p.m.
Posts: 18790
Joined: Oct. 28, 2003

https://www.cbc.ca/news/canada/manitoba/wire-transfer-fraud-peter-squire-winnipeg-1.7116347

zoinks.  Be aware, then hang up.

Squire made two wire transfers in November 2022 from his Access Credit Union account in Winnipeg, thinking the money would go into an RBC bank account in Ontario, in the name of a company called B21 Trade (Canada) Ltd.

The first transfer was $175,000 and the second one a few days later was $473,290.08, for a total of more than $648,000.

Squire, who said he'd never done a wire transfer before, thinks the money went from his Access Credit Union account in Winnipeg to the RBC business account in Toronto, and then to a Citibank account in Hong Kong.

It was an RBC employee who informed him he'd likely been defrauded.

Feb. 20, 2024, 2:15 p.m.
Posts: 14924
Joined: Feb. 19, 2003

Posted by: heckler

https://www.cbc.ca/news/canada/manitoba/wire-transfer-fraud-peter-squire-winnipeg-1.7116347

zoinks.  Be aware, then hang up.

Squire made two wire transfers in November 2022 from his Access Credit Union account in Winnipeg, thinking the money would go into an RBC bank account in Ontario, in the name of a company called B21 Trade (Canada) Ltd.

The first transfer was $175,000 and the second one a few days later was $473,290.08, for a total of more than $648,000.

Squire, who said he'd never done a wire transfer before, thinks the money went from his Access Credit Union account in Winnipeg to the RBC business account in Toronto, and then to a Citibank account in Hong Kong.

It was an RBC employee who informed him he'd likely been defrauded.

That's a sad story.

I don't understand moving that kind of money by wire without going physically to the branch, and without sending a trial amount first.  If I set up a new credit card, I send a 5 dollar payment over just to double check my own work in setting up the providers.  Let alone moving 700K.

Feb. 20, 2024, 3:37 p.m.
Posts: 833
Joined: June 17, 2016

So he got an unexpected call from someone identifying themselves as a BMO investment advisor who asked him to wire $600K to an RBC account in the name of a company called B21 Trade. No red flags at all.

Still, sad story indeed. I hope he gets his money back but I'm afraid the chance is very small.

Feb. 20, 2024, 4:08 p.m.
Posts: 15974
Joined: Nov. 20, 2002

When my mom died I got 20K out of a bank I don't bank at with no ID cuz i forgot it, but in a small town so she new who I was

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