Today's Big Stories

Reformed Con Artist talks fraud prevention

Frank Abagnale made $2.5 million in the 1960s as a teenager faking identities as an airline pilot, lawyer and doctor and inspired the movie _Catch Me if You Can _is in the country to attend a fraud prevention conference hosted by Experian.

Abagnale had a chat with to Udo this morning (in for John Robbie) about fraud and how he has used his personal experience as a con artist for fraud prevention.

Abagnale says he started being a con artist when he ran away from a broken home at age 16 and ended up in New York. In his early days he managed to impersonate an airline pilot, a lawyer, a college professor. He was arrested at 21 in France, after serving 4 years in a federal prison the US government released him on condition that he work for the government.

He's spent the 40 years working with the FBI and is now Chief Executive of Abagnale & Associates.

What's amazed me is how easy fraud has become with technology than when I did 50 years ago. Make it difficult for people to steal from you. You have to be a smarter consumer today and a smarter businessman.

Frank Abagnale, Chief Executive of Abagnale & Associates and former Con Artist

This article first appeared on 702 : Reformed Con Artist talks fraud prevention


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