[ by Melanie Gretchen ] Boies, Schiller & Flexner has reported more than $495,000 in missing funds from an account belonging the law firm, according to a lawsuit filed in federal court in Manhattan.  Filed by Wells Fargo earlier this month, the suit seeks indemnity from JPMorgan Chase & Co., which, since the fraud was discovered, has refused to reimburse the amount lost. Following the Money. Between 1/25/11 and 1/28/11, 5 transactions successfully transferred the funds to the JPMorgan account of InstaPayPlan LLC, a Utah-based company focused on allowing bank-to-bank transactions between jewelry sellers and buyers.  Mike Robertson, the founder of InstaPayPlan, said that he was contacted at the time by a person who identified himself as Devrin Anderson, who claimed to be a lawyer with Boies Schiller. The Fraud. Mr. Robertson said the purported lawyer, who is named in the suit, said that Boies Schiller was assisting in liquidating a client's jewelry estate and needed assistance transferring the funds.  To this end, Anderson had bank account numbers for Boies Schiller, which Mr. Robertson was able to verify. However, Devrin Anderson is not an employee at Boies Schilles, which Mr. Robertson would not have been able to confirm.  In addition, though the agreement had Boies Schiller's account number, it did not have other required information and was signed by a person who did not work at the law firm, according to the lawsuit. Getting the Numbers Straight. Boies Schiller notified Wells Fargo on 2/1/11 that it did not authorize the 5 transactions, prompting Wells Fargo to cancel a 6th transfer, for $110,045, which was currently being processed.  In addition, JPMorgan granted Wells Fargo's request that it provide a copy of a purported electronic funds transfer agreement between InstaPayPlan and "Anderson Consulting-Boies Schiller," the lawsuit said. The case: Wells Fargo Bank, NA v. JPMorgan Chase Bank, NA, U.S. District Court for the Southern District of New York, No. 12-cv-5172. For further details, go to [Reuters, 7/3/12].