TikTokers pocketed hundreds of thousands of dollars due to viral ‘infinite money glitch’. Now JPMorgan is suing them for fraud

JPMorgan has launched a lawsuit against clients who allegedly stole hundreds of thousands of dollars during a technical malfunction in the bank’s ATM systems.

The so-called “infinite money glitch” allowed customers to deposit fake checks and then withdraw cash before the check bounced.

on monday the bank filed at least four separate federal lawsuits, including one in which more than $290,000 was allegedly withdrawn Pursue the client.

Customers became aware of the apparent “free money” hack over the summer after it became popular on social media apps like TikTok. However, those who tried to capitalize on this hiccup were then warned that they were trying to commit a common scam.

While social media users celebrated their apparent manipulation of the system, Chase Bank said Fortune in September: “We are aware of this incident and it has been resolved. Regardless of what you see online, depositing a fraudulent check and withdrawing funds from your account is fraud, plain and simple.”

Chase is not the only bank dealing with such problems. In August 2023 Bank of Ireland customers found it possible to withdraw large amounts from ATMs, and a lot mistakenly thinking they are getting free money.

Some were able to withdraw more money than usual, while others were able to transfer up to 1,000 euros ($1,090) to other accounts — even if it was more than they had — and then withdraw the funds in cash.

In the Chase case, four lawsuits were filed in Los Angeles, Houston and Miami, Reuters reports — two relating to individual accounts and two relating to individual accounts.

While the total for the four cases — all dropped after the forged or forged checks were deposited — was more than $661,000, a significant portion of that amount came from just one case.

Upon request saw CNBCone customer allegedly withdrew $290,939.47 in Houston after an unknown accomplice deposited a forged check for $335,000.

The accomplice was wearing a mask when depositing the check.

According to the complaints seen by CNBC, in each case the largest US bank asked the defendants to return the fraudulently obtained cash.

Several reported cases concern individuals who have not yet returned the funds.

The bank, according to CNBC, is seeking to recover the stolen money, as well as interest and overdraft fees on the accounts. In addition, court costs and, in some cases, punitive damages are required.

JPMorgan Chase didn’t answer right away Fortunerequest for comment.