Matthew Cox | Inside True Crime Podcast Career Fraudster Steals Millions | Stolen Checks, Cars, & Homes
Dec 7, 2025
Peter Falcon, a former career fraudster, shares his astonishing journey through millions of dollars in scams. He discusses early experiments with check fraud and the cunning tactics behind debit-card thefts. As he evolved into real estate fraud, Falcon details exploiting transfer-on-death deeds and forging documents to manipulate property ownership. His thrilling tales also cover police chases, close calls with investigations, and the eventual fallout of his actions. With raw honesty, he reflects on the cost of his life of crime and its impact on his relationships.
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Friends Burned By Fake Check Scheme
- Peter Falcon recruited friends to deposit stolen checks, gave small kickbacks, and left their accounts overdrawn when checks bounced.
- He admits the scheme burned relationships and left many unable to bank afterwards.
Banks' Quick Refund Window Can Be Abused
- When exploiting banking rules, scammers timed ATM withdrawals and used fraud claims to force banks to refund victims quickly.
- They relied on banks' short investigation windows and Electronic Fund Transfer protections to recover cash fast.
Stealing Payroll Checks From Mailboxes
- Peter moved from check fraud to stealing payroll checks from mailboxes to deposit legitimate-company checks into burner accounts.
- That method gave more cash up front but still resulted in bounced checks and flagged accounts later.