TikTok trend promises easy riches, but then it hails complaints
USA - Some people have been promising big money on TikTok since the end of August. And how? Quite simply: with a so-called "infinite money glitch". A US bank suffered hundreds of thousands of euros in losses as a result, which is why users of this "life hack" are now facing legal action.
JPMorgan Chase Bank filed such lawsuits with three federal courts in the United States last Monday, as reported by"CNBC".
Those responsible want to take action against the people who stole the largest amounts with the "Infinite Money Glitch".
But what is it all about?
In the end, the advertised "glitch" is nothing more than classic cheque fraud.
You simply go to a bank and cash a fake check. You then have the sum paid out before it is checked - and then make off with the illegally obtained money.
Cases involving large amounts were investigated first
In one case in Houston, the amount of money stolen was particularly high. There, a man still owed the bank around 270,000 euros after a previously unknown accomplice had deposited around 310,000 euros into his account at the ATM using a fake check. Shortly afterwards, the accused began to withdraw the money quickly.
Two other fraud cases in Miami and California involve amounts between approximately 74,000 and 130,000 euros.
Individuals who defrauded the bank of smaller amounts - and most of them were - will also face legal action.
JPMorgan also states that it has contacted the suspected fraudsters in each of the cases.
Ultimately, anyone who obtained money unlawfully should be forced to repay it. "Fraud is a crime that affects everyone and undermines confidence in the banking system," says JPMorgan spokesman Drew Pusateri.