International Wire from my broker to another broker lost after 3 months.

3 views 1 answers
I initiated a bank wire transfer from one of my US brokers, they use Citibank and the intermediary bank JP Morgan chase to make an international wire transfer. The destination is Scotiabank in Bahamas. After 3 months of trying to resolve this, my broker is telling me that the wire has left Chase bank and Scotiabank is saying that they never received it. Can I sue my broker for not getting the wire through? Or what legal action can I pursue? This is a considerable amount of money and it has been a 3 month nightmare.

Attorney Answer

1
Jonathan Levy ·
You need to hire legal counsel now. to get to the bottom of this. Wires do not usually go missing in my experience regardless where they were sent. If the wire did not go through as some times happens, it would have returned to your account. If it did not, someone likely converted your funds either on the sending or receiving end.
0 upvotes