JP Morgan sues customers over viral TikTok cheque fraud

Quick Summary:

"Infinite money glitch” allowed the withdrawal of funds from cheques before they were cleared by the bank.

At the same time the banking giant named its first female finance chief in the firm's 159-year history.

The court papers said the defendant then started to withdraw the money.

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Article Details

Category: Business

Markets: United KingdomChinaPeru

Topics: Court Bank Cheque Withdraw Chase Customers Money Banking Morgan Fraud

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 03:40:39 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23318412

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Official Website: bbc.co.uk

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News Last Updated: 13 hours ago

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