Man Camps Out in Front of Chase Bank After Receiving $100 Counterfeit Bill

“She was very sympathetic but said it’s Chase’s policy that once you leave the building, it’s on you and you should check your money.”


Ivins Man Camps Out in Front of Chase Bank After Receiving Counterfeit Bill

ST. GEORGE – An Ivins man says he received a counterfeit $100 bill from Chase Bank.

Kipp Hagaman has camped out since Tuesday on the street corner in front of Chase Bank, 95 E. Tabernacle St. His large cardboard sign read:“Chase Bank Passed Me A Counterfeit $100 Bill!!”

According to Hagaman’s transaction receipt from Chase Bank, on March 15 at 3:53 p.m., he withdrew $2,000 from an account at Chase Bank on 95 E. Tabernacle St.

Hagaman said he received his $2,000 from Chase Bank as twenty $100 bills. He said that when he entered the bank he only had $3 on his person.

“I know that I had no other $100 bill,” Hagaman said. “I came here because I had bills to pay.”

After receiving his money at Chase Bank, Hagaman said he went directly to Check City, 490 W. St. George Blvd. According to his Check City receipt, he paid them $1,000 cash for a bill at 3:59 p.m. According to a second receipt from Check City, he then sent a six-page fax at 4:12 pm and paid $3 cash.

Hagaman said that he left Check City at about 4:13 p.m. and then went to America First Credit Union, 1564 W. Sunset Blvd. He said he attempted to pay another bill with the ten remaining $100 bills he received at Chase Bank.

Hagaman said that the teller at America First Credit Union thought one of the $100 bills was peculiar. Hagaman said that the teller spoke with the assistant branch manager and that they told Hagaman that one of his $100 bills was counterfeit. Hagaman said they asked him where he received the bill and he said Chase Bank.

Find out what happens next here…


12 Responses to “Man Camps Out in Front of Chase Bank After Receiving $100 Counterfeit Bill”
  1. Ron Litton says:

    Probably some bills that Madoff gave Jamie Dimon. They have been under the table for awhile, but Jamie needed some pocket change.

    Also, I have heard that is why Dimon needs so many mansions, one is now a printing company.

  2. Gregory says:

    Sounds like JP is running out of cash and starting to print their own money. Just like everything else that Chase does there is always some fraud envolved…………………

  3. l vent says:

    Chase are theives. My son opened his first checking account with Chase after what seemed an offer he couldn’t refuse. $125.00 free, just for opening a Chase checking account! They proceeded to deduct that $125.00 in checking and debit card fees and then some. Chase also fraudclosed on my sister’s home. I want Chase to die.

  4. l vent says:

    Funny to see this post. I was in a local gas station recently and a cop was trying to pay with a counterfeit Benjamin. Another related story is when my debit card got hacked 2 weeks before x-mas and when I found out I asked the BANKSTER if I should call the FBI , HE SAID, OH NO,NO WE WILL PUT THE MONEY BACK AND TRIED TO SELL ME DEBIT CARD PROTECTION FOR 10 BUCKS A MONTH. WTF!!!

  5. Pamela says:

    I wonder how long Chase has been passing phony bills to the public? Money laundering comes to mind.My how we do carry on.These bills are just as fraudulent as Chase.

  6. Stupendous Man - Defender of Liberty - Foe of Tyranny says:

    A quote from the article:

    “’I came here in good faith trusting that I’d get money and not a piece of paper that’s worthless,’ Hagaman said.”

    Um, our currency is nothing more than paper, representative of and backed by … nothing. This wasn’t always the case, but has been for 40 or so years since Nixon eliminated any precious metal backing in our monetary system.

    The Coinage Act of 1792 was the basis for our “dollar,” and was in fact enacted prior to the US Constitution.

    Now we know what a “dollar” is – 371.25 grains of pure silver.

    Who has the power to make “dollars?”

    Article I, Section 8: “The Congress shall have Power To … coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”

    Can we use anything other than “dollars,” or other official “money” as defined in the above act, as a medium of exchange?

    Article 1, Section 10: “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts”

    And why is any of this important at all?

  7. “Find out what happens next here…”

    What happens next is he is defrauded of one hundred dollars. “We gave you a counterfeit one hundred dollar bill. That is your fault!

    Chase are, of course, so poor that they cannot make good on their action? I cannot honestly call what happened a mistake, because a legitimate business makes good on mistakes.

    Look at the good side: Chase are receiving free publicity!

    • The story says he received a receipt showing Chase had credited his account with one hundred dollars. He is still out his wages, of course.

      Again, Chase got free publicity. That is good, for us!

    • Antipodeus says:

      If you read to the very bottom of the original article the above is linked to, you will see that the Chase bank ended up depositing $100 in his account (which, of course, is what they should have done in the first place, after they’d been informed, and been shown proof, that they’d issued a counterfeit bill by mistake).

      Question: If they hadn’t refunded the money, could/would they be open to charges of passing counterfeit currency? LEAVING ASIDE ALL DEBATE ABOUT THE LEGITIMACY OF FIAT CURRENCY, O.K.?

      • I kept thinking he should have reported Chase to the FBI, the FBI being where one reports such things. This is one of those things which “The internet never forgets”, so people would keep asking the FBI “What happened?“. Not receiving answers, the story would continue to grow.

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