In 1974, after he had served less than five years of his 12-year sentence at Federal Correctional Institution in Petersburg, Virginia, the United States federal government released him on the condition that he help the federal authorities, without pay, to investigate crimes committed by fraud and scam artists, and sign in once a week.[
He later founded Abagnale & Associates, based in Tulsa, Oklahoma,[22] which advises companies on fraud issues. Abagnale also continues to advise the FBI, with whom he has associated for over 40 years, by teaching at the FBI Academy and lecturing for FBI field offices throughout the country. According to his website, more than 14,000 institutions have adopted Abagnale's fraud prevention programs.