Legitimate Jobs
In 1974, after he had served less than five years, the United States federal government released him on the condition that he would help the federal authorities without pay against crimes committed by fraud and scam artists, and sign in once a week. Not wanting to return to his family in New York, he left the choice of parole up to the court, and it was decided that he would be paroled in Texas.
After his release, Abagnale tried several jobs, including cook, grocer, and movie projectionist, but he was fired from most of these upon having his criminal career discovered via background checks and not informing his employers that he was a former convict. Finding them unsatisfying, he approached a bank with an offer. He explained to the bank what he had done, and offered to speak to the bank's staff and show various tricks that "paperhangers" use to defraud banks. His offer included the condition that if they did not find his speech helpful, they would owe him nothing; otherwise, they would owe him only $500 with an agreement that they would provide his name to other banks. The banks were impressed by the results, and he began a legitimate life as a security consultant.
He later founded Abagnale & Associates, which advises businesses on fraud. Abagnale is now a millionaire through his legal fraud detection and avoidance consulting business based in Tulsa, Oklahoma. Abagnale also continues to advise the FBI, with whom he has associated for over 35 years, by teaching at the FBI Academy and lecturing for FBI field offices throughout the country. According to his website, more than 14,000 institutions have adopted Abagnale's fraud prevention programs.
He lives in Charleston, South Carolina with his wife, whom he married one year after becoming legitimate. They have three sons, including one who currently works for the FBI.
Abagnale and Joe Shea, the FBI agent on whom the character of Carl Hanratty was based for the film Catch Me If You Can, remained close friends until Shea's death.
Read more about this topic: Frank Abagnale
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