JPMorgan Chase is cracking down on customers who allegedly used a sneaky trick to withdraw thousands of dollars from ATMs. The bank is suing people who took advantage of a viral check fraud scheme that happened over the summer.
How the Scheme Worked
The scheme involved depositing a fake check into an ATM. The money would appear in the account immediately, but the check would bounce later, leaving the account empty.
Chase Takes Action
Chase is going after these customers, including a man in Houston who allegedly withdrew $290,939 after depositing a fake check for $335,000. The bank says they are investigating “thousands” of similar cases and have filed lawsuits in Miami and California.
Chase’s Warning
Chase is warning customers who took part in the scheme that they will be contacted by the bank’s security team. If they don’t repay the stolen money, they could face legal action.
