or TikTok trend is turning into big legal trouble for some Chase bank customers.
The trend, which claimed people could get “free money” from Chase Bank ATMs through an “infinite money glitch,” was really just plain old. check the cheat. However, it went viral in early September after a post in X led to rows forming at Chase Banks across the country.
on monday, CNBC reported that JPMorgan Chase is suing customers who took advantage of a technical glitch that allowed them to withdraw large sums of money before the check bounced. Traditionally, banks make a small amount of funds available for withdrawal before the check is cleared.
Related: Chase Bank's viral 'glitch' is just plain old bank fraud, the company says
“Fraud is a crime that affects everyone and undermines trust in the banking system,” JPMorgan spokesman Drew Pusateri told CNBC in a statement. “We are pursuing these cases and actively cooperating with law enforcement to ensure that anyone committing fraud against Chase and its customers is held accountable.”
The lawsuits were filed in three federal courts, with a man in Houston, Texas, said to owe the bank almost $291,000 “after an unidentified associate deposited a forged $335,000 check at an ATM,” according to the filing.
“On August 29, 2024, a masked man deposited a check into the defendant's Chase bank account in the amount of $335,000,” the bank said in the Texas filing, per CNBC. “After depositing the check, the defendant began withdrawing the vast majority of the illegally obtained funds.”
JPMorgan also filed lawsuits Monday in Miami and the Central District of California, with amounts owed ranging from $80,000 to $141,000. for quartz.
Cases with much smaller amounts are also being investigated. JPMorgan says the company is prioritizing cases that look like they might be “related to organized crime” and those with large dollar amounts, but will soon move to lower-dollar cases.