The former police chief of Houston once said of me: "Frank Abagnale could write a check on toilet paper, drawn on the Confederate States Treasury, sign it 'U.R. Hooked' and cash it at any bank in town, using a Hong Kong driver's license for identification."

Criminals 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.

In the old days, a con man would be good looking, suave, well dressed, well spoken and presented themselves real well. Those days are gone because it's not necessary. The people committing these crimes are doing them from hundreds of miles away.

My 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.

If my forgeries looked as bad as the CBS documents, it would have been "Catch Me In Two Days."

What I did in my youth is hundreds of times easier today. Technology breeds crime.

If you believe you have a foolproof system, you've failed to take into consideration the creativity of fools.