If a bank cashes a check, it's got to be good, right? And if it's not, the bank will take care of it, right? Nope on both counts.

When a fake check bounces — which could take a few days or many weeks — you are responsible to repay your bank for any of the money you withdrew.

A businessman from Milwaukee, Wisconsin, said he was defrauded out of nearly $27,000 after scammers created fake checks impersonating his bank account.

If a bank cashes a check, it's got to be good, right? And if it's not, the bank will take care of it, right? Nope on both counts.