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What happens if I operate a ham radio without a license?

What happens if I operate a ham radio without a license?
The Flex Insider

Licensed amateur radio operators receive a call sign from their country’s communications agency (the FCC in the United States), and are required to identify themselves at regular intervals on the air. Not identifying is a sure sign of an unlicensed operator. 

Ham Radio Operators and the FCC (in the US) do routinely use direction-finding techniques to find these stations (called Pirates) and then report them to the authorities.

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** **Availability of terms may vary based on purchase price and/or product. Down payment may be required. Example payment is based on the listed product prices assuming a 24 month term loan and a 9.99% APR. Subject to approval of credit application. Rates range from 0% to 29.99% APR. APRs will vary depending on credit qualifications, loan amount, and term. Bread Pay™ loans are made by Comenity Capital Bank, a Bread Financial™ company.