Basically no oversight into what you are doing because they don't have the technical knowledge to judge your work. Overpay (if sometimes irregular), and easy hours.
As long as you don't "know" they are doing anything illegal with your work, and no one can prove that you know what they are doing. It can work out.
The worst part about it is they try to make up for their lack of technical knowledge as a manager by becoming close with you in a personal way.
Source: I worked for someone convicted of multiple crimes (racketeering, assault, intimidation of a juror), but on his legitimate business.