"JPMorgan Begins Suing Customers Who Allegedly Stole Thousands Of Dollars In 'Infinite Money Glitch'" - CNBC
Portfolio Pulse from Benzinga Newsdesk
JPMorgan Chase is suing customers who exploited a technical glitch to withdraw funds before checks bounced, resulting in significant financial losses. The bank has filed lawsuits in multiple federal courts and is investigating thousands of potential cases. This incident highlights the risks of social media amplifying financial vulnerabilities.
October 28, 2024 | 5:35 pm
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JPMorgan Chase is suing customers who exploited a technical glitch to withdraw funds before checks bounced. The bank is investigating thousands of cases and has filed lawsuits in multiple federal courts.
JPMorgan Chase is directly involved in legal actions against customers who exploited a glitch, which could impact its reputation and operational focus. However, the bank's proactive measures and cooperation with law enforcement may mitigate long-term financial impacts.
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