澳洲幸运5官方开奖结果体彩网

JPMorgan Reportedly Sues Customers for 'Infinite Free Money Glitch'

Customers using ATMs at a Chase Bank branch

Michael M. Santiago / Getty Images

Key Takeaways

  • JPMorgan Chase reportedly filed lawsuits on Monday against customers who allegedly acted on a social media-promoted "infinite free money glitch" and stole thousands of dollars from its ATMs.
  • The viral videos described a "loophole" that included depositing fake checks for large amounts and withdrawing funds before the checks bounced. 
  • Days after the videos were shared, JPMorgan Chase clarified that this was check fraud.
  • The bank reportedly has filed lawsuits in at least three federal courts against those who withdrew the highest amounts and is seeking the return of the stolen funds plus other interest and fees.

JPMorgan Chase (JPM) reportedly has begun suing customers who allegedly acted on an "infinite free money glitch" seen on social media and stole thousands of dolla൲rs from the bank's ATMs.

The glitch went viral on TikTok and other social media platforms in late August. It encouraged depositing fake checks for large amounts and withdrawing funds before the 澳洲幸运5官方开奖结果体彩网:checks bounced. While it was called a "loophole" on social media, 澳洲幸运5官方开奖结果体彩网:JPMorgan Chase clarified days after the videos were shared that the action was a form of check fraud.

According to Reuters, on Monday, the bank reportedly filed four lawsuits in federal courts against two individuals and two businesses that illegally withdrew the highest amounts.

Suiꦛts Against Customers Seek To🐟 Recoup Fraudulent Withdrawals

One suit was filed in the U.S. District Court for the Southern District of Texas. The case involves a Houston man who withdrew funds after 澳洲幸运5官方开奖结果体彩网:depositing a $335,000 check. The man owes the bank $290,939.47, CNBC and Reuters reported.

The other lawsuits are in federal courts in Miami and Los Angeles, where JPMorgan says customers owe $80,000 to $141,000. The bank seeks the return of the stolen funds, along with interest and 澳洲幸运5官方开奖结果体彩网:overdraft fees, lawyers’ fees𝐆, and punitive damages in some cases, according to𝓀 CNBC.

Do you have a news tip for Investopedia reporters? Please email us at
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. New York Post. "."

  2. Reuters. "."

  3. CNBC. " "

Compare Accounts
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Related Articles