Tuesday, March 4, 2025

Tag: Chase Bank “glitch” is the new term for Check Fraud

Chase Bank “glitch” is the new term for Check Fraud

by Martin Armstrong, Armstrong Economics:

Over the weekend, people have taken over a trend that had been going viral over writing fake checks to themselves and depositing it into their accounts by going to the ATM and taking out the allotted amount written on the checks. The check amounts would be for an obscene amount and the people would just keep withdrawing until the check would bounce. It started with a group of people making a video telling everyone to make a check out to themselves and go to the ATM and keep withdrawing and they would come up with thousands of dollars- a lot of people caught on to this and followed their lead.  The ones who followed this scheme shared videos of themselves actively going and doing this crime, proving to others that they should do it, too. Well.. they surely did out themselves for jail time.