is all for the purpose of teaching you how to avoid becoming a victim of fraud. For I strongly believe that punishment for fraud and recovery of stolen funds is so rare today that prevention is the only viable course of action.
Above all, the thing to remember is that nothing is foolproof. Every form of payment has an inherent risk in it. Every system has a flaw. Every system has been designed by a man or woman, and that means a man or woman can defeat it. Sherlock Holmes said it best: "What one invents, one will discover." And, you can be sure a man or woman will defeat it. I can only laugh when someone says to me that this electronic system is foolproof, you can't beat it. That's a ridiculous statement. Someone had to create it, so obviously someone can defeat it.
I do recognize that by revealing how scams work, I run a risk. During my career, I have never conducted seminars open to the general public, but always under the sponsorship of an association, a company, or a financial institution. I hope, when you read this book, you see it as a useful educational tool for a business person or a consumer. I, with a criminal mind, know that some will see it as a bible and a great instructional book for the amateur forger. In order to educate the masses, though, I feel it's worth taking that risk. Why should only the criminals know the tricks?
Fraud goes on every day, in every city, all over the world. Practiced today by increasingly wily criminals, fraud is incredibly complex, and full of nuance and creativity. Businesses and consumers have never been more vulnerable. To more and more people, fraud is no longer an abstraction but an act with a face and a name. The most effective strategy to prevent it is to make things difficult and complicated enough to raise a murmur of distress from the crook. That way he'll decide it's not worth the effort to try and take advantage of you.
A criminal always looks for the easiest path to riches. At my house, I have a security camera and security system, and after dark the place lights up like Yankee Stadium. A burglar takes one look at my house and heads to the next block. It's the same thing with a forger or a con artist. He'll search for the easy mark. So let's learn how to keep it from being you.
Chapter 2
[LOOKING FOR MR. GOODCHECK]
A few years ago, a man double-parked his rental car in Miami and was given a parking ticket. He was from Argentina, visiting on vacation. He stuck the parking ticket in his briefcase and it went back with him to Argentina. While he was unpacking his luggage, he came across the ticket. The fine was twenty dollars. He searched around in his pockets and found that he still had some leftover U.S. currency. He stuffed a twenty-dollar bill and two singles in the envelope along with the ticket, sealed it, and mailed it to the Miami city clerk.
When the city clerk opened the envelope, he noted that the man had overpaid by $2.00. Instead of sending him the $2.00 back, the city mailed him a check for $2.00. When the man opened the envelope and found the check, he thought it was too good to be true. He took that check, scanned it into his computer and changed the amount to what he deemed was a more appreciative refund - $1.45 million. He printed out the corrected check and deposited it in a bank in Argentina. The city of Miami dispenses many checks for more than $1 million, and so it was paid without question. Because we don't have extradition rights with Argentina, the man got away with it. He became a millionaire from a twenty-dollar parking ticket.
Since he was never caught, I can only speculate on the actual mindset of the Argentinian. But I happen to think the guy was doing this little caper as a lark, just to see if he could get away with it. Obviously, since he knew the mechanics of how to forge a check, he had to be at least a little bit crooked. But I sort of doubt that he ever imagined he could succeed at something so outrageous; he just couldn't believe that forgery had become so easy.
Oh, but it has.
THE TRULY NOTEWORTHY NEWS
Despite the fact that we read a lot of stories