Schwab sues former client after accidental transfer of $1.2 million Reuters 2 hrs ago
NEW YORK (Reuters) - Charles Schwab Corp is suing one of its former customers after the retail brokerage allegedly sent more than $1.2 million to an account of the Louisiana woman and then could not get the money back.
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Schwab meant to send $82.56 to Kelyn Spadoni s Fidelity Brokerage Services account in February, but a computer glitch caused it to erroneously transfer more than $1.2 million, according to the lawsuit.
Schwab tried to get the money back, but repeated calls and texts to Spadoni, who lives in a suburb of New Orleans, were not returned, the brokerage said in the lawsuit.
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