Bitcoin Forum

I just unexpectedly received a check in the mail made out to myself, stating on it "Tucker vs Chase, N.A. Settlement".  It wasn't for very much, but it's always nice to get free money.  The funny thing is, I had no clue what this was even for.  I did a quick google search and here's what I found...what a shocker, JP Morgan Chase Bank scamming again..

I thought I'd try and make others aware, I'm sure there are others here who should be receiving the same.

https://i.ibb.co/2vwfpY4/Capture.png (https://ibb.co/LxM2sh7)

https://topclassactions.com/lawsuit-settlements/lawsuit-news/money/fees/2-5m-chase-crypto-fees-class-action-settlement-reached#:~:text=The%20Chase%20Bank%20fees%20class,using%20the%20bank's%20credit%20cards.&text=In%20fact%2C%20these%20unexpected%20fees,personal%20cash%20loans%20from%20Chase.
 

I am glad to see you receiving some free money and I am sure this story illustrates why we should not be trusting bankers with all of our finances, money and assets as they are filled with just greed and lust after money they are not owning in the first place. The time has really come to send these banks a big message: shape up or be shipped out! I understand that banks are playing a very pivotal role in any country's economy and I don't see them getting out of business that is why if these institutions can reform themselves we can be in a better place.

not exactly free money.
for you to be a 'victim' of the fee's scam. you have probably already paid fee when you done bitcoin trades in the past. so more likely a refund of those fees. thus it was your money in the first place.

so was it an amount that can be considered as the amount of bank charges you paid. or was it more and a 'discretionary compensation amount' ontop of any fee refund amount.

other things to note. is that chase has always had a 'cash advance' policy. however it was actually the bitcoin exchange that when processing payments. the exchange informed the bank the purpose of the payment was 'cash advance' and not 'purchase'
exchanges do this to avoid customers doing 'chargebacks' because banks wont chargeback a 'cash advance'
so i see this as a mistake made by exchanges not informing customers that their deposits are being handled as 'cash advances'

..
maybe tucker can sue the exchanges next, as it was the exchanges that put customers into a 'loan' situation.

but what i can see happening is chase next drops serving exchanges that request 'cash advances'

Interesting information, thank you for sharing this with me.  I obviously didn't do a lot of homework on this, just read a couple quick write ups and they didn't get very far in depth about everything.

Of course it's not free money if it was already owed to me, I was just meaning that in the sense that it's money I would have never known I lost otherwise.  To answer your question, I do not know if I was "awarded" and compensation on top of what was already owed to me.  Going to look in to that though.

If you remember the market crash back in 2018, then you will understand why Chase pull up such malpractices! It's great that law stood by the right side and didn't give up in front of the banking lobby! Jemie was super hostile about bitcoin back in 2017 and 2018 which probably have resulted such malpractices from Chase! Now they are learning their lessons and slowly started showing positivity towards it.

Congrats for the free money anyway!