Idiots Who Tried TikTok’s Viral ‘Free Money Glitch’ at ATMs Will Be Reported as Fraud
Last weekend, TikTok videos went viral that purported to show how to get free cash at Chase Bank ATMs across the country. The modus operandi involved depositing a check for a large amount of money that the user did not actually have and withdrawing a small but substantial amount before anything was legally removed. In fact, “glitch” is better known as fraud. And now, JP Morgan Chase has confirmed that the bank reports people who have committed crimes to the authorities.
“As with any fraud-related matter, we review it internally and refer it to law enforcement as appropriate,” a Chase spokeswoman told the Wall Street Journal on Friday. “Regardless of what you see online, depositing a fraudulent check and withdrawing funds from your account is fraud, plain and simple.”
It’s not entirely clear how many people may have tried the program, but the Journal describes it as “thousands.” The viral meme became so popular that tens of millions of people are watching TikTok videos about the “glitch” right now, according to the Journal.
One popular video on TikTok features a woman on the phone trying to explain to her mother that they allow people to earn between $40,000 and $50,000 for free with this endless money “glitch.” The mother is rightly skeptical and says that she does not want her bank account to be closed, while her daughter insists that her account will not be closed as it is just a mistake.
Some videos on TikTok even show people throwing money they could have earned this way in the air in celebration. But Chase told the Journal that they have frozen some accounts they tried, however, the exact numbers have not been disclosed. And the bank is providing police with “surveillance photos and other information related to individuals.
While there were a lot of people who believed that this was a “mistake” that wouldn’t get them into trouble, the situation has definitely changed at this point, as there are many new videos about the ATM scam mocking people who thought it was just a fluke. hole instead of checking for fraud.
“Only TikTok can turn grand larceny into a ‘life hack’ and rebrand check fraud as a ‘mistake,'” one user on X wrote after the videos started going viral.
The US Postal Inspection Service also tweeted an “unlimited money problem” with a monocle inspection emoji earlier this week, expressing skepticism.
“Believe the tendency of TikTok, test fraud is a serious crime. You will be persecuted. If it sounds too good to be true…” the account continued.
“the problem of unlimited money” 🧐
Don’t believe the trend of TikTok, test fraud is a serious crime. You will be persecuted. If it sounds too good to be true…
– US Postal Inspection Service – Headquarters (@USPISpressroom) September 3, 2024
