Reported 29 days ago
JPMorgan Chase has initiated lawsuits against several customers for check fraud after a technical glitch allowed them to withdraw funds from deposited checks before they cleared. The bank claims these individuals improperly retained over $661,000 after depositing counterfeit checks that later bounced. The lawsuits, filed in federal courts across Los Angeles, Houston, and Miami, seek to recover these funds and emphasize the bank's commitment to combating fraud and ensuring accountability.
Source: YAHOO