JP Morgan Chase Sues 4 Customers Over Alleged Fake Check Fraud Scheme

JP Morgan Chase has filed lawsuits against four customers, accusing them of bank fraud linked to large, unauthorized withdrawals. The so-called “infinite money glitch,” as it became known on the social media platform TikTok, instructed users to write large checks to themselves and attempt to immediately withdraw all or part of the cash from ATMs. The lawsuits don’t specifically mention TikTok or the “money glitch,” but the withdrawals referenced occurred at the end of August when the videos were trending. According to the bank’s complaints, each defendant deposited fraudulent checks and then swiftly withdrew significant amounts of money before the transactions were flagged as counterfeit, leaving Chase with substantial losses....