Reported 1 day ago
JP Morgan Chase is pursuing legal action against customers accused of exploiting an 'infinite money glitch' that allowed them to withdraw nonexistent funds from their accounts. This fraudulent scheme involved depositing fake checks and quickly withdrawing money before the checks bounced. The bank has filed new lawsuits in multiple states and is urging over 1,000 customers to repay amounts under $75,000. The case serves as a cautionary tale about the risks of social media-fueled financial hacks.
Source: YAHOO