

#545: How Not to Get Scammed, Conned, or Duped
Sep 23, 2019
Frank Abagnale, a former con man turned fraud expert and author of "Scam Me If You Can," highlights alarming trends in scamming today, notably that millennials are more susceptible than seniors. He shares eye-opening insights into various scams—from romance to investment fraud—and reveals sophisticated tactics used by scammers. Frank emphasizes the importance of vigilance and education to protect oneself, discusses the rise of cryptocurrency scams, and explains why he's never trusted debit cards. A must-listen for safeguarding personal finances!
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Early Life of Crime
- Frank Abagnale ran away from home at 16 and had to survive on the streets.
- He altered his driver's license to appear older and began writing checks, eventually leading to a life of crime.
From Con Man to Consultant
- After being imprisoned in France and Sweden, Abagnale was offered a deal by the U.S. government.
- He would work for a federal agency in exchange for his release, leading to his long career at the FBI.
Technology's Impact on Scams
- Scams remain fundamentally the same, but technology makes them easier and more impersonal.
- Modern scammers can operate remotely, eliminating emotional barriers and increasing their potential reach.