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"I had as much knowledge as any man alive concerning the mechanics of forgery, check swindling, counterfeiting, and other similar crimes. Ever since I'd been released from prison, I'd often felt that if I directed this knowledge into the right channels, I could help people a great deal. Every time I went to the store and wrote a check, I would see two or three mistakes made on the part of the clerk or cashier, mistakes that a flimflam artist would take advantage of. . . . In a certain sense, I'm still a con artist. I'm just putting down a positive con these days, as opposed to the negative con I used in the past. I've merely redirected the talents I've always possessed. I've applied the same relentless attention to working on stopping fraud that I once applied to perpetuating fraud."
In Catch Me if You Can, Frank W. Abagnale recounted his youthful career as a master imposter and forger. In The Art of the Steal, Abagnale tells the remarkable story of how he parlayed his knowledge of cons and scams into a successful career as a consultant on preventing financial foul play--while showing you how to identify and outsmart perpetrators of fraud.
Technology may have made it easier to track down criminals, but cyberspace has spawned a skyrocketing number of ways to commit crime--much of it untraceable. Businesses are estimated to lose an unprecedented $400 billion a year from fraud of one sort or another. If we were able to do away with fraud for just two years, we'd erase the national debt and pay Social Security for the next one hundred years. However, Abagnale has discovered that punishment for committing fraud, much less recovery of stolen funds, seldom happens: Once you're a victim, you won't get your money back. Prevention is the best form of protection.
Drawn from his twenty-five years of experience as an ingenious con artist (whose check scams alone mounted to more than $2 million in stolen funds), Abagnale's The Art of the Steal provides eye-opening stories of true scams, with tips on how they can be prevented. Abagnale takes you deep inside the world and mind of the con artist, showing you just how he pulled off his scams and what you can do to avoid becoming the next victim. You'll hear the stories of notorious swindles, like the mustard squirter trick and the "rock in the box" ploy, and meet the criminals like the famous Vickers Gang who perpetrated them. You'll find out why crooks wash checks and iron credit cards and why a thief brings glue with him to the ATM. And finally, you'll learn how to recognize a bogus check or a counterfeit bill, and why you shouldn't write your grocery list on a deposit slip.
A revealing look inside the predatory criminal mind from a former master of the con, The Art of the Steal is the ultimate defense against even the craftiest crook.
From the Hardcover edition.
There's this thing they always say about con men: they live a chameleon existence. Read the first page
Concordance
Front Cover | Copyright | Table of Contents | Excerpt
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Customer Reviews
At times it seems that the author can't stop writing on a particular subject as he just keeps giving example after example of a particular fraud but, don't let that put you off as every example is relevant.
Frank Abagnale is so knowledgable and having been a con man, is fully qualified to write on the subject.
Frank sounds like a likable guy, that is if a con-artist can ever really be one!
Plenty of other helpful tips to stay safe.
Would recommend it, no typos that I could find and is fairly up-to-date on most of the subjects he covers
Cheers
Among the frauds that Abagnale describes are: credit card fraud, check fraud, embezzlement, counterfeit fraud, ATM fraud, brand-name fraud, and for all of you reading this, Internet fraud. He also discusses Indentity theft as the most important fraudulent trend of the 21st century.
I particulary enjoyed the dry and often humorous tone of this book. It is so typical of Abagnale. If I had one complaint about the book it would be that there were not enough preventive measures discussed. I wanted more.
Did this book change the way I live my life? Absolutely. I have changed many of my practices to help prevent fraud in my daily dealings. A book that can motivate someone to do that, has to have value. When it comes down to preventing fraud, knowledge is key. I therefore recommend this book to all. May we become smarter, more aware, and minimize the impact of fraud in our lives.
At times it sounds like he is gloating about his cons, but that is a small price to pay to get his explanations about how some of these cons work. His outline of one cash register scheme was so incredible to me, I had to act it out with play money to my wife.
This is a short read, but a blast to someone who enjoys learning about how the other side works.
In his new book, "The Art of the Steal," Abagnale explains that fraud is big business and everyone is affected by it. The billions lost by businesses as a result of fraud are partially recovered by raising consumer prices. Fraud is more common today than ever before, with the growth of the Internet and other forms of modern technology. Today, it is easier than ever to print checks that look like the real thing and to create false identity papers. In addition to counterfeit money, counterfeit goods (including medicines and baby formulas) flood the market. Ponzi and pyramid schemes and other investment scams are still going strong.
Why is "The Art of the Steal" an important book for consumers and businessmen? Unfortunately, most people are complacent about security issues, and we don't take even the most obvious steps to protect ourselves from frauds and scams. Abagnale encourages us to be more careful about giving away important personal information over the Internet or the telephone. He warns us to shred personal papers before throwing them in the trash, and to be aware that if an offer appears too good to be true, that it probably is a scam. He also explains how businesses can avoid becoming the victims of embezzlers. Statistics show that embezzlers steal over $100 billion dollars a year from their employers.
The only negative I have about "The Art of the Steal" is that it is written in a dry and pedestrian manner, with a number of grammatical mistakes that the editor did not catch. However, the quality of the writing aside, "The Art of the Steal" is a worthwhile book. Considering the necessity of protecting ourselves from the myriad types of fraud and scams that are out there today, it is important for all of us to be more knowledgeable and circumspect about security issues.
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