JPMorgan Chase sues customer who allegedly withdrew $290,939 from bank with illegal ATM ‘failure’: report

JPMorgan Chase is now suing customers who withdrew money from the bank’s ATMs using an illegal bank “crash.”

A bank has sued people who allegedly withdrew thousands of dollars from bank ATMs over the summer in a check fraud scheme that went viral.

Scheme centers on entering a forged check into an ATM.

After depositing a forged check, customers withdraw funds that are automatically deposited into their account, knowing that the check will later bounce and the funds will disappear.

Court documents show a Houston man is among the clients Chase has sued. According to the bank’s complaint, the man had an accomplice deposit a fake check for $335,000 into his account.

After making the fraudulent deposit, the man allegedly withdrew a total of $290,939. reports CNBC.

“On August 29, 2024, a masked man deposited a check for $335,000 into Defendant Chase’s bank account.

After the check was deposited, the Defendant proceeded to withdraw the vast majority of the ill-gotten funds.”

Chase did not say how much money was lost through the scheme, although the lender is investigating “thousands” of possible cases.

The bank filed other lawsuits in Miami and California, saying customers took between $80,000 and $141,000. However, most of the cases under investigation are likely to involve much smaller amounts.

Chase says its security team first reaches out to customers, taking legal action if illegal withdrawals are not refunded.

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