JPMorgan Chase Expands Legal Action Against ATM Glitch Fraudsters

JPMorgan Chase is expanding its legal efforts against customers who allegedly exploited an ATM malfunction, known as the "infinite money glitch." This glitch allowed individuals to withdraw funds repeatedly from ATMs without having the necessary funds in their accounts. The bank is now pursuing legal action against customers who allegedly stole amounts below $75,000, which means these cases are being filed in state courts rather than federal courts. This shift in strategy indicates that the bank is broadening its legal net to include a wider range of alleged fraudsters.

The bank has filed lawsuits in various states, including New York, against customers who allegedly stole $75,000 or less through the glitch. These lawsuits are part of a broader effort by JPMorgan Chase to recover hundreds of thousands of dollars lost due to the ATM malfunction. The bank's legal team is actively pursuing these cases to hold accountable those who took advantage of the glitch and to deter similar incidents in the future.

The "infinite money glitch" gained significant attention last summer when it went viral, leading to a surge in customers exploiting the flaw. JPMorgan Chase has been proactive in addressing this issue, filing fresh complaints in courts nationwide against alleged fraudsters who raked in amounts under $75,000. The bank's continued legal actions underscore its commitment to recovering the lost funds and maintaining the integrity of its financial systems.

The bank's legal strategy involves suing customers who allegedly stole thousands of dollars from the banking giant. These lawsuits are part of a broader effort to recover funds and hold accountable those who exploited the glitch. The bank's actions serve as a reminder to customers that exploiting such vulnerabilities can have serious legal consequences.