JPMorgan is going after even more customers who allegedly cashed in on the ‘infinite money glitch' stemming from an ATM malfunction [Fortune]
JP Morgan Chase & Co. (JPM)
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Source: Fortune
The bank has filed five new lawsuits on the state level after winning four federal suits filed last October. Chase recouped about $580,000 of the $660,000 it sought out in the original batch of litigation. JPMorgan Chase is continuing efforts to recover hundreds of thousands of dollars lost after an ATM “glitch” went viral, leading customers to steal funds from the bank during the malfunction. JPMorgan is pursuing legal action on the state level, suing customers who allegedly stole $75,000 or less from the company, CNBC first reported . Last October, the bank filed four federal lawsuits , and, as of Monday, has won them all , recouping about $580,000 of the $660,000 it sought out, with dollar amounts not finalized for all cases. Last August, social-media users uploaded videos explaining a “glitch” stemming from ATM malfunctions, which would allow Chase bank customers to write a fake check, deposit it into an ATM, and withdraw cash over the course of a week when some of the depos
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