Now in this video I’m going to break down 7 illegal ways to make fast money, and I guarantee you know someone already doing this. Because it’s pretty normal, illegal, but not normal. I’m going to break down the pros and cons.
Do not try this. Honestly I’m serious. There are a ton of ways to make money legally, and you don’t need to risk your life to make money like this.
7 illegal things people do to make fast money | Do not try this
1. Tax evasion: Not paying taxes on what you truly made ( a lot of ways to do this legally by the way)
– Pro is you pay less taxes by saying you underperformed this year, a lot of cash business do this because it’s very hard for the ira to track their earnings
– Con: Saying you don’t make a lot of money means you can pocket more money, however banks only lend based on what you report. ( very hard to get qualified for them you should be qualified for) example real estate
Then you also have: You get a felony, prison time of no less than 5 years, fine no more than 250k individual and corporation 500k, plus the cost prosecution
Tip: Now if you made a mistake, then that’s different is more like negligence
-2. ATM Fraud: Atm reimbursement, they get a bunch of people to use the atm and set a high sub charge and get money every day from it ( This also the fake card reader that steal your info, however that another video for another day)
– Pro: fast money and no cost to the person doing, only a high cost to the corporation ( However most customers have no idea about this stuff, so its just a part of doing business
-Cons: If the business checks that you are just depositing and taking out the same amount that looks very similar to money laundering, and they could contact the FBI and you would have some explaining to do