Chase Bank Issues Fraud Warning After ATM Glitch Videos Spread Online

Chase Bank responded to viral social media videos depicting people exploiting an apparent flaw in the bank’s system, saying that those customers were likely committing fraud.
However, a spokesperson for Chase Bank said those people were likely committing fraud and that the issue was resolved. The bank also warned customers not to mimic what they’ve seen on the internet.
“We are aware of this incident, and it has been addressed,” a Chase spokesperson told The Epoch Times in an emailed statement on Tuesday.
“Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple,” the spokesperson added.
The bank did not respond to a question about whether it is investigating the videos or whether law enforcement is involved, and it’s unknown how many Chase customers attempted to make such withdrawals.
If a large sum of money shows up in a person’s bank account, that person should tell their bank right away, he advised.
“Just because money appears in your account, doesn’t mean it’s literally yours,” Wang said. “If you spend it and are forced to pay it back, you’re going to have to figure out a way to pay it back.”
Misdemeanor charges, however, can lead to fines and up to a year in jail, the company says. For felony fraud charges, the sentence could be several years in prison and fines worth thousands of dollars depending on the state and the nature of the crime, it said.
Chase Bank or any other victim can also seek civil compensation from the individual who committed fraud, SQN says, and the amount the victim can claim varies from state to state.