2 sources·Business

JPMorgan Chase Initiates Lawsuits Against Customers After ATM Withdrawals Exploit

JPMorgan Chase pursues legal action against customers who exploited a glitch allowing fraudulent ATM withdrawals, seeking recovery of millions.

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Updated: Oct 28th, 2024, 8:07 PM ET

Summary

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In response to alleged fraudulent withdrawals exploiting a technical glitch, JPMorgan Chase has filed lawsuits in multiple states against several individuals. The bank claims losses exceeding $662,000 following a viral TikTok scheme, prompting court actions aimed at recovering the funds and covering legal expenses. Chase urged accountability in fraud cases, emphasizing potential measures against additional fraudsters.

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JPMorgan Chase Initiates Lawsuits Against Customers After ATM Withdrawals Exploit - Pano News