Illegal money making on the Internet. 1. Trading on ‘Not Publicly Known’ Information
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Hey, times are tough out there… The world is falling apart, and desperate times call for option by example measures. It might be time to get shady with it. Full disclaimer: This post is entirely for entertainment purposes, obviously. But even those of us on the up-and-up can learn a thing or two from the criminal world of fast money, easy money, and illegal side hustles.
Here are the 10 best: 1. Get rich with an illegal ponzi scheme. The classic Ponzi scheme is one of the oldest tricks in the book. With a Ponzi scheme, you promise investors out-sized returns. But instead of actually earning those returns, you just pay out profits using funds from newer investors.
While investors think the returns are from incredible product sales, your brilliant investing decisions, or some other means, the perpetrator of the Ponzi Scheme is literally just robbing Peter to pay Paul. The scheme was named after the conman Charles Ponziwho in the s, promised U.
His scheme was so wildly successful that he even got a front page feature on The Boston Globe, resulting in thousands of new investors lining up outside his office, ready to give Ponzi their money. This lead to another front page newspaper story.
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Except this time, it was about his history of fraud in Canada. Knowing he was about to be arrested, Ponzi turned himself in.
Not to be outdone, American investor Bernie Madoff resurrected the Ponzi scheme in the early s. He did a good job, too! Madoff is the current Ponzi Scheme champ, a title that also gives him the infamous title as the perpetrator of the largest financial fraud in world history. He was just writing them down on paper and then hoping his house of cards never fell.
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Total estimated cost of his fraud? Rob a bank. Is there a more cliche way to get rich illegally than pulling off a bank heist? Probably not. Which is why this strategy has wielded some of the wildest and craziest true stories money extra income. They almost got away with it too.
Despite the world knowing he was guilty, Lee Murray fled to Morocco, where he spent months living it up in a million dollar mansion and golden Mercedes-Benz, thanks to a strange extradition policy between the U.
Ina Reddit user hosted an Ask Me Anything where he confessed to getting away with numerous bank robberies before turning himself into authorities.
His master plan? In his own words: Q: What did you say to the teller? A: Walked in the bank and waited in line like a regular customer.
Hurricane Katrina and the tsunami were popular targets of scammers perpetrating charity scams; other more timeless scam charities purport to be raising money for cancerAIDS or Ebola virus research, children's orphanages the scammer pretends to work for the orphanage or a non-profit associated with itor impersonates charities such as the Red Cross or United Way. The scammer asks for donations, often linking to online news articles to strengthen their story of a funds drive. The scammer's victims are charitable people who believe they are helping a worthy cause and expect nothing in return. Once sent, the money is gone and the scammer often disappears, though many attempts to keep the scam going by asking for a series of payments. The victim may sometimes find themselves in legal trouble after deducting their supposed donations from their income taxes.
Whichever teller was available to help me is the one I robbed. There was no threat. I just told them what I wanted, and they complied.
Q: Where did you go after your escape?
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Sell illegal counterfeit goods. According to Forbes, counterfeiting is now the largest criminal enterprise in the world. How large? The most counterfeited brands? Ripping off electronics, toys, and cigarettes are also big money makers. Plus, the most dangerous counterfeit category of them all — pharmaceutical drugs.
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Most of the pill overdoses you hear about, including high profile cases like the deaths of Prince and Heath Ledger, can be traced back to counterfeit opioids. Rudy Kurniawan was a wine connoisseur known for his impeccable palate.
Supposedly, he could taste nearly any wine and immediately identify not only the type, but the exact maker and region of the wine. Hey, you gotta respect a guy that can make 2 buck chuck taste good! He then relabeled his cheap homemade blends with the stickers from prestigious winemakers, before selling them at auction for millions illegal money making on the Internet dollars.
To this day, there may be as many as 10, of his counterfeit bottles still in private collections. Become a drug dealer. Instead, he resorted to storing cash in old warehouses, inside the walls of his houses, and even in empty farm binary options with program. Not ideal. Play the lines like an illegal sports gambler.
Some famous gamblers, like Billy Walters, made a name for themselves by being one of the first gamblers to use computer analysis to illegal money making on the Internet his sports predictions. The result was a year winning streak that earned Billy millions of dollars, and eventually got him banned from Las Vegas casinos.
Other sports gamblers take a less glamorous approach. One of the most common strategies is to utilize arbitrage. That is, gamblers will look for less popular games or events and try to find discrepancies in the odds at various casinos. A minor league baseball game? Even better.
By laying strategically hedged bets at different casinos, a clever gambler can virtually guarantee a profit in certain instances. Easier said than done, for sure. Start Embezzling. Oh my, does anything signify white collar crime like a little good old fashioned embezzlement? The key factor to embezzlement?
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But once you start paying attention, the opportunity for embezzlement illegal money making on the Internet everywhere! Acting as treasurer to your volunteer church group? A good embezzler would surely skim a few bucks off the top for themselves. Running payroll for a large corporation? Consider adding a random friend or family member to start drawing unearned income against the company.
Instead of recording the sales, you just pocket the money for yourself. In fact, embezzlement in retail is so common that the industry has its own term for it. Become a spammer.
Spammers, how we all hate you… But the unfortunate truth is that spamming just makes a whole lot of business sense. While Depending on the price of your Viagra knockoffs or Nigerian prince requests, that can be extremely profitable.
Like Oleg Nikolaenko. This Russian National ditched the proverbial middleman which in the spamming business means the servers upon servers needed to email hundreds of thousands of poor email users and instead decided to develop malware that infected an estimateddifferent computers around the globe. The result was that by using the resources of his infected computers, this one dude was able to send up to 10 billion spam emails per day. One word of advice though.
The margins are just too low. PS — If you can adopt some broken English for your email messages, even better!
At this point, you might be wondering where these spammers even get the email addresses. Well, that usually comes from some binary options on btcon email list you signed up for years ago, who in desperate times decides to sell your contact info to the gray market. Hey, not all email subscriptions can be as awesome as the Money Wizard email newsletter!
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Become a hacker. Continuing with the theme of cyber-crime, if spamming is too low-brow for you, consider keeping things high class and becoming a hacker instead. In fact, many hackers actually make a ton of money, legally.
Department of Defense offer bounties to honest hackers who can exploit vulnerabilities in exchange for lucrative lump-sum payments, before the bad guys find them. But for those hackers unphased by some time in the clinker, things can get even more wild.
Pyramid schemes are a form of illegal money collection
One of the most notorious is the Carbanak Hackers. Some of their favorite techniques sound like something straight out of a movie: Hackers altered bank databases to pump up individual bank accounts, then siphon off the excess cash unbeknownst to the user.
They infected point of sale systems to lift credit card information from customers, then either go on unauthorized shopping sprees or sell the card details on the black market. They infected ATM machines with scripts that dispensed all their cash at specific times of day.
At the same time, money mules would be waiting nearby, ready to collect the slot machine style shower of dollar bills. Speaking of the last one. Sell your body. That said, this illegal side hustle pays for its incredible job security with a lack of physical security. Plus, the front-lines nature of this line of work makes you an easy target to get pinched by law enforcement.
That said, how much you make as a prostitute will depend greatly on your marketing skills. Or even just a pack of smokes.
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As with any business, marketing is everything! Unfortunately, most pimps rely on psychical and psychological abuse to manage their employees. In his memoir covering four decades in the business, legendary pimp Iceburg Slim explains the intricate psychological abuse he employed while managing up to women at a time.
And when all else failed, he recounts beating his employees with wire hangers. Pimp: The Story of My Life by Iceburg Slim Finally, why trying to get rich quick illegally is actually a really, really bad side hustle idea… Obviously, I wrote this post for fun. It should go without saying that illegal side hustles and illegal jobs are definitely NOT the best ways to get rich.