JPMorgan is suing the customers who cashed in on bank’s “infinite money glitch”

Fortune

JPMorgan has begun legal proceedings against customers who allegedly stole hundreds of thousands of dollars during a technical malfunction in the bank’s ATM systems.

Transcript

00:00J.P. Morgan is suing the customers who cashed in on the bank's infinite money glitch that went viral earlier this year.

00:06There wasn't actually a glitch, it's just check fraud.

00:09Customers would deposit counterfeit checks and then withdraw the cash before the check bounced.

00:14And now the bank has filed at least four separate federal lawsuits,

00:17including one case where a sum of more than $290,000 was allegedly withdrawn by a Chase customer.

00:24The total of all four cases comes to more than $661,000.

00:29The bank is hoping to get the stolen money back, including interest and overdraft fees on the accounts,

00:34plus legal fees and in some cases punitive damages are also being sought.

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