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

On By Karl

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

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

schema concentrates on Depositing a fake check into an ATM.

When a fraudulent check is deposited, customers withdraw the money automatically transferred to the account, knowing that the check will later bounce and the money will be lost.

Court documents show a Houston man was among the clients Chase sued. The man deposited $335,000 in fraudulent checks into the account of one of his accomplices, according to the bank’s complaint.

After the fake money was deposited, the man allegedly withdrew a total of $290,939. reports CNBC.

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

After the check was deposited, the Defendant began withdrawing the majority of the ill-gotten funds.

Chase did not say how much money in total was lost in the scheme, but the lender is investigating “thousands” of possible cases.

The bank filed other lawsuits in Miami and California, saying customers received between $80,000 and $141,000. However, most of the cases investigated are believed to be in much smaller quantities.

Chase said its security team will reach out to customers first and take legal action if illegal withdrawals are not refunded.

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