Frank Abagnale
A design innovation today, that has helped in the making of history would be the designs placed on cash and cheques in order to avoid forgery and fraud. By placing watermarks.
http://www.getentrepreneurial.com/images/cash-loan.jpg
History
Frank Abagbale, played a significant role in history, making it harder to use forgery and fraud to get money. In the 1960’s, at the age of 16, Frank Abagnale was able to cheat the cheques system. Frank would gain profit by printing out his account number onto a blank deposit slip and adding them to the real one. By doing so, he was able to collect $40,000 but as soon as the bank was able to tell it was a fake as the cheques kept bouncing, he would soon after change his identity. From identities as a school teacher, to a pediatrician and even a lawyer, Frank would keep changing his identities in order to forge his way around. It took a long time to catch him but after several years, Frank was then hired by the FBI in order to help prevent fraud and theft with cash and cheques. He was able to create special markings such as water marks, which are hidden on cheques and cash which can be revealed through LED lighting. Frank Abagnale became really big in the fraud company. Soon having a film biography on his story called “Catch me if you can” with Leonardo Di Caprio.
Culture
· People are getting smarter on forging. Always finding new ways or loops in creating ways to cheat the cheque system. It is harder to carbon copy them
.
http://thecia.com.au/reviews/c/images/catch-me-if-you-can-poster-1.jpg
Technological changes
· Technology advances so people are able to find their way around and find solutions in fraud and forgery.There are more advanced technologies that are able to find whether cheques and cash are fake or not. Machines and lighting have been created in order to scan and identify whether cash or cheques are real.
Political
· By cheating the system, everyone, including the politicians were affected. Money escaping under their noses. This made them begin to wonder, that if a 16 year old boy was table to cheat the cheque system, other criminals were able to do the same and there would be a greater loss in money.
Social
· Using scam, individuals may loose a large amount of moneys. The largest amount lost to an individual would be $5,000
· Frank Abagnale wasn’t just scamming cheques but also pretended to be of different people, like doctors, lawyers. This shows how cheques and cash could be stolen through fraud and forgery as people may steal the identity of you and be able to take money out in your name.
http://www.chasingthefrog.com/reelfaces/catchmeifyoucan/frank.jpg
Economic
Because of fake cheques and cash being used, people would loose a large sum of money.The economy could loose billions of money due to fraud. People from other countries could steal money and not be caught because of diplomatic immunity or being able to escape to from idenity fraud in another country. In both cases, there would be a great loss in money.

