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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 ...
Chase Bank issued a warning over social media videos showing users how to commit check fraud. ... TikTok showed people taking advantage of what was described as a "glitch" in the bank's ATM system.
Pusateri added that the bank is “open to pursuing other individuals or entities we believe engaged in bank fraud.” JPMorgan Chase is the biggest US bank by assets, with roughly $3.5 trillion.
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 oldest reference to the origin of scam letters could be found at the Spanish Prisoner scam. [1] This scam dates back to the 1580s, where the fictitious prisoner would promise to share non-existent treasure with the person who would send him money to bribe the guards.
The Chase Bank trend is just the latest “get rich quick scheme,” a centuries-old concept that has been resuscitated by social media, drawing desperate people into financial crime.
A viral TikTok trend that had some people think they were getting “free” cash from ATMs because of a glitch is actually just fraud, according to the bank. Viral videos of people stealing money ...
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