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"JPMorgan Plans To Report Customers Who Exploited TikTok 'Glitch' To Authorities; Thousands Of People Withdrew Money After Depositing Bad Checks" - WSJ

Author: Benzinga Newsdesk | September 06, 2024 02:29pm

https://www.wsj.com/finance/banking/jpmorgan-plans-to-report-customers-who-exploited-tiktok-glitch-to-authorities-cb5f5cef?mod=latest_headlines

JPMorgan Chase is investigating thousands of incidents of possible check fraud committed as part of a TikTok craze and plans to share the evidence it gathers with police departments around the country.

Users on the social-media platform began sharing videos that showed a so-called glitch at Chase Bank that was allowing customers to deposit big checks and withdraw funds from ATMs immediately, even if sufficient funds weren't available. 

Posted In: JPM

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