TikTok Influencers Are Now Encouraging Money Fraud as a “Money Hack”
Recently, there was a glitch at Chase Bank. And it was a big one.
Customers were depositing phony checks and getting cash back.
Chase Bank said it was reviewing incidents of individuals who may have participated in an online check fraud “glitch” trend and referring them to law enforcement authorities.
Last weekend, social media saw millions of users engaging with posts suggesting an error at the bank was causing ATM machines to give users unlimited cash.
In fact, the meme was prompting users to commit check fraud by requesting cash they didn’t have after depositing a phony check for the amount they were seeking.
It was, of course, featured on TikTok. And people went to town. But many were like, what??!!
A source familiar with the matter confirmed there was an error that was eventually fixed.
It is not clear how the “glitch” trend began, but by last Saturday, the meme had exploded onto TikTok, where some people filmed themselves bragging about their seemingly newfound riches.
Criminal statutes on the severity of punishment for instances of check fraud vary by state. In California, misdemeanor check fraud charges can carry a one-year prison term plus…