Chase starts suing customers that allegedly stole funds in ATM ‘glitch’ scam that went viral [Video]

JPMorgan Chase filed four lawsuits in federal courts on Monday against customers who allegedly stole tens of thousands of dollars from the bank in an “unlimited money” stunt after a vulnerability in its ATM system was exposed and went viral over the summer.

Videos circulating on social media before Labor Day exposing a glitch in the bank’s system would allow customers some easy money, but in reality, it was fraud.

Several accounts on TikTok and other platforms touted the scheme that instructed Chase account holders to write themselves a large check (often in the tens of thousands of dollars), deposit it using a mobile device and then rush to the ATM and withdraw the funds before the check was cleared.

Some videos allegedly  showed individuals celebrating their sudden riches, and others showed the aftermath of people purportedly finding their accounts frozen with massive negative balances.

VISA REPORT HIGHLIGHTS EMERGING SCAMS TARGETING CONSUMERS AND TRAVELERS

Now, Chase is …