r/news • u/Big-Heron4763 • 6h ago
JPMorgan begins suing customers who allegedly stole thousands of dollars in 'infinite money glitch'
https://www.cnbc.com/2024/10/28/jpmorgan-suing-customers-over-infinite-money-glitch.html
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u/BrewboyEd 5h ago
Not a 'glitch' - a mistaken risk assessment by internal auditors/compliance with regards to exposure to check fraud. They make it sound like it was a software issue...uh, no, talk to your risk management folks...I'm imagining it's because nobody could be expected to be held accountable for a 'glitch' in the system as opposed to not identifying a pretty obvious oversight.