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Chase Bank is urging its customers not to commit check fraud. The bank’s plea comes after this weekend a viral trend took over TikTok and X, with users being told that there was a systemwide ...
One case in Houston involves a “masked man” who allegedly deposited a $335,000 check to a defendant’s account. Chase says the defendant owes it $291,000 — the most across all four of the ...
The problem is that this is just a form of check fraud, a criminal offense. Chase said in a statement to CNN that the issue has “been addressed” and warned people not to try it.
In August and September of 2024, a viral "money hack", which was actually a form of cheque fraud, circulated on TikTok claiming that Chase Bank account holders could give themselves large amounts of money by writing a cheque, cashing it, and quickly withdrawing the money from an ATM.
The Chase viral trend got promptly shut down by the bank, but this will not be the last time you hear about a check fraud scheme. Banks reported about 680,000 instances of check fraud in 2022 ...
The legal repercussions for check fraud can vary by state and the amount of money in question, but in New York the penalty could range between six months and 25 years in prison, Adam H. Rosenblum ...
In the largest case, Chase said a Houston man still owes $290,939.47 after withdrawing over two days most of a $335,000 check that a masked man deposited in his account on Aug. 29. Chase said the ...
Garden-variety check fraud, this one. Altered checks, similarly, are a wider category of check fraud in which bad actors change any information on the note, including the amount or name of the ...