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

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.

I live a much better life without having to worry about people chasing me. I spent five years in prison from 21 to 26, which is probably the best part of my youth behind bars. I was in some very bad prisons overseas as well. It was not a fun life, it was a very lonely life in reality. I was a smart enough kid to know that I was going to get caught. The law sometimes sleeps, but the law never dies. I knew it was just a matter of time. I would be caught and I'd get punished and face the consequences.

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

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."

If you happen to tell me where you were born, your date of birth and that kind of information, then I'm 98 percent of the way to stealing your identity.

Most people are fascinated by what I did as a teenager, but when I look back at my life, I don't think very much about those years. I was an opportunist and got away with things because I was very young, but I went to prison and came out and remade my life.