JPMorgan Chase Sues Customer Who Allegedly Withdrew $290,939 From Bank Using Illegal ATM ‘Glitch’: Report

JPMorgan Chase is now taking legal action against customers who withdrew money from the bank’s ATMs using an illegal “banking error.”

The bank is suing people who allegedly withdrew thousands of dollars from banks’ ATMs last summer using a check fraud scheme that went viral.

The schedule is central depositing a counterfeit check in an ATM.

Once a counterfeit check is deposited, customers withdraw money that is automatically credited to the account, knowing that the check will later bounce and the money will disappear.

Court documents show a Houston man is among the customers being sued by Chase. According to the bank’s complaint, the man had an accomplice deposit a counterfeit check for $335,000 into his account.

After the fraudulent deposit was made, the man allegedly withdrew a total of $290,939. reports CNBC.

“On August 29, 2024, a masked man deposited a check in the defendant’s Chase bank account for $335,000.

After the check was deposited, defendant began withdrawing the vast majority of the ill-gotten funds.”

Chase has not said how much money in total was lost in the scheme, although the lender is investigating “thousands” of possible cases.

The bank has filed other lawsuits in Miami and California, claiming customers took between $80,000 and $141,000. However, it is believed that most of the cases investigated involve significantly smaller amounts.

Chase says its security team will first contact customers and take legal action if the illegal recordings are not refunded.

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