Latest viral trend will land you in prison

Social media influence can often blur the lines between virality versus reality.

As of 2023, Forty three% of TikTok users contained within the U.S. the complete time get their news from the social media platform, and often, some simply take these small pieces of information as fact without doing similarly research.

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TikTok is currently thought of one of a few vital fastest-growing social media platforms. Its growth is principally brought on by people between the a very long time of 18 and 29, who account for 62% of the user base.

With such an impressionable, high-viewership target audience, it used to be only a matter of time earlier than any other viral video promoting criminal acts surfaced.

Virality versus reality

This would not be a 'glitch.' It be a fraud scheme. "Plain and simple."

These are the words Chase Bank used according to the most brand new viral TikTok.

Content creators on TikTok, the short-form video platform, went viral once more after starting a get-rich-quick trend for getting 'free' money.

Users took to TikTok to tell their viewers of an apparent 'glitch' contained within the Chase systems. This glitch supposedly allowed cardholders who deposited false checks contained within the bank's ATMs to withdraw large lump sums of 'free' money earlier than the check bounced.

These TikTok users claimed it used to be a brought on by cheat the bank's system, but in actuality, they were committing bank fraud, which is regarded as a federal crime contained within the U.S.

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The worst part, for them, is that these users were posting the crime on a viral video platform for each person to see while confessing to their fraudulent actions.

It truly is each of the mandatory evidence needed to land anyone in jail for an identical criminal offense.

Chase Bank fires back fast

TikTok users thought that they had outsmarted a well-established bank, but Chase (JPM) used to be quick to react and take action against the fraudsters.

"We are aware of the incident, and it has been addressed," said Chase in a statement to NBC News.

Whatever the undeniable undeniable fact that users may need thought of this 'glitch' as an innovative hack, making fake check deposits is a tale as old as time contained within the fraud scheme books, and banks have been aware of it for years.

"Regardless of what you see online, depositing a fraudulent check and withdrawing the funds out of your account is fraud, plain and simple," said Chase contained within the same statement.

When a talk to giant amounts of money is deposited, banks are inclined to place it on hold while or not it is miles reviewed. Within the intervening time, customers can withdraw the money from the ATM earlier than the check is cleared or bounced.

Alternatively, getting away with scamming a national bank seriously is solely not very that easy and takes somewhat more effort than a seconds-long video.

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Experienced scammers often commit this crime through the use of alternative people's accounts, but during this case, the TikTok users were only scamming themselves out of money.

Participants contained within the trend failed to get to enjoy the stolen money for given that that they had hoped for, as the flawed plan quickly began to cave in.

The next morning, these viral-trend participants were greatly surprised to awaken to negative funds in their bank accounts.

Chase straight away tracked down the bank fraudsters and charged them for the money that they had stolen out of their own bank accounts.

In response, many users once more took to social media platforms, including TikTok and X (TWTR) , to post about huge bank charges placed on their accounts amounting to the money that they had withdrawn.

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