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06-11-2019, 08:14 PM
âCarrying these things in your wallet is a big mistake,â warns fraud expert and ex-con artist
Frank Abagnale
Published Tue, Nov 5 201910:57 AM EST
Updated Tue, Nov 5 201911:40 AM EST
To identify thieves, a recycling bin, a mailbox, a parked car or a lonely purse left behind on a church pew are like all-you-can-steal buffets.
Names, addresses and ID numbers are right there for the taking. Iâve seen it all, and believe me: They do get taken.
For more than 45 years, Iâve worked with the FBI, along with hundreds of financial institutions, corporations and government agencies to help fight fraud. But my expertise began more than 50 years ago, in an unusual way: I was one of the worldâs most famous con artists.
Iâm not proud of the things I did, but my story, which is depicted in my 1980 memoir, âCatch Me If You Can,â gave me the opportunity to educate people of all ages on how to prevent themselves from getting scammed.
It can happen to anyone, anywhere
The ïŧŋmost common form of identity theft is when someone uses another personâs information for financial gain. Often, this happens when a purse or wallets get stolen.
Carole Crane, considered one of the most prolific identity thieves in the Portland, Oregon area, is known for rifling through handbags in churches, preschools and doctorâs offices â all places where people often let down their guard.
She took the information she found and created fake credit cards, driverâs licenses and bank accounts for herself and her associates. Craneâs gang victimized more than 50 people and 50 banks and stole nearly $200,000, according to an FBI press release.
Carrying these things in your wallet is a big mistake
The theft of a wallet is unnerving, to say the least, and itâs a huge burden for many: Victims must notify the police, banks, credit card companies, DMV, health insurance carrier, Social Security Administration and so on.
But there are measures you can take to limit those hassles. The first step is to avoid carrying these things in your wallet:
1. Too many credit and debit cards.Â
2. Social Security card.
3. Checks.Â
4. Bank deposit slips.Â
5. Gas station and ATM receipts.Â
More details in https://www.cnbc.com/2019/11/05/carrying...gnale.html
Frank Abagnale
Published Tue, Nov 5 201910:57 AM EST
Updated Tue, Nov 5 201911:40 AM EST
To identify thieves, a recycling bin, a mailbox, a parked car or a lonely purse left behind on a church pew are like all-you-can-steal buffets.
Names, addresses and ID numbers are right there for the taking. Iâve seen it all, and believe me: They do get taken.
For more than 45 years, Iâve worked with the FBI, along with hundreds of financial institutions, corporations and government agencies to help fight fraud. But my expertise began more than 50 years ago, in an unusual way: I was one of the worldâs most famous con artists.
Iâm not proud of the things I did, but my story, which is depicted in my 1980 memoir, âCatch Me If You Can,â gave me the opportunity to educate people of all ages on how to prevent themselves from getting scammed.
It can happen to anyone, anywhere
The ïŧŋmost common form of identity theft is when someone uses another personâs information for financial gain. Often, this happens when a purse or wallets get stolen.
Carole Crane, considered one of the most prolific identity thieves in the Portland, Oregon area, is known for rifling through handbags in churches, preschools and doctorâs offices â all places where people often let down their guard.
She took the information she found and created fake credit cards, driverâs licenses and bank accounts for herself and her associates. Craneâs gang victimized more than 50 people and 50 banks and stole nearly $200,000, according to an FBI press release.
Carrying these things in your wallet is a big mistake
The theft of a wallet is unnerving, to say the least, and itâs a huge burden for many: Victims must notify the police, banks, credit card companies, DMV, health insurance carrier, Social Security Administration and so on.
But there are measures you can take to limit those hassles. The first step is to avoid carrying these things in your wallet:
1. Too many credit and debit cards.Â
2. Social Security card.
3. Checks.Â
4. Bank deposit slips.Â
5. Gas station and ATM receipts.Â
More details in https://www.cnbc.com/2019/11/05/carrying...gnale.html
Specuvestor: Asset - Business - Structure.
