Fraud is 4,000 times easier to commit today than 50 years ago: 'Catch Me If You Can''s Frank Abagnale

Former fraudster Frank Abagnale revealed the lack of punishment for criminality Saturday on "One Nation."

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[T]he problem with the unemployment insurance, [Paycheck Protection Program], the government gave $860 billion to the 50 states but said they were not liable for any fraud that may occur. So the states had to go hire hundreds of people to disperse that money, and they weren’t checking anything. You could simply say you work somewhere, you earn so much, and take someone’s identity; no one ever checked it out. So criminals realized, "Who has all the money?" The government. "Who is the easiest person to steal from?" The government. So the government’s become a big target of criminals and just everyday people because they know that they can do it, and they know they can get away with it, and the government does very little to prevent it. No bank or company in America could exist losing $80 billion to fraud. They’d go out of business. But the government continuously does that with Medicare fraud, unemployment fraud, the PP[P] fraud.