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The Chase viral trend got promptly shut down by the bank, but this will not be the last time you hear about a check fraud scheme. Banks reported about 680,000 instances of check fraud in 2022 ...
The trend involved people taking advantage of a glitch in JPMorgan Chase ATMs that allowed users to deposit a check - without the available funds - and immediately have access to the money listed ...
The Chase Bank trend is just the latest “get rich quick scheme,” a centuries-old concept that has been resuscitated by social media, drawing desperate people into financial crime.
Now the bank is suing four customers who allegedly owe the bank nearly $662,000, according to four lawsuits JPMorgan Chase Bank, Chase’s parent company, filed Monday in three federal courts.
New chase viral money glitch: Get personal account details. Deposit fake check. Balance goes up +$30,000 Set up emergency withdrawal for -$28,000 cash.
On Aug. 31, another X user posted a video showing what he alleged were Chase customers lining up to use an ATM at one of the bank's New York locations "to do the new viral glitch to get free money."
The "glitch" allowed customers to deposit large checks in ATMs and then quickly withdraw the funds before they could clear or bounce Chase Customers, Including 'Masked Man,' Accused of Using Viral ...
Members of the credit union have fee-free access to more than 40,000 ATMs in the U.S., some of which accept cash deposits. SoFi Like Axos Bank, SoFi allows its customers to deposit cash at retail ...
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