Skip to main content

JPMorgan Chase starts suing customers who allegedly stole funds in ATM glitch scam that went viral

Markets,Banking and Finance

From the Right

JPMorgan Chase filed four lawsuits in federal courts on Monday against customers who allegedly stole tens of thousands of dollars from the bank in an "unlimited money" stunt after a vulnerability in its ATM system was exposed and went viral over the summer. Videos circulating on before Labor Day exposing a glitch in the bank's system would allow customers some easy money, but in reality, it was fraud. Several accounts on touted the scheme that instructed Chase account holders to write themselves a large check (often in the tens of...

AllSides Picks

More News about Banking and Finance

News from the Left

News from the Center

News from the Right