@JoeRockhead wrote:
People taking advantage of a temporary glitch depositing fraudulent checks then withdrawing money they know doesn't belong to them... Play stupid games, win stupid prizes.
https://www.yahoo.com/news/chase-warns-against-using-system-201331004.html
“We are aware of this incident, and it has been addressed,” Chase commented in a statement. “Regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.”
"The number of Chase customers who tried to do this is not immediately known".
"One video posted on social media shows purported participants shouting with joy and throwing cash in the air. Other videos, however, show purported participants then later upset after seeing huge negative balances on their bank accounts once the bad checks had finally bounced yet their withdrawals of cash were still accounted for".
Reminds me of a guy I used to work with named Willie who got out of the state prison and then decided that having to take care of his girlfriend and all the kids he made with her was worse than prison.
He was talking at work about going to a certain type of bar and spending a bunch of money, and I asked how he could afford to do that "with what this place pays", and he admitted he'd been going to banks and putting empty envelopes in and saying it was a deposit and taking the money out, and going to payday loan stores.
I said, "Aren't you going to get in trouble for that?" and he said he knew he would, and sure enough they revoked his parole and sent him back. Eventually, I think, life gets so bad that some give up.
But that may not be what we're dealing with here. People today are just a lot dumber than they used to be. They might honestly be surprised that something like this they saw on TikTok wasn't a "life hack".
