Former illegal activities have made Frank William Abagnale, Jr., also known as Frank Abagnale, a household name. Now, he’s working as a security consultant and is CEO of Abagnale & Associates, LLC, which he founded in 2010. According to the most recent estimates, Frank Abagnale’s net worth has reached $10 million.
Leonardo DiCaprio plays Frank in Steven Spielberg’s 2002 film “Catch Me If You Can,” which is based on his life story and stars the actor. As a result of the film, Frank’s net worth has also risen. In the 1970s, Frank Abagnale was dubbed “the great deceiver” for defrauding banks of $2.5 million in falsified cheques. Now, he’s a well-respected expert on fraud and embezzlement, and he even lectures on the subject for the FBI. Born in Bronxville, New York, Frank Abagnale was raised by a French mother.
Frank William Abagnale Early Life
FrankWilliam Italian-American father. He was raised in New Rochelle, New York, for the first 16 years of his life. At the age of sixteen, his parents divorced. Before he was 21 years old, he escaped from police custody twice. Frank Abagnale’s parents divorced while he was a child, and Frank Jr. often accompanied his father on business trips. Frank, Jr. was exposed to a wide range of white-collar enterprises during this period. He started off committing minor offenses as a teen, but it wasn’t long before he graduated to more serious ones.
His father was his first victim, and he was barely 15 years old at the time of the attack. His crime spree was sparked when he used his father’s gasoline credit card and convinced the gas station attendant to give him a portion of his sale back in cash, allowing them to pocket a portion of the revenue. When Frank’s father received the credit card statement, the scheme came to an end. Forgery charges were filed against Frank shortly after he enlisted in the US Navy in December 1964.
After stealing a Ford Mustang from one of his father’s neighbors in Eureka, California, the next year, he was jailed for car theft again. A photo of Abagnale being questioned by an FBI agent was published in the local press. Writing fraudulent checks and impersonating everyone from doctors to pilots was his crime “sweet spot” that lasted until 1969 when he was eventually arrested.
After serving three of his imposed time for the crime, he was freed. Later, he was deported to Sweden and found guilty of grand fraud by forgery there. Frank was sentenced to two months in prison and barred from returning to Sweden for eight years, and he was also ordered to pay compensation to the victims of his crimes in Sweden, which he did not. When he was sent back to the US in 1970, he was deported.
He returned to the United States and began acting as a pilot, visiting college campuses and passing fraudulent checks while claiming he was there to recruit flight attendants for Pan Am. He pretended to be both a pilot and a doctor at the University of Arizona, where he examined numerous female students interested in joining flight crews. As soon as he started forging Pan Am checks in five different states, the FBI became aware of him.
Ten bogus Pan Am payroll cheques were cashed in Georgia in November 1970, and he was arrested. A few weeks later, he was discovered in New York City after escaping from a local jail. He received a ten-year term for check fraud and an additional two-year sentence for fleeing from prison.
His sentence at the federal prison in Petersburg, Virginia, had him serving two years of a three-year sentence before he was allowed out on parole. Frank refused to return to his father’s residence in New York, so the court decided on Houston, Texas, as the location of his parole.
Frank Abagnale’s Net Worth
Security consultant Frank Abagnale has a net worth of $10 million. He became one of the most infamous impostors of all time, claiming to have taken on no fewer than eight different personas during his career as a check forger and impostor. Filmmaker Leonardo Dicaprio based “Catch Me If You Can” on the biography of Abagnale. Leonardo Dicaprio plays Abagnale in the film.
In addition to his wife, Kelly, he has three children. Kelly proposed that she and Frank depart Tulsa when their children left for college. Charleston, South Carolina, is where the pair resides.