Chase warned that depositing a fraudulent check and withdrawing funds is fraud. 'Regardless of what you see online, this is fraud, plain and simple,' said a spokesperson.
Jim Wang emphasized that 'bank errors in your favor are almost never in your favor.' When participating in this 'glitch,' people ended up with huge negative balances.
Wang advised participants: 'It's not your money, and when they figure it out, they will want it back. Do not spend it, do not move it, just leave it alone.'
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