$343K vanishes after misdirected transfer: CIBC and “John Doe” sued in Manitoba
Latest news on WhatsApp أجدد الأخبار على واتسابManitoba law firm Taylor McCaffrey LLP, alongside the Law Society of Manitoba, has filed a lawsuit against CIBC and an unidentified individual referred to as “John Doe”, alleging C$343,335 was mistakenly transferred to the wrong account and then fully withdrawn during a home-purchase financing process.
According to the statement of claim filed in the Manitoba Court of King’s Bench, the funds were requisitioned on July 31, 2024 to be deposited into the firm’s trust account at CIBC’s 1 Lombard Place location. The claim alleges an incorrect transit number on the form routed the money to John Doe’s account instead.
The lawsuit says CIBC informed the firm in November 2024 that the funds had been fully depleted and were not recoverable, and alleges the bank has refused to disclose John Doe’s identity despite repeated requests.
The plaintiffs allege CIBC failed to properly verify deposit information and did not take sufficient steps to recover the misdirected funds. They also allege John Doe knew or should have known the money was deposited in error and withdrew it to keep it out of the rightful owners’ reach.
The suit seeks recovery of C$343,335, plus interest and costs, and asks the court to compel CIBC to disclose John Doe’s identity and contact details. The underlying real-estate transaction reportedly proceeded in summer 2024 after replacement funds were provided.
CIBC has not publicly responded to the allegations and declined comment, citing ongoing litigation.
