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How black hat seo forum makes money?

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Since black hat seo is not entirely cool I don't think you can monetize such website which makes me wonder how do they make money to pay for everything. I might create one myself as they seem to be pretty popular and get high volume of traffic.
marcus_avrelius Offline referral

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Most website and forums including legal and not entirely legal ones that get a ton of traffic relay on website adverting to earn money and finance their business website. They use PPC adverting similar to Adwords but the ads show in the website itself.
Erin Nagata Offline referral

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Some people are using black hat SEO to manipulate serp But, later it it will only penalize your website.

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