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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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