Last weekend, a series of viral TikTok videos allegedly revealed how to withdraw free money from Chase Bank ATMs across the country. The individual employed an unorthodox approach to securing a significant sum of money they lacked, initially investing a large sum and then withdrawing a smaller yet substantial amount prior to formal clearance. In reality, the alleged “glitch” was more commonly known as fraud. JP Morgan Chase has confirmed that it will report individuals involved in fraudulent activities to law enforcement authorities.
“A spokesman for Chase said in a statement on Friday that the bank assesses internal controls and consults with law enforcement whenever it receives a fraud-related complaint.” “While online platforms may offer tempting opportunities to transfer funds without scrutiny, it’s crucial to remember that illegally draining an account by submitting false deposits is a serious offense, with clear legal consequences.”
Although exact figures are unclear, the Journal estimates that hundreds attempted this scheme. Meanwhile, the viral meme’s popularity has led to tens of millions watching TikTok videos about the “glitch” worldwide, according to the Journal.
A TikTok user showcases a mother-daughter conversation where the daughter enthusiastically explains to her mom that certain individuals are reportedly receiving $40,000 to $50,000 for free due to an alleged “infinite cash” glitch. However, the mom remains skeptical, expressing concern about keeping her checking account open, while her daughter assures her that their account won’t be affected since it’s just a temporary issue?
Some movies on TikTok showed people jubilantly tossing cash, allegedly earned through this means, into the air in a symbol of triumph. Despite Chase’s efforts to stem the issue, the bank has reportedly frozen several accounts attempting fraudulent transactions, although exact figures remain undisclosed. The financial institution provides police with surveillance footage and related data about individuals.
While some initially viewed the ATM cheating scandal as a “glitch” with no repercussions, the narrative has shifted significantly, with many recent films satirizing those who saw it as a harmless opportunity rather than a serious form of academic dishonesty.
“limitless cash glitch” 🧐
Test fraud is a serious and egregious criminal offense that poses significant risks to the integrity of educational institutions and the broader society. You may be prosecuted. Be wary of claims that seem unrealistically optimistic.
— U.S. Postal Inspection Service – Headquarters (@USPISPressroom)
