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Surprise! For a few minutes on November 29th, I was a millionaire.

By Andrew Pollack on 12/08/2005 at 10:25 PM EST

It didn't last, but my Fidelity statement for November showed a bank wire transfer to my SEP IRA (Self Employed Tax Deferred Retirement fund for those of you outside the US) for exactly $1,000,000 US. I called of course, and asked the rep to whom I should send a thank-you note. In the end, we found an error had been made and within minutes the transfer had been reversed. I've asked them for a formal letter explaining the details of the mistake so that I can put it on file for when the IRS or the Homeland Security (aka Fatherland Security) people knock on the door. When sums like that are transferred, flags are raised in lots of interesting places.

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My own thoughts on this are...By Danny Lawrence on 12/13/2005 at 10:29 AM EST
Good thinking to ask for the formal letter from Fidelity, by the time the
Department of Homeboy Security gets around to asking you the people at Fidelity
will probably have forgotten the error.

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