Oversea brokerage deposit wrong amount

[davidtanwei]

My friend yesterday told me he join a brokerage fund 3 month ago. He requested to withdraw his balance amount as he got a margin call. Somehow, the brokerage email him and said they deposit wrong amount to his credit card. When he check transaction, there wasn't any. He even email them to please make sure his balance amount is transfer to credit card. They even apologized and will make sure to credit back. However, yesterday when coffee session. He said due to delay, he saw his credit card got extra 5k USD. He say he going to act blur because he not going to use that broker for trading in future. We told him later sue by the broker. My other friend say broker handling millions. They may just forget it as it's their mistake. Say my friend lucky. What would you guy do?

 

[tangent314]

The broker will typically ask "nicely" for the money back before suing. As long as he is prepared to return the money back if they ask, he should be fine. If he is unwilling or unable to return the money, not only can be get sued but he will be criminally charged for it and many people have gone to jail for such things before, just google it. Keep the credit limit of the card above $5k to facilitate the return. Don't even think of closing the credit card to take out the money.

 

[CrashWire]

https://www.channelnewsasia.com/sin...rn-money-transferred-bank-account-jail-880541
There's a few other cases similar to this.

 

[ah_cheng1882]

My friend yesterday told me he join a brokerage fund 3 month ago. He requested to withdraw his balance amount as he got a margin call. Somehow, the brokerage email him and said they deposit wrong amount to his credit card. When he check transaction, there wasn't any. He even email them to please make sure his balance amount is transfer to credit card. They even apologized and will make sure to credit back. However, yesterday when coffee session. He said due to delay, he saw his credit card got extra 5k USD. He say he going to act blur because he not going to use that broker for trading in future. We told him later sue by the broker. My other friend say broker handling millions. They may just forget it as it's their mistake. Say my friend lucky. What would you guy do?

Do the right thing…

 

[reddevil0728]

My friend yesterday told me he join a brokerage fund 3 month ago. He requested to withdraw his balance amount as he got a margin call. Somehow, the brokerage email him and said they deposit wrong amount to his credit card. When he check transaction, there wasn't any. He even email them to please make sure his balance amount is transfer to credit card. They even apologized and will make sure to credit back. However, yesterday when coffee session. He said due to delay, he saw his credit card got extra 5k USD. He say he going to act blur because he not going to use that broker for trading in future. We told him later sue by the broker. My other friend say broker handling millions. They may just forget it as it's their mistake. Say my friend lucky. What would you guy do?

U just outed your friend in a public forum. Guess your friend has no choice now.

 

[davidtanwei]

I think he joking only..I surf internet and yes it is criminal charged. He sure also got surf for such information.

 

[reddevil0728]

I think he joking only..I surf internet and yes it is criminal charged. He sure also got surf for such information.

now trying to cover up ah

 

[a4973]

In before friend = TS.

 

[Thoreldan]

which brokerage is it?

 

[Auzz18]

My friend yesterday told me he join a brokerage fund 3 month ago. He requested to withdraw his balance amount as he got a margin call. Somehow, the brokerage email him and said they deposit wrong amount to his credit card. When he check transaction, there wasn't any. He even email them to please make sure his balance amount is transfer to credit card. They even apologized and will make sure to credit back. However, yesterday when coffee session. He said due to delay, he saw his credit card got extra 5k USD. He say he going to act blur because he not going to use that broker for trading in future. We told him later sue by the broker. My other friend say broker handling millions. They may just forget it as it's their mistake. Say my friend lucky. What would you guy do?

Greedy and dishonest. This type of people should himself get cheated.

 

[reddevil0728]

Greedy and dishonest. This type of people should himself get cheated.

And end up going to jail also