Someone I don't know approached me in the parking lot at Bank Of America In Los Angeles CA asking me to cash a check for her because she didn't have an account. She said it was her financial aid money. At first I said no, but then I agreed. The check was for 4, 945 and the bank teller cashed it for me. I handed over the envelope and as we were leaving she gave me $20 dollars and said thank you. I started to feel weird about it, and went back to the bank and asked them to check on it to see if it was a fraudulent check. Turns out it was a stolen check. The supervisor said eventually this check will be returned to bank of america, and I will owe the bank that amount of money($4,945) I filed a police report at the local branch, and told the bank what was going on. However, as soon as the check comes back from the issuing bank, BofA will start to come after me for the money. I am currently unemployed and I have no idea how I could pay this money back. I'm not sure if I have any legal recourse. Is there anything I can do so my credit isn't ruined by this? I am trying to open my own business in the near future, and I need my credit to continue to be rated highly.
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