Chase Bank is referring check fraud 'glitch' incidents to authorities
Chase Bank said it was reviewing incidents of individuals who may have participated in an online check fraud "glitch" trend and referring them to law enforcement authorities.
Chase Bank said it was reviewing incidents of individuals who may have participated in an online check fraud "glitch" trend and referring them to law enforcement authorities.
Last weekend, social media saw millions of users engaging with posts suggesting an error at the bank was causing ATM machines to give users unlimited cash.
In fact, the meme was prompting users to commit check fraud by requesting cash they didn't have after depositing a phony check for the amount they were seeking.
Within 24 hours, after the suspicious activity was discovered, users reported having their bank accounts blocked.
“As with any fraud-related issue, we review internally and refer to law enforcement as appropriate," a Chase spokesperson said in a statement. "Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.”
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