SALINA, Kan. (AP) The Salina business community has received some advice from the man who was the inspiration for the film “Catch Me If You Can.”
Frank Abagnale gained his expertise as one of the world’s most famous con men of the 1960s. The Salina Journal reported he spoke Thursday at a business security seminar and to the Salina Area Chamber of Commerce.
He says the best way to punish an embezzler is to file an IRS Form 1099 rather than a police report. He says the police and courts may well prosecute the crime, and the embezzler may be ordered to pay restitution but court-ordered restitution is rarely paid.
He says that one advantage of going to the IRS is that the business can write off the stolen amount.
