Playmaker88
G Money is Cash
People are so fucking stupid.. you got every opportunity to not be stupid...but people got no scruples and no common sense
FEATURED People Going In Debt After Chase Bank Glitch
- Thread starter Goldie
- Start date
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Tayboo
There she go🥰
Oh the dumb shit we did in our youth...
The Lonious Monk
Celestial Souljah
I'm really trying to understand how anyone thought they'd get away with this. These people don't have anyone in their friend groups smart enough to tell them how stupid an idea this was?
Playmaker88
G Money is Cash
Niggas must've thought these were shark cards from GTA
nex gin
Active Member
We live in a time where people record themselves committing felonies and post it on the public internet for all of law enforcement to see. This is just par for the course.
konceptjones
The one between three and three.
If the sheer number of PPP scams didn't show you that these niggas have nobody in their circles with some sense, I don't think anything will.
On a side note, did any of y'all hear that congress extended the SOL on PPP fraud to 10 years? The SBA is still finding and prosecuting fraudulent PPP loans.
JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced.
The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called infinite money glitch that went viral on TikTok and other social media platforms in late August.
A Houston case involves a man who owes JPMorgan $290,939.47 after an unidentified accomplice deposited a counterfeit $335,000 check at an ATM, according to the bank.
"On August 29, 2024, a masked man deposited a check in Defendant's Chase bank account in the amount of $335,000," the bank said in the Texas filing. "After the check was deposited, Defendant began withdrawing the vast majority of the ill-gotten funds."
JPMorgan, the biggest U.S. bank by assets, is investigating thousands of possible cases related to the "infinite money glitch," though it hasn't disclosed the scope of associated losses. Despite the waning use of paper checks as digital forms of payment gain popularity, they're still a major avenue for fraud, resulting in $26.6 billion in losses globally last year, according to Nasdaq's Global Financial Crime Report.
The infinite money glitch episode highlights the risk that social media can amplify vulnerabilities discovered at a financial institution. Videos began circulating in late August showing people celebrating the withdrawal of wads of cash from Chase ATMs shortly after bad checks were deposited.
The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called infinite money glitch that went viral on TikTok and other social media platforms in late August.
A Houston case involves a man who owes JPMorgan $290,939.47 after an unidentified accomplice deposited a counterfeit $335,000 check at an ATM, according to the bank.
"On August 29, 2024, a masked man deposited a check in Defendant's Chase bank account in the amount of $335,000," the bank said in the Texas filing. "After the check was deposited, Defendant began withdrawing the vast majority of the ill-gotten funds."
JPMorgan, the biggest U.S. bank by assets, is investigating thousands of possible cases related to the "infinite money glitch," though it hasn't disclosed the scope of associated losses. Despite the waning use of paper checks as digital forms of payment gain popularity, they're still a major avenue for fraud, resulting in $26.6 billion in losses globally last year, according to Nasdaq's Global Financial Crime Report.
The infinite money glitch episode highlights the risk that social media can amplify vulnerabilities discovered at a financial institution. Videos began circulating in late August showing people celebrating the withdrawal of wads of cash from Chase ATMs shortly after bad checks were deposited.
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mike030270
Memes
"On August 29, 2024, a masked man deposited a check in Defendant's Chase bank account in the amount of $335,000," the bank said in the Texas filing. "After the check was deposited, Defendant began withdrawing the vast majority of the ill-gotten funds."
757'sFinest
OG
It's gonna be some sick folks when they get that letter lol
NegroPrime
Active Member
The sheer lack of critical thinking
VIBE
Do More. Be Legendary.
money drunk
You would think after the PPP scam that people would have learned their lessons.