Banks are so protected from liability they would have to really do something that was their mistake in order for them to be liable for it. Banks don't look at signatures. They're processing millions of checks and they have very little liability.
Frank AbagnaleTwo little mice fell in a bucket of cream. The first mouse quickly gave up and drowned. The second mouse, wouldn't quit. He struggled so hard that eventually he churned that cream into butter and crawled out. Gentlemen, as of this moment, I am that second mouse.
Frank AbagnaleMy proudest moment was probably when my oldest boy finished law school and went on to become an FBI agent. It was just beyond my imagination that - with my background - my own son would become an FBI agent.
Frank AbagnaleCriminals look at identity theft and say only 1 in 700 criminals gets convicted of it. And they look at check forgery and they know that for every 1,400 forgers arrested, only about 123 get convicted and about 26 go to jail. So the rewards are great, but the risks are very slim. So that's one of the reasons that make it very popular.
Frank AbagnaleI always tell people what I did 50 years ago as a teenager is now 4,000 times easier to do today than when I did it. Technology breeds crime - it always has and it always will. There's always going to be people willing to use technology in a negative, self-serving way. So today it's much easier, whether it's forging checks or getting information. People go on Facebook and tell you what car they drive, their mother's name, where you are going on vacation, where you've been on vacation. There's nothing you can't research in a matter of a couple of minutes and find out about someone.
Frank Abagnale