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Bank Reverses $3.1 Million Bond Credit Error After Argentine Retiree Reports It

His prompt report led the bank to reverse the entry, with oversight questions likely to follow.

Overview

  • Eduardo David Capelli, a retired Argentine Air Force officer, found more than $3.1 million in Argentine government bonds erroneously credited to his account.
  • He discovered the anomaly Monday night and contacted his bank early Tuesday with screenshots, after which the institution opened a case and removed the balance within hours.
  • Media reports describe the windfall as a mistaken credit of government bond holdings rather than cash, with the bank confirming it was an error.
  • Capelli said he acted quickly to avoid tax and compliance issues and expects to explain the movements to the securities agent ARCA and the financial intelligence unit UIF.
  • No legal charges have been reported, and the technical cause of the erroneous transfer has not been disclosed.