"You know, back in the 1950s and '60s, when J. Edgar Hoover was making the FBI the respected organization it used to be, oftentimes they would find a fugitive and basically have his house surrounded, and then put out a press release saying he was on the top 10 most wanted list. And 10 minutes later, he'd be arrested."

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Criminals look at identity theft and say only 1 in 700 criminals gets convicted of it. And they look at check forgery and they know that for every 1,400 forgers arrested, only about 123 get convicted and about 26 go to jail. So the rewards are great, but the risks are very slim. So that's one of the reasons that make it very popular.

— Frank Abagnale