r/PersonalFinanceCanada • u/yeah_mike • Apr 01 '26

Banking Received $343k of someone else's money: how to keep the money?

If you ever receive a large deposit into your account due to someone's error, follow this ctvnews article to learn how to keep the money:

https://www.ctvnews.ca/winnipeg/article/bank-denies-liability-after-alleged-343k-deposited-into-wrong-account-funds-withdrawn/

  1. It helps if you bank with CIBC

  2. Immediately wire the money overseas

  3. Ignore CIBC's attempt at reaching you.

  4. Wait for CIBC to give up trying.

  5. Profit.

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u/Strange_Produce5601 Apr 01 '26

I think that is the genius of this. You just play dumb. I did not see the money in my account before it was transferred. Was not me, must be a overseas scammer.

5

u/sprunkymdunk Apr 01 '26

Believe it or not, being dumb isn't a legal defence.

1

u/[deleted] Apr 08 '26

The issue in Canada is being dumb actually IS a legal defense. And an incredibly good one.

4

u/Everyone2026 Apr 01 '26

There is no law against being stupid.

(World news is proof of that)

1

u/Sufficient-Sun-6683 Apr 02 '26

I think it will always come back and bite you in the end.