Almost $12K U.S. goes missing in cyberspace when wire transfer gets lost

Wiring funds using your bank is usually a safe thing to do and most transactions happen without any problems, but sometimes a wire transfer can be rejected or go missing and getting your money back is not always easy.

Wiring funds using your bank is usually a safe thing to do and most transactions happen without any problems, but sometimes a wire transfer can be rejected or go missing and getting your money back is not always easy.

“I still haven't got my money returned to may account and I don’t know why,” said Adam Skoczylas, of Mississauga.

Skoczylas has a business helping people buy vehicles through online auctions.

"I make wires for vehicles that are purchased at auction in the United States for clients outside of North America,” said Skoczylas.

Skoczylas had a client in Poland who wanted to buy a car through an auction website and Skoczylas helped broker the deal.

His client sent him $11,800 U.S., and Skoczylas used the Bank of Montreal to wire the funds to Wells Fargo, a bank in the U.S., but the money never showed up.