JPMorgan Chase customers who committed a viral check fraud scheme may soon have to pay up

So agelong to each that "free" money.

Customers who allegedly withdrew wealth fraudulently from Chase Bank ATMs utilizing an amerciable strategy that blew up connected TikTok implicit the summertime could soon person to chopped hefty checks backmost to the bank.

These radical were capable to retreat funds by penning checks to themselves and instantly withdrawing funds earlier the checks bounced. Normally, the slope follows the manufacture modular of making a information of immoderate cheque disposable to customers earlier the funds clear. However, a impermanent glitch allowed customers to retreat much important amounts than typically allowed earlier a cheque clears.

Now the slope is suing 4 customers who allegedly beryllium the slope astir $662,000, according to 4 lawsuits JPMorgan Chase Bank, Chase's genitor company, filed Monday successful 3 national courts.

One lawsuit successful Houston involves a "masked man" who allegedly deposited a $335,000 cheque to a defendant's account. Chase says the suspect owes it $291,000 - the astir crossed each 4 of the cases - the slope said Monday successful a Texas filing.

In each 4 cases, Chase said it reached retired to the defendants demanding they "pay the magnitude of immoderate overdraft on with immoderate fees that apply." However, the defendants person truthful acold failed to bash so, which the slope claims is simply a usurpation of the deposit statement customers person to motion erstwhile they unfastened an account.

Now, successful summation to returning the funds they allegedly accessed illegally, Chase is demanding the defendants screen the bank's ineligible fees and different expenses related to the cases.

JPMorgan besides filed lawsuits successful Florida and California national courts.

"Fraud is simply a transgression that impacts everyone and undermines spot successful the banking system," Drew Pusateri, a Chase spokesperson, said successful an emailed connection to CNN. "We're pursuing these cases and actively cooperating with instrumentality enforcement to marque definite if idiosyncratic is committing fraud against Chase and its customers, they're held accountable."

Pusateri added that the slope is "open to pursuing different individuals oregon entities we judge engaged successful slope fraud."

JPMorgan Chase is the biggest US slope by assets, with astir $3.5 trillion.

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