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Fake check deposits are a common form of check fraud and are not new, although the chaos of this weekend saw many online discover the tactic for the first time — and mistaking it for a money hack.
Yesterday, a glitch in Chase Bank's system allowed people to withdraw funds they weren’t entitled to, prompting the bank to place 7-day holds on the affected accounts.
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 ...
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 ...
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.
Chase said in a statement to CNN that the issue has “been addressed” and warned people not to try it. JPMorgan, the bank’s parent company, is carefully reviewing the situation, a person ...
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