A spokesperson for Chase Bank said, 'We are aware of this incident... depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.'
How it works is someone writes a fake check and deposits it in their own bank account at an ATM... typically, the bank sets a hold before checks clear.
Chase account holders who participated in this glitch are now dealing with massive negative balances... despite believing they were gaining from a mere ATM error.
The Chase Bank trend is just the latest 'get rich quick scheme'... drawing desperate individuals into financial crime, often through misleading social media advice.
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