My bank called and said they have contacted the receiving bank and they are doing their own investigation - as for returning the funds to me, they say they wont because I authorized the transaction.  However, they mentioned there is possibility to get the funds back with the other banks cooperation. (Jason Sheas bank)

I hope to hell that other bank has locked the shit out of his account now that CIBC and RBC have called his bank.

Good News: Jay Sheas bank is investigating him - likely his account is froze.
Bad News: My never see the money again from RBC and may have to take this legal route to see money back - which I will do. Dont worry.