Chase begins suing customers who allegedly stole money in ATM 'glitch' scam that went viral

JPMorgan Chase filed four lawsuits in federal courts Monday against customers who allegedly stole tens of thousands of dollars from the bank in an “unlimited money” scam after a security flaw in its ATM system was revealed and spread widely over the summer. .

Videos circulated on Social media Before Labor Day, the revelation of a flaw in the bank's system offered customers some easy money, but it was actually a scam.

Several accounts on TikTok and other platforms He promoted the scheme that required Chase account holders to write themselves a large check (often for tens of thousands of dollars), deposit it using a mobile device and then rush to an ATM and withdraw the money before the check cleared.

Some of the videos allegedly showed individuals celebrating their sudden fortunes, and others showed the aftermath of people who allegedly found their accounts frozen with massive negative balances.

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Now Chase is suing to recover the money.

(Tim Clayton/Corbis via Getty Images)

In one complaint filed in the Southern District of Texas, Chase alleges that a masked man deposited a check for $335,000 into the defendant's ATM account on August 24, and once it was deposited, the account holder began withdrawing the vast majority of the funds. . The check was then returned as fraudulent, leaving behind a “significant negative balance.” Chase says the defendant still owes the bank $290,939.47.

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A second case was filed in the Central District of California against a defendant who allegedly owed Chase $90,794.02 after depositing two separate checks in late August for more than $50,000 each and then withdrawing a significant portion of the funds before they bounced.

(Gary Hirschorn/Getty Images)

The other two cases were filed in the Southern District of Florida against separate companies that allegedly participated in the scheme and owe Chase about $140,000 each.

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“Fraud is a crime that affects everyone and undermines confidence in the banking system,” Chase spokesman Drew Pusateri told FOX Business in a statement. “We are pursuing these cases and actively cooperating with law enforcement to ensure that if someone commits fraud against Chase and its customers, they are held accountable.”