Matthew Cox | Inside True Crime Podcast
From FBI’s Most Wanted to Scam Expert | Cybercriminal Exposes Modern Scams
Wed, 18 Dec 2024
Matt and Brett talk about many scams including chargebacks911 and Frank Abagnale. Brett's Channel https://www.youtube.com/@UCu9abuJiEXwNPecsZGqHXpQ Follow me on all socials! Instagram: https://www.instagram.com/insidetruecrime/ TikTok: https://www.tiktok.com/@mattcoxtruecrime Do you want to be a guest? Send me an email here: [email protected] Do you want a custom "con man" painting to shown up at your doorstep every month? Subscribe to my Patreon: https: //www.patreon.com/insidetruecrime Do you want a custom painting done by me? Check out my Etsy Store: https://www.etsy.com/shop/coxpopart Listen to my True Crime Podcasts anywhere: https://anchor.fm/mattcox Check out my true crime books! Shark in the Housing Pool: https://www.amazon.com/dp/B0851KBYCF Bent: https://www.amazon.com/dp/B0BV4GC7TM It's Insanity: https://www.amazon.com/dp/B08KFYXKK8 Devil Exposed: https://www.amazon.com/dp/B08TH1WT5G Devil Exposed (The Abridgment): https://www.amazon.com/dp/1070682438 The Program: https://www.amazon.com/dp/B0858W4G3K Bailout: https://www.barnesandnoble.com/w/bailout-matthew-cox/1142275402 Dude, Where's My Hand-Grenade?: https://www.amazon.com/dp/B0BXNFHBDF/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1678623676&sr=1-1 Checkout my disturbingly twisted satiric novel! Stranger Danger: https://www.amazon.com/dp/B0BSWQP3WX If you would like to support me directly, I accept donations here: Paypal: https://www.paypal.me/MattCox69 Cashapp: $coxcon69
Chapter 1: What insights does a former con man share about modern scams?
I know something's wrong when someone tells me about a scam and then my first thought is, nice, are you serious? And then I have to catch myself and go, oh wait, hey, whoa, whoa, wait a minute. Don't get to the manager. She's doing this with the ID. Oh, that's, that's, am I, why am I sweating? They pull up your credit card and they go, huh?
And I go, you know, it's everything in me not to go, what? He realizes, wait a second.
I haven't been sentenced yet.
I got caught, like, mid-act. It was actually a Buccaneers cheerleader. I mean, when am I going to get a chance to hit a Buccaneers cheerleader? Buccaneers cheerleader. You got to. I mean, to me, that's like a, you get a pass. I mean, remember, stranger danger. You know, I feel like that book will lose me a lot of people. People will read that and be like, you've got some issues.
Like, it's not, I mean, it is hilarious, though. But it's, yeah, it's disturbing to me. I watched a video of mine the other day, and I thought, damn. You subscribed to your own video. You're good. You should be huge. Yeah, I feel like this should go on its own. This is not what we're here to talk about. This is not what we're talking about.
Well, okay, so we're here to talk about the apathy I'm going through right now, right? Yes. The disappointment, all that bullshit. So... A few things, man. It's like, you know me, I'm the guy who calls out bullshit. I've made a career these days of calling out the bullshit that's going on, both on the bad guy's side and with companies and everything.
So recently, it started with, it started before that, but it started with Blue Acorn and Womply. So there's been a few reports that both of these fintech companies helped to facilitate. What is a fintech company? So not a traditional financial institution, which you are more than familiar with. So this is like PayPal, the people who aren't traditional banks but do banking-type business.
Okay. Would also like payday loans and where they cash advances?
It depends on if they're more online. So you do have some fintech companies that do the payday type stuff that aren't brick and mortar. Okay. So it's more internet based.
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Chapter 2: What is the role of fintech companies in facilitating fraud?
So what year was this you were doing this?
I mean, this was 2000 and up to 2000, 2000, late 2006. OK, but I mean, that same system, same system. Exactly.
It got easier after 2011. Yeah, I see in fraud that was going on.
I was easier at that point. I was going to say, listen, now you can go online and just like. I used to have to make my W-2s and PAs. I used to have to know some math. Now you don't have to know anything. It's like, how much do you make an hour? I don't know. Was it $30? How much does that come to? Oh, 40 hours a week. It'll populate everything for you.
So, and I want to talk about, I want to move over into how criminals actually act in a little bit. But what I wanted to ask you about is how do you fix that problem where you've got these assholes that... care more about putting money in pocket than they do about stopping the problems that are, in your case, literally right in front of them.
I would think some kind of a benefit to them. Like if you were going to make money on reporting that fraud and if it was prosecuted or even catching it, maybe they would. But there's no benefit for him to catch that fraud, that broker to catch that fraud, or even let's say the employees that knew what was going on in those companies that clearly see it, that they know what's going on.
For them to say something isn't beneficial to them. They lose their life or they lose their job. Most likely there's an investigation. It costs them tons of money to go meet with the FBI. They lose days at work. They lose all these things. They get labeled as a snitch or the person that brought this company down. The whistleblower laws are bullshit. Like they don't almost nobody.
Every whistleblower is always screwed up.
Yeah, they're always screwed over. So if you actually utilize the whistleblower laws that are already on the books and gave people 10 percent and gave them this much money and and gave them. incentive to turn to to actually follow the laws that are already there, then I would think that people would start. Then I'd be looking for fraud. Well, sure. I want to find some fraud. It's quick.
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Chapter 3: How does the pandemic impact fraud and stimulus programs?
oh that's nice yeah since in two days so in just over two days over 30 000 years right on a on a on a stream yard but that we did it like a month or so ago and then after like just as we did it he called he got like he he realizes wait a second i haven't been sentenced yet And so I'm sitting there talking to him. Like, we were still on the thing. I turned off the recording.
Or did you hear that conversation? Or had I shut off the recording?
No, I shut it off.
He asked me. Yeah, I did shut it. Because I remember he goes, are you recording? I said, no, I shut it off. He goes, yeah, listen, the more I think about this. He goes, can you hold this for a little bit? And I was like... And keep in mind, too, as he's telling the story, like, I don't hear the whole two-hour story. Like, I heard some pieces of it. Sounds good. He sent me some documents.
I read them. It looks legit. Let's go. Like, I'm not, you know... I'm not Woodward and Bernstein here. I mean, this is a fucking YouTube show. So I was like, yeah, let's do it. So as he's talking, I start to realize like he was raided. They arrested him. He got out. He this, he that. And I'm like, okay, so when are you? So what did you get? He's like, oh, I haven't been sentenced yet.
I'm thinking. And here you are talking about this shit. And we kept talking because I thought.
something something he's gonna say something something's gonna happen i was like so you haven't been sent no no my lawyer's saying i'm gonna get this much time blah blah blah and i was like okay when is your ass out if i hear this yeah when are you getting sentenced and then so once we shut it off he starts thinking about it he goes yeah listen i'm thinking about this uh matt i'm i'm uh maybe yeah can you hold this now that i think about it and i was like he was because
I would really hate to be being sentenced and they start playing this. And I was like, yeah, that might be an issue. That might be. But he ended up, so it was so funny as he ended up contacting me, whatever, what, a week ago? Like a week ago. So it had been like two, almost three weeks. And he contacted me and said, hey, I was sentenced. And he said, no, you got five years.
He got the minimum mandatory minimum. Like, like keep in mind, they couldn't, it's through the internet. So they had ordered some stuff from him, tracked it back and rated it as off.
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Chapter 4: What are the deceptive practices used by Chargebacks911?
Chapter 5: How does Frank Abagnale view his past and current life?
Let's assume that, I said, they don't have the budget to hire
to hire people like you at a hundred thousand dollars i said and you go out and you try and get a job in a bad economy and you can't you find yourself and your two kids living in your car with no support from anybody i said and there is a loaf of bread four feet inside of the supermarket front door i said if you steal that loaf of bread your kids live another week i said you wouldn't do it i
I go, the difference between you and me, I said, is my the bar for committing crime. For me, it's just lower than yours. Right. I mean, everybody will do it.
Yeah.
Yeah, I don't have to, if I'm willing to do this, I don't have to live in my car anymore. That's exactly right. My kids deserve better. So here's the other question is where, and this always kills me too, is they're like, well, man, when you were on the run, you must've been like, were you scared all the time? Were you worried? Was it horrible? And I always say, and I know this is the wrong one.
I'm always like, bro, honestly, like the best, the best period of my life was being on the run. I loved being on the run. Have you read Shantaram or not?
No. So Indian guy, I'm sorry, Australian guy, true story, but he novelizes it. He escapes from an Australian maximum security prison or I'm sorry, New Zealand maximum security prison. Makes his way to India and starts running black markets for medical goods, everything else like that.
But he talks about that escape and being on the run and how every single day was like the highest day of his life because he's free. He's beat the system again another day, everything else. And so with me, it was. I took a road trip. I did the Route 66. Right. And I spent a lot of time in Vegas, a lot of time out in L.A.,
but every single day i mean it was very lonely but at the same time it was like i'm beating the system every day yeah it's just you and your wits against everything there's no there's no something goes wrong there's nobody i can call that's it so i i've got no help i have to figure out how to do every single thing by myself and see but that's the thing right i mean the
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