Remember those enterprising young fellows last month who thought they'd discovered a free money hack but were just committing garden-variety check fraud?
Well the chickens have really come home to roost for some of those crooks:
Multiple lawsuits have been filed against those who partook in a viral trend earlier this year that purportedly provided them with 'unlimited' money from certain ATMs. ...
On Monday, JPMorgan Chase sued two individuals and two businesses, accusing them of illegally retaining more than $661,000 obtained with the 'glitch,' Reuters and Nexstar's NewsNation reported.
One fellow "owes nearly $290,940 after withdrawing nearly all of a $335,000 check a masked man deposited into his account in late August."
As we reported last month, the "error" at Chase Bank allowed customers access to cash right away once the check was deposited. Opportunistic crooks were writing fake checks for thousands of dollars and then withdrawing the money before the checks inevitably bounced.
It's unclear just how many people took advantage of the scam, though the Wall Street Journal reports that there "may have been thousands of potential instances of check fraud due to the glitch."
If I were that guy I'd return the $291,000 ASAP.
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