$200K Transfer Goes Awry After One Dropped Digit: Lawsuit

Shortly after this, two $100,000 transfers moved from Acevedo’s Fidelity account to his Wells Fargo account, the complaint alleges.

Ishimatsu never intended to deposit the money into Acevedo’s account, the complaint states.

“As such, Defendant Acevedo knew or should have known that the $200,000 deposited into his account was in error when received in his Fidelity Investments account on or around June 5, 2024, and never should have withdrawn the money knowing that it was not intended to be transferred to him,” it contends.

Since the withdrawals to Wells Fargo, Acevedo continues to make those funds unavailable to Ishimatsu, LPL or Fidelity, making it impossible to reverse the erroneous transaction, the lawsuit contends.

The lawsuit accuses Acevedo of unjust enrichment and converting the funds to his own use.

Ishimatsu’s attorney didn’t immediately respond to an email seeking comment. Efforts to reach Acevedo for comment weren’t immediately successful.