JPMorgan Chase & Co. is suing multiple people and companies for fraud after allegedly taking advantage of the Chase ATM “glitch” trend that went viral on TikTok.
The company filed at least four complaints Monday, alleging that bank customers deposited tens of thousands to hundreds of thousands of dollars in fake checks into Chase accounts before the checks bounced. He claims to have withdrawn a large sum of money. The participants collectively owe banks $660,000, according to the complaint filed in federal courts in Los Angeles, Houston and Miami.
Although the lawsuit does not mention the TikTok ATM’s “glitch” tendencies, the withdrawals cited in the lawsuit were from a popular period in late August and used a method popularized by TikTok. .
This trend led to users writing themselves large checks and being instructed to immediately withdraw all or part of the money from ATMs.
This conduct constitutes bank fraud, and the bank customers must immediately return the funds and related fees, along with attorney’s fees and other relief, Chase’s lawyers wrote.
“Fraud is a crime that affects everyone and undermines confidence in the banking system. Chase takes its responsibility to combat fraud seriously and is committed to protecting the company and its customers by making the banking system more secure.” ,” all four lawsuits state.
None of the plaintiffs could be reached for comment.
Greenberg Traurig LLP represents JPMorgan Chase & Co.
The case is JPMorgan Chase Bank, NA v. Reed, CD Cal., No. 2:24-cv-09243, October 28, 2024, JPMorgan Chase Bank, NA v. In and Out Appliances, LLC, SD Florida, No. 1:24-cv-24175, October 28, 2024, JPMorgan Chase Bank, NA v. Riskboss Musiq, LLC, SD Florida, No. 1:24-cv-24172, 10/28/24 , and JPMorgan Chase Bank of North America v. Ikemi, Texas, South Dakota, No. 4:24-cv-04140, October 28, 2024.
