I have no idea how this works. A friend of mine sold property for around 1.4 million. There was an error on the buyers side with entering my friends information, and he was contacted by the treasury to sort it out. The person who's social the buyer entered was deceased. He gave them information to sort it out. There was a penny test into his account. How long does it usually take for the Treasury to release money? Is therr a possibility my friend was scammed?

SCAM ALERT! Treasury has no involvement in holding funds for bungled real estate transfer transactions.

yes, your friend is 100% being scammed. have them notify their bank and close their account ASAP, especially if the small value item has already cleared his account.

OP here. How would this process actually work? He sold it to a a bank president in Georgia, and the manager needed to get investorrs together. He lives in Idaho. There was a lien on the property he paid off. What's the process for a transfer look like?

If he does not have his own attorney and a title company involved representing him, then the whole thing is probably a sham.

I hope your friend has closed their account, now that the "Treasury" has their banking information. A penny in, $10k out.