I think most likely is that the fraud team flagged the account and deactivated it, and there's no process internally to stop that so SVP guy couldn't do anything.
Sort of like the Google account issue where employees can't internally appeal to stop account suspensions.
I don't want to sound like a narc, but it seems like a really good idea to have some degree of oversight and safeguards on financial transactions of that magnitude.
I always get really nervous every time I see the words "homemade" and "laser" in the same sentence.
I had to take a laser safety workshop in college and the stories of accidental blindings still haunt me. Those were from people who worked with lasers for a living, so god knows what people messing around with them in their garage can do.