Charles Schwab changing receiver account

Submitted by Dr_One69 t3_127w3lh in wallstreetbets

Im from outside US. I have this friend, who I gave 5k USD two years ago hopping he would return big bucks on investment. He has his bank account blocked and says he cant wire the money from US to outside, since the broker requires to verify that the money reciever is him and not someone else, and since the account is blocked this cant happen. He uses Charles Schwab. Could he change the account receiver and send to someone elses account?. Could this second account be a US based account from another person instead?

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VisualMod t1_jeg2ctl wrote

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VisualMod t1_jeg2dfh wrote

>No, he cannot change the account receiver and send to someone else's account. The broker requires that the money be sent to the original recipient in order to verify their identity.

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imunfair t1_jegellh wrote

Sounds like bullshit, the whole point of a wire transfer is to send money to other people.

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RtardedAPE t1_jegqdg5 wrote

I would just use Bitcoin, but sounds like OP got scammed.

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HomosapianDaGreekGod t1_jegr8rq wrote

sounds like ur money is gone and u didnt even get to buy puts . better luck next time brooo…. shiiiii…. 🥲

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Dr_One69 OP t1_jegtp9d wrote

Replying to VisualMod (#2,545,557)

But, could it be possible for the account owner to change the destination to another account with his name on it on another bank?. Or does it has to be sent to the origin account always?

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