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this post was submitted on 06 Sep 2024
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Pulse of Truth
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If you need an account with Chase, doesn't that mean they were just withdrawing their own money? On top of that they are now going to jail for fraud.
From what I understand they were basically doing check kiting
I did this by accident once when using mobile deposit of a check and missing the decimal point while typing in the amount. I was not dumb enough to think it was free money and spend it. The bank fixed it two days later.