{"id":119623,"date":"2024-10-29T08:52:45","date_gmt":"2024-10-29T01:52:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=119623"},"modified":"2024-10-29T08:52:45","modified_gmt":"2024-10-29T01:52:45","slug":"jpmorgan-sues-customers-for-check-fraud-after-exploiting-viral-atm-glitch","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=119623","title":{"rendered":"JPMorgan sues customers for check fraud after exploiting viral ATM glitch"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>JPMorgan Chase launched a string of lawsuits on Monday against customers the company accused of  exploiting a technical <a href=\"https:\/\/nypost.com\/2024\/09\/01\/us-news\/tiktok-chase-bank-glitch-shows-people-trying-to-exploit-atms\/\">glitch that went viral on TikTok<\/a> to yank out thousands of dollars.<\/p>\n<p>The glitch in late August let customers deposit big checks in ATMs and withdraw funds immediately before the checks could clear, even if the checks later bounced.<\/p>\n<p>The nation\u2019s largest lender filed complaints in Houston, Miami and two in Los Angeles accusing two individuals and two businesses of illegally hanging on to more than $661,000.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><button class=\"button button--modal-trigger\" aria-label=\"Open the image in a modal.\" data-modal-image=\"33717483\"><br \/>\n\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-plus\" fill=\"#fff\" viewbox=\"0 0 1033 1000\" width=\"1em\" height=\"1em\"><path d=\"M380 364V0h273v355h380v290H653v355H380V645H0V355h380v9z\"\/><\/svg><br \/>\n<\/button><br \/>\n<img style=\"aspect-ratio:0.85593220338983;display:block\" decoding=\"async\" fetchpriority=\"high\" data-modal-image=\"33717483\" width=\"505\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?w=876\" alt=\"Customers line up at a Chasebank\" class=\"wp-image-33717483\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?quality=75&amp;strip=all 1064w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=257,300&amp;quality=75&amp;strip=all 257w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=768,898&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=876,1024&amp;quality=75&amp;strip=all 876w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=504,589&amp;quality=75&amp;strip=all 504w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=424,496&amp;quality=75&amp;strip=all 424w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=551,644&amp;quality=75&amp;strip=all 551w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=420,491&amp;quality=75&amp;strip=all 420w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=241,282&amp;quality=75&amp;strip=all 241w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=176,206&amp;quality=75&amp;strip=all 176w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=61,71&amp;quality=75&amp;strip=all 61w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=60,70&amp;quality=75&amp;strip=all 60w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=171,200&amp;quality=75&amp;strip=all 171w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=231,270&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=322,376&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=300,351&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=377,441&amp;quality=75&amp;strip=all 377w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=51,60&amp;quality=75&amp;strip=all 51w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=50,58&amp;quality=75&amp;strip=all 50w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=133,156&amp;quality=75&amp;strip=all 133w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=150,175&amp;quality=75&amp;strip=all 150w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/new-tiktok-viral-chase-bank-88729464.jpg?resize=43,50&amp;quality=75&amp;strip=all 43w\" sizes=\"(max-width: 876px) 100vw, 876px\"\/><figcaption>The glitch in late August let customers deposit big checks in ATMs and withdraw funds immediately before the checks could clear, even if the checks later bounced. <span class=\"credit\">X<\/span><\/figcaption><\/figure>\n<p>In the largest case, JPMorgan said a Houston man still owes $290,939.47 after withdrawing over two days most of a $335,000 check that a masked man deposited in his account on Aug. 29. The bank said the check was rejected on Sept. 4.<\/p>\n<p>The defendants did not answer, did not accept, or could not immediately be reached with messages seeking comment on Monday. <\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>The civil lawsuits do not exclude or end the possibility of any criminal charges.<\/p>\n<p>All four lawsuits accuse the defendants of violating their deposit agreements, and seek the return of improperly withdrawn funds plus other costs.<\/p>\n<p>JPMorgan, based in New York, said it is pursuing the cases and cooperating with law enforcement to ensure that people are held accountable.<\/p>\n<p>\u201cFraud is a crime that impacts everyone and undermines trust in the banking system,\u201d JPMorgan spokesman Drew Pusateri said in a statement.<\/p>\n<p>Check fraud is a federal crime. Many banks including JPMorgan let customers access some of the value of their checks until the checks clear.<\/p>\n<p>Last month, the Wall Street Journal reported that the bank was investigating thousands of possible check fraud incidents.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><button class=\"button button--modal-trigger\" aria-label=\"Open the image in a modal.\" data-modal-image=\"33717489\"><br \/>\n\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-plus\" fill=\"#fff\" viewbox=\"0 0 1033 1000\" width=\"1em\" height=\"1em\"><path d=\"M380 364V0h273v355h380v290H653v355H380V645H0V355h380v9z\"\/><\/svg><br \/>\n<\/button><br \/>\n<img style=\"aspect-ratio:1.6593220338983;display:block\" decoding=\"async\" loading=\"lazy\" data-modal-image=\"33717489\" width=\"979\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?w=1024\" alt=\"Chase logo\" class=\"wp-image-33717489\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?quality=75&amp;strip=all 4985w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=300,181&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=768,463&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=1024,617&amp;quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=1536,926&amp;quality=75&amp;strip=all 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=2048,1234&amp;quality=75&amp;strip=all 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=878,529&amp;quality=75&amp;strip=all 878w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=744,448&amp;quality=75&amp;strip=all 744w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=576,347&amp;quality=75&amp;strip=all 576w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=440,265&amp;quality=75&amp;strip=all 440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=424,256&amp;quality=75&amp;strip=all 424w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=180,108&amp;quality=75&amp;strip=all 180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=107,64&amp;quality=75&amp;strip=all 107w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=116,70&amp;quality=75&amp;strip=all 116w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=200,121&amp;quality=75&amp;strip=all 200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=231,139&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=322,194&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=664,400&amp;quality=75&amp;strip=all 664w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=100,60&amp;quality=75&amp;strip=all 100w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=87,52&amp;quality=75&amp;strip=all 87w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=234,141&amp;quality=75&amp;strip=all 234w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=150,90&amp;quality=75&amp;strip=all 150w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2024\/10\/chase-us-bank-logos-seen-89953967.jpg?resize=50,30&amp;quality=75&amp;strip=all 50w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Chase filed four lawsuits on Monday in federal courts in Los Angeles, Houston and Miami. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Paper checks are no longer accepted in most European countries. For example, the UK and the Netherlands scrapped them two decades ago.<\/p>\n<p>Yet they remain a popular form of payment in the United States, despite the increased use of digital technology such as ApplePay.<\/p>\n<p>Checks resulted in $26.6 billion in losses globally last year, according to Nasdaq\u2019s Global Financial Crime Report.<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/nypost.com\/2024\/10\/28\/business\/jpmorgan-sues-customers-for-check-fraud-after-exploiting-viral-atm-glitch\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase launched a string of lawsuits on Monday against customers the company accused of exploiting a technical glitch that went viral on TikTok to yank out thousands of dollars. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=119623\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-119623","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119623"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119623\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}