10 Illegal Ways To Save Money | Its Not Worth It

So I learned my lesson when a friend told me how serious something so small could be. And I guarantee at least 80% of you have done this. I use to do the water Cup Scam.

This Means I would go to X restaurant, ask for a free water cup and then used the water cup to get me some lemonade. I thought this was harmless until my friend called me out and told me that can be considered petty theft, and imagine trying to get a job with that on your record.

Now Before I start this video, you might wondering, Tommy why make a video about 10 illegal ways to save money, wouldn’t that be educating people to do it. The answer is no, it’s the same reason why the cops go to schools and tell the stories, it’s the same reason you have beyond scared, it’s the same reason we have SE& ED. Its about prevention.

So the Goal here is to tell you about these things, and tell you the consequences so you don’t try it or fall victim to people trying to convince you that its no big deal.

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1. Shell Companies
- Now this is legal but can also be illegal
- A shell companies is just a company on paper that has no employees or carries out any normal business
- But does have usually assets that it holds, and sometimes does transactions

But here is How it Can become Illegal
- you use it to hide assets from law enforcement or from your wife
- You use it to charge your US base business a bunch of money those lowering your tax bill

Cost of doing:
- The average time done is 3-5 years
- And don’t forget they do cease your assets to get the money back


2. Movie Ticket Scam ( have two people go in and take 2 tickets with them, and then bring in additional person for free)
- However this can be consider trespassing which could possible give you jail time
- I know you think over $10 really
- You never know

3. Cooking the books
- This is not a joke, this is when a company misrespresent their financial accounts
- To do whatever they want to do, whether is save on taxes, scam investors, or get more money

4. (left over donuts and pizza)
- Every night companies that are food based tend to through away their extra food
- That included little Caesars pizza, dunkin donuts, krispy Kream and more

5. Paying employees off the books ( this usually done to avoid paying minimum wage – take avantage of a lot immigrants )
- According to the IRS there is a 70-77% chance you will be caught and the average employer gets 14-24 months in jail.

Here is an example:
- My friend had been working for over 5 years off the books
- And when unemployment came because of covid, he didn’t get a penny
- Or trying to rent without record of income is also a problem

6. Empty Visa Reward Cards ( when on flights – because charges are charged at the end of the flight)
- This again is petty theft if you get caught and its just not recommended

7. Lying to get into government programs ( covid program and people lying to get it )
- If you guys saw the news, some people use the Covid Programs to buy fancy cars
- And people without business created some fake ones to get extra money and so on
- This is no joke and will cost you your freedom, or some crazy penalty

8. Free Resumes and Cover Letters ( post fake jobs on indeed and watch peoples resume come in and cover letters)
- Not illegal but its unethical because you are wasting peoples time

9. Stealing Electricity ( story about the guy that came to do my internet installation

10. Refund Scam: Going to Home depot and returning empty boxes, or the real thing once your done or switching out the scanner barcode

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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[kelsie]

I used to do the soda thing when I was really young but realized it was not a good idea once I got a little older 😶

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Hilarious video!!! Don’t see many like this 🤣.
Do another one.

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[whatistishaupto]

Water cup scam! Hey I’m from the Bronx X. 🤣🤣🤣😂🤣😂

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[CENA]

Back in the day we knew a guy who knew how to get free wifi and cable on the utility pole 😂 3 years then they found out scanner gun didn't fine or come after me lol

[financewithespi]

I promise Tommy that I will not be trying any of this.

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So are you saying that I should close Vandelay Industries lol? But seriously, the first of the programs that dealt with first time offenders was called Scared Straight. This was where they’d take juvenile delinquents into prison and scare them with hardened criminals that had volunteered to “scare them” into giving up their bad ways. Also in regards to the IRS, just remember that they were the only agency that could bring down mobster Al Capone. What was his downfall? Tax evasion.

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Kinda like the D.A.R.E program.... haha

[LifeHappened]

Hahaha these only work in western countries !!!