JPMorgan sues customers it says took advantage of "infinite money" glitch
CBSN
JPMorgan is suing customers it alleges took advantage of a technical glitch to steal thousands of dollars from the bank at ATMs.
The loophole, called the "infinite money glitch" by social media users who became aware of it in August, let customers deposit counterfeit checks for large amounts of money and then withdraw the funds before the bank could verify they were bogus.
Social media videos celebrating people withdrawing ill-gotten funds heightened awareness of the loophole. The bank patched the bug days later and launched an investigation into the incident.
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