EXPLAINING 20 SCAMS IN 20 MINUTES (pt 1)
Summary
TLDRThis video script delves into the underworld of scams, detailing ten different schemes that range from the absurdly simple to the highly sophisticated. It warns viewers of the potential legal consequences of engaging in these illicit activities, emphasizing the risks of imprisonment. The narrator shares these methods not to encourage participation but to educate and illustrate the ease with which some individuals exploit vulnerabilities for financial gain. The script serves as a cautionary tale, highlighting the importance of understanding and protecting oneself from such scams.
Takeaways
- 🚫 **Refund Scam**: The speaker warns against a scam where individuals trick companies into refunding for products they claim not to have received, while they actually keep the product.
- 📚 **Textbook Rental Scam**: A scammer creates multiple accounts to rent and then resell textbooks at a profit, highlighting the risk of legal consequences like jail time.
- 💳 **Credit Card Fraud**: The script describes how scammers purchase stolen credit card information to make high-value purchases, emphasizing the high risk and potential jail time.
- 🎁 **Free Item Survey Scam**: Scammers lure victims with the promise of free items, tricking them into providing credit card details under the guise of a survey or minimal shipping fees.
- 📱 **Phone Sign-Up Scam**: Desperate individuals are persuaded to sign up for phones under their names, which scammers then sell at a profit, highlighting the direct risk of personal involvement.
- 🏦 **Bank Loading Scam**: Scammers deposit fake checks into business accounts and withdraw the money before the check bounces, leaving the account holder liable for the funds.
- 🔑 **Combos Scam**: By reusing passwords across multiple sites, scammers gain access to accounts and make unauthorized purchases, such as free food orders.
- 🆔 **Identity Theft**: Scammers use personal information like social security numbers to apply for credit cards in the victim's name and make purchases, causing significant financial harm.
- 📧 **Phishing Scams**: Scammers create fake login pages to mimic banks or company communication platforms to steal login credentials and access sensitive financial information.
- 💰 **Credit Education**: The speaker argues that understanding credit systems can legally provide financial benefits, suggesting that traditional education often overlooks this aspect.
Q & A
What is the main purpose of sharing these scam methods in the video?
-The main purpose is not to encourage scamming, but to educate viewers on how easy it is to make money illicitly. It aims to raise awareness about these scams so that people can understand and avoid falling for them.
What is the refund scam mentioned in the script?
-The refund scam involves convincing a company that they made a mistake and did not send the product, when in fact the scammer has the product and intends to get a refund as well.
How does the scam involving buying and using stolen credit cards work?
-Scammers purchase stolen credit card information from sites like Joker stash, use VPNs and proxies to mask their identity, and then make purchases on sites like Saks Fifth or Apple, sending the items to a drop house.
What is the scam involving filling out surveys for free items?
-This scam lures people with the promise of a free item after filling out a survey. The survey is a ruse to collect credit card information, which is then sold or used for fraudulent activities.
How do scammers make money by getting people to sign up for phones?
-Scammers convince individuals to buy phones under their name at stores like Verizon or T-Mobile. They pay the individual a small fee, take the phone, and then sell it for a higher price.
What is the bank loading scam and how does it work?
-The bank loading scam involves finding a business's account and routing numbers and printing a check with those details. The scammer then deposits the fake check into a personal account, hoping the bank credits the account before realizing the check is fraudulent.
What is the scam involving the use of the same password across multiple sites?
-Scammers exploit the fact that many people reuse passwords across different sites. They use data breaches to get email and password combinations and then try those credentials on other sites to access accounts and make unauthorized purchases.
How do scammers profit from getting access to a person's full credit profile?
-Once they have access to a person's full credit profile, including their social security number and other personal details, scammers can apply for credit cards in the person's name and make high-ticket purchases that they do not intend to pay back.
What is the scam involving spamming bank logs?
-Scammers send text messages or emails that appear to be from a bank, asking the recipient to log in to their account through a fake login page. Once the victim enters their credentials, the scammer gains access to the bank account and can steal funds.
What is the scam involving access to a company's internal communication channels like Slack or Microsoft Teams?
-This scam involves tricking an employee into logging into a fake version of their company's internal communication platform. Once the scammer has access, they can monitor business transactions and potentially redirect wire transfers to their own accounts.
What does the speaker mean when they say credit card companies are scamming people?
-The speaker is suggesting that credit card companies profit from people not understanding the credit system, leading them into debt. They imply that if people were educated about credit, they could use the system to their advantage, similar to how the speaker claims to do.
Outlines
🚨 Scam Tactics and Their Legal Counterparts
The paragraph discusses various scams, emphasizing the risks and potential legal consequences. It outlines scams such as the refund scam, where individuals deceive companies into sending refunds for products they claim not to have received. It also covers online credit card fraud, using stolen credit card information to make purchases and ship to drop houses. The paragraph warns against engaging in these illegal activities and suggests that the information is shared to raise awareness of how easily money can be made illicitly. It also mentions a scam involving filling out surveys for free items, which is a ploy to steal credit card information. The speaker provides a website, rjac.net, as a resource for learning legal ways to make money.
💳 Financial Scams and Their Legal Alternatives
This paragraph delves into more sophisticated financial scams, including bank loading scams where individuals deposit fraudulent checks into business accounts and then withdraw the money before the check bounces, leaving the account holder liable. It also discusses the use of compromised login credentials across different sites to order free food or other items. The paragraph further explains identity theft scams, where personal information is used to apply for credit cards in the victim's name. It contrasts these illegal activities with legal methods of building credit and accessing financial resources, encouraging viewers to explore legal alternatives for financial gain.
📚 Education on Credit and Financial Power
The final paragraph focuses on the lack of financial education, particularly regarding credit, in educational institutions. It criticizes colleges for not teaching students how to manage credit effectively, which could prevent them from falling into credit card debt. The speaker shares their own knowledge of the credit system and how they've used it to their advantage, such as obtaining a high-value car without long-term financial burden. The paragraph concludes with an offer for more information on how to legally manipulate the credit system, suggesting that viewers text for specific instructions or visit rjac.net for a free preview of credit-related content.
Mindmap
Keywords
💡Scam
💡Risk Level
💡Refund Scam
💡Operational Security (OPSEC)
💡Credit Card Scam
💡Drop House
💡Data Breach
💡Phishing
💡Wire Transfer
💡Credit Profile
💡Bitcoin
Highlights
Discusses various scams and their associated risks, emphasizing the illegality and potential consequences.
Refund scam: Deceiving companies into sending a refund for a product that was received.
Higher level refund scam involving creating fake tracking numbers and multiple accounts.
Online carding: Purchasing stolen credit card information and using it to make purchases.
Using proxies and VPNs to mask identity while committing online fraud.
Survey scam: Tricking people into giving credit card information in exchange for fake giveaways.
Phone scam: Getting individuals to purchase phones under their name and then selling them.
Bank loading scam: Depositing fake checks into business accounts and withdrawing funds before the check bounces.
Combos scam: Using breached passwords to access and exploit accounts on different platforms.
Profile scam: Accessing personal information to apply for credit cards and make purchases.
Spamming bank logs: Creating fake login pages to steal banking credentials.
Spamming office logs: Gaining access to company communications to intercept and redirect financial transactions.
Credit scam: Exploiting the credit system to obtain goods and services without paying.
Encourages viewers to seek legal ways to achieve financial success.
Provides contact information for those seeking legal financial advice.
Advocates for financial education as a means to avoid falling into debt and scams.
Transcripts
20 scams in 20 minutes scam number
risk of jail for each camp
kind of stupid too extremely stupid it's
all stupid don't scam the only reason
I'm telling you these methods is to get
you to understand how [ __ ] easy it is
to make a [ __ ] ton of money if you want
to learn how to make this much in a day
legally watch to the end of the video
refund this level kind of stupid people
make from a hundred to five thousand
dollars a day doing it companies [ __ ] up
when shipping products sometimes the
refunding scam is simply convincing a
company that they [ __ ] up didn't send
you the product they were supposed to
send you so you keep the product and
they send you your money back you
convince the company you didn't get your
product through a variety of methods EB
just saying the box was an ftid creating
a fake tracking number that's designed
to get lost in the trucking and
Warehouse system so it looks like you
sent the product back that's a hundred a
day a higher level refunds game would be
like what this one guy did with Amazon
textbooks making thousands of accounts
renting these textbooks out for let's
say 30 each and reselling them for 300.
he went to jail though don't go to jail
rjac.net but I still want to share the
information so that you guys realize how
easy it really is to make a ton of
[ __ ] money it's out there is damn
near in your [ __ ] hands you just have
to grab it game number two online
karting risk level extremely stupid
anywhere from a thousand to twenty
thousand a day when people say I just
punch sex this is what they're talking
about you buy a credit card from a site
like Joker stash eunuch Fe shop it's
usually these Russians who have made a
career out of stealing tons of American
credit card information you buy a credit
card for five to fifty dollars the five
dollar cards are going to be thousand
dollar limits the fifty dollar cards are
gonna be fifty to a hundred thousand
dollars you probably bought the car with
a bin which is the first six digits of a
number so they can estimate how much
they'll get off the card and How likely
they are to succeed once they have the
right card they go on a site like Saks
Fifth or apple or a gift card site with
things like VPN socks five residential
proxies so the security system of the
site they're using the stolen credit
card on does not detect unusual traffic
from there they purchase the item and
send it to a drop house could be a
random address they found on Zillow they
walk up to the house to get the package
with the green reflective vest on so
people assume they're doing something
important or legitimate and they collect
the package this is super stupid you can
get caught at the house if you're opsec
operational security isn't absolutely
tight you could have an IP leak and the
site could find your real IP address at
your house so if they're only hidden for
the small stuff they'll make a few
hundred a day you may have seen this
with the people who ordered pizza for
you for half off but if you set up a
consistent system to hit for big [ __ ] 10
bands a day easy jail though rjac.net my
bad my bad I won't say scam number three
fill out this survey for a free TV or
free Roblox or Robux Clash of Clan
whatever the game the kids are playing
or iPhone giveaways that people promote
stupidity level is only kind of stupid
about one to ten thousand a day with
this scam lower chance of getting caught
this is just a scam to get your credit
card information so how does this game
work they catch your attention with a
free item and maybe they pay to
influencer that you trust you shouldn't
to promote it you think this is probably
a [ __ ] scam but it's just a survey
right now you fill out the survey you
spend 10 minutes filling out the survey
you've invested so much time that when
they tell you oh you just have to pay a
one dollar shipping fee with your credit
card and now they have your information
this is one of the ways the sellers in
scam number two get access to your
credit card number and you can easily
get 10 000 people to fill out that
survey in a day sell each number for
five to ten dollars you do the math scam
number four getting people to sign up
for phones stupidity level very high
you're talking to people in person who
can snitch on you and you will make no
more than a few thousand a day this cam
works by getting people who are either
stupid or really desperate for money to
go into a Verizon at T T-Mobile and buy
phones under their name or a credit
profile name the desperate people give
this camera the phone and this camera
gives the desperate person a hundred
dollars these phone companies will give
a phone to almost anyone that's how they
keep you paying 200 a month at a t
because they own your phone allowing
people to pay their phone off over time
the scammer then takes the phone that
they got for a hundred dollars and sells
it for a thousand when you see scammers
flexing stacks of iPhones this is how
they did it the higher level of this
game is having a person go into the
store with the credit profile and the
fake ID that matches while the desperate
person going in may only be able to get
one phone because they have low or bad
credit the credit profile is gonna have
great credit and gonna be able to get
three to four phones potential they'll
tell the story lies like I'm buying
these phones for all the employees in my
construction or I'm buying a phone for
every member of my family scam number
five the bank loading scam very stupid
you can make 50 or 60 000 a day with
this but you're also very likely to go
to jail this is the scam you see on
Instagram where someone says I'll put 10
000 in your bank account today just give
me half they do this by finding the
account and routing number of any
legitimate business checking account is
going to have a lot of money going
through the banking system is so [ __ ]
unsophisticated and unsecure and easy to
take money from that all you really need
is those two numbers you print them on a
check that matches that business and you
mobile deposit it and they will load ten
thousand into that bank account how do
they print the checks well how does a
normal business print their checks with
a check printer check paper and check
writing software all of which are
available on amazon.fuckingcom the issue
here is the check is fake so they may
put the whole 10 000 into your bank
account especially if they're in
unsophisticated financial institution
this is why you hear people asking
specific Banks you have a Navy Fed tap
in you have a Bank of America type in if
you have a Chase type-in because they
know for some reason that named bank is
is instantly giving the people money for
checks and not waiting for the check to
clear anyways once the money's there the
scammer withdraws it or withdraws half
of it but you as the holder of the
account are going to be liable for that
money when the check is not clear you
only had 300 in your bank account and
you did have 10 but now you have
negative 5 000 or negative 10 000
because a lot of times this camera will
just take all of the money and that's
why they ask you to send them or hand
them over your debit card first scam
number six combos risk level medium
stupid cash per day 500 to 1000 maybe a
bit more but not much also free food how
this works is most people use the same
password across all sites if you've ever
typed in your password in a browser and
it told you this password has been used
in a data breach this is what they're
talking about so you can go on certain
sites and find the whole data breach a
list of a hundred thousand emails and
passwords for let's say minecraft.com
but some of those Minecraft users
probably also use Pizza Hut so they
build software to try the same email and
password on pizzahut.com a hundred
thousand times the ones that log in are
go and now this camera can order free
Pizza Hut on at least a few thousand
accounts this is either done by using
the person's credit card which is
already logged into the account making
this another form of online carding but
it's way easier because you're logged
into the account already so the site
security system aren't checking for you
like it would for a brand new customer
also a lot of these people have rewards
points which get you the item for free
all you have to do is be logged into the
account when you see these people on
Twitter her Instagram saying I'll get
you Pizza Hut or Domino's for half off
this is how they do it scam number seven
profile risk level extremely high
extremely stupid cash per day like 10 to
20 000 but there's a lot of setup
required you and everyone else has a
social security number and if you're not
stupid you have a credit profile
attached to that social security number
with credit cards maybe an auto loan or
a mortgage and if someone gets access to
your Fool's name date of birth social
security number security questions like
mother's maiden name Etc they can apply
for credit cards and your name that's
how this scam is done they get access to
the information in similar ways to the
free phone scam I told you before but
they're a little bit more sophisticated
because it's tougher to convince someone
to give you their social security number
people sell doctor profile because they
make tons of money and have great credit
anyways once they've applied for all the
cards in the person's name they'll get
the physical cards shipped to another
drop address or sometimes the person's
home address and usually use those cards
to buy a ton of high ticket items like
laptops Max health or credit cards and
then won't pay them off don't do it
don't do any of these but this is how
these cameras are making so much [ __ ]
money scam number eight spamming Bank
log risk level medium stupid but still
stupid cash per day like 10 to 50 000.
if you ever got a weird looking text
from a number claiming to be your bank
and sending you a link to log in on it
was this they essentially use fear and
make you think someone's taking control
over your account and make you think
someone's trying to do something bad
with your bank account that login page
was designed to look exactly like your
bank's actual login pay however instead
of sending your username password and
two-factor authentication code to the
actual bank you're sending it to a
scammer allowing them to get access to
your bank account this gamer created the
page and the information goes directly
to them once they're inside the bank
account they can use any number of ways
to cash it out the most primitive would
be a wire transfer but this would
usually get stuck but there's always new
fintech companies with bad security who
will pretty quickly let someone log in
with the bank and cash the entire
account out with something like Bitcoin
or gift cards scam number nine spamming
office logs risk level less stupid
because it's not directly going after a
bank cash per day a hundred thousand
plus but it requires hella setup and
it's also illegal don't do it net this
is how the 16 year old hacked Twitter
similar to spamming Bank logs but
instead of trying to get access to
someone's bank account you're trying to
get access to a company's either slack
Channel or Office 365 teams Channel this
is where big companies talk about
everything they need to talk about so
the process is the same they send an
email or text message to a person
getting them to log into their slack or
Microsoft Office teams account with the
fake login page and once they're logged
into that account they can see
everything about the business when they
did this with Twitter they were able to
get people verified they were able to
take over username and they were most
importantly able to get inside people's
Twitter account like Obama and Jeff
Bezos and Elon Musk directly from inside
Twitter itself but usually people just
use this to see when and where their
business is sending money and when they
see wire instructions being sent in a
message they'll cancel that message and
resend a new one that looks exactly the
same but just has a different account
and routing number to send the money to
scam number 10 credit risk level
absolutely zero you won't go to jail for
this cash per day billion what yeah the
credit card companies are scamming your
ads colleges all across America will
charging tens of thousands for a [ __ ]
art degree or a women's study but they
will never ever teach your ass about
credit because if they did people would
stop getting in the credit card debt
they can't afford they'd stop paying
debt because they'd know how [ __ ]
easy it is to finesse the system and
they'd be able to get access to whatever
car house or boat they want I know the
credit game and I hit these Banks over
the head for a free Panamera go check
out my video that's a hundred thousand
dollar car they're like but if I choose
to stop paying that [ __ ] today
and keep the car and wipe it all the way
off my credit report but you do have to
put the work in and be a little patient
doing anything illegal is stupid so I
give this information for free because
it's worthless for any purpose except
inspiration but the way to do it legally
is valuable luckily if you don't trust
me you think I'm some core selling Tai
Lopez ass gamer you don't gotta send me
the money just text me at
310-924-6900 for specific instructions
on how to burn the money because I'm not
just gonna give you the information that
cost me years of pain without you
putting up something first or just go to
rjac.net and sign up for the credit
quote and even if you don't have any
money right now cool browsearound
rjac.net it's a free preview on a credit
card that won't tell you how to get the
full amount but it'll put 10 to 20 in
your pocket money is free bro I'm
telling you all this [ __ ] is not real
they [ __ ] print it whenever they want
but we can take back the [ __ ] power I
print money now [ __ ] I bend these Banks
over the table and [ __ ] them till I nut
now if you felt like any of this
information was valuable there's tons
more valuable content on this channel
watch it all and if you show me proof
that you watched all my videos to at
least 70 percent of the way through you
can tell by the little red bar on the
bottom text me at
310-924-6900 I got a surprise for you
5.0 / 5 (0 votes)