02:00 PM EDT, 10/28/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) has filed lawsuits in at least three federal courts against customers who allegedly exploited a technical glitch in ATMs, allowing them to withdraw funds before a check bounced, CNBC reported Monday.

The suits are targeting several individuals who withdrew the highest amounts, including one man who owes the bank $290,939.47 after an unidentified accomplice deposited a counterfeit check for $335,000, CNBC reported, citing the bank's court filing.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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