Editor's Pick

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’

JPMorgan Chase & Co has started litigation proceedings against customers who reportedly took advantage of an ‘infinite money glitch’ and allegedly stole thousands of dollars. This flaw or “glitch” in the company’s system allowed certain clients to borrow more money than they had in their accounts, and essentially abuse unlimited overdraft protections. The bank detected the issue and moved to rectify it, but not before some customers took advantage to unlawfully acquire funds. It’s now seeking to reclaim its money via legal routes.

You May Also Like

Editor's Pick

This statement indicates that despite the increase in the number of people choosing to travel by air, which is creating a record-breaking demand, the...

Editor's Pick

That’s correct. Dollar Tree, the parent company of the budget stores Family Dollar and Dollar Tree, announced in 2019 that it would close nearly...

Economy

It sounds like you’re interested in creating a narrative or story around these characters. Let’s set up how they might interact. — Once upon...

Editor's Pick

The Federal Trade Commission (FTC) recently announced that it has reached a settlement with drugstore chain Rite Aid over its “improper use of facial...

Disclaimer: Financeflowinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 financeflowinsider.com

Exit mobile version