Yielding cheat
You will need to be in Imperial City to do this. Go and steal something valuable and then talk to an imperial guard. He will tell you that you're going to jail, so click on 'resist arrest' and he will attack you. Hold up your shield.
And try to talk to him again. Keep doing it until you see a screen that says the guard has accepted your yield. Now you can sell your stolen goods without getting in trouble.
If you need more help, we've got more The Elder Scrolls IV: Oblivion cheats and also check out all of the answers for this game
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