I hope my reply not a hijack but it applies to this thread. If so, I'll delete.
Well, if you speak with the bank and explain the situation and if it involves fraud on the other person's part, they will stop it for you.
Back in 1989 I bought a Kubota
M6950 tractor from a small dealer in rural Maine. It had 1200 hours on it and the dealer said he sold it new and took it in trade from a local light-use guy. It looked great; new tires, loader. Now, I am extremely thorough in my purchases, can engage in conversation and not leave loose ends. I paid attention.
Except this time. Normally I would have contacted the prior owner and crawled underneath but I was in a suit. Plus, I was a locally well-known guy and usually got treated right since I had a public forum and could impact others. I was well liked but a regular guy and nobody screwed with me.
Since the dealer was local, I accepted what he told me as fact and took his word. I wrote a $17,500 check and had him deliver it. When I got home and looked closer, something was odd. The hour meter numbers didn't line up and there were leaks and use not typical of a light duty tractor. Oil blow-by. Huh?
I called a Kubota factory guy I knew and he checked the history of the tractor. Not only had it not come from this dealer but it was used for municipal mowing and snow removal in a Canadian town (think 25 below and plowing snow) and recently had tear-down warranty work done at nearly 4000 hours by the dealer I bought it from. It was all a lie.
I quickly called the bank, explained and substantiated the fraud and they put a hold on while I drove to sign the stop payment. While I was there
the dealer was at a different branch trying to cash the check. Later, that dealer apologized and wanted me to lift the stop and then he would pay me back to "save his reputation". Start whistling Dixie cause it ain't gonna happen.
Guy not in biz any more and I wasn't the first. Crooked is as crooked does.