Reasons Behind Outlawing of the Fake Stubs
A pay advice and a pay advice are other names of the pay stub. A pay slip indicates the amount of salary that was deposited in an employee’s account. On the stub, you will find the gross salary, deductions, and the net salary. Insurance contributions, taxes, pension contributions and loan deductions are some of the main deductions on the stub. Today the stubs are used in borrowing money, renting houses and homes and most importantly as a proof of payment.
Nowadays, a lot of businesses and companies upload the pay slips of their employees on the website so as to reduce paperwork. Today, we have many people who produce fake stubs. A fake stub is used in deceiving someone that you deposited some salary in his/her account. Is It Illegal to make fake pay stubs? Yes, it is and the following are the reasons.
Making a fake stub is a forgery. Forgery is unlawful. Some security features of a stub are signatures, watermarks, stamps, and seals so you must find backdoor methods to get the stamps, seals and watermarks will be printed on the fake stub. So as to achieve this, you need to closely liaise with the relevant officials. The officials may request for some amount of money which is bribing.
The counterfeit stubs give false benefits. As we said earlier, stubs are used as security for loans, renting of the real estate and a better salary for your new job. Once a bank, car dealer or real estate investor realizes that you have provided a fake stub, he/she will deny you the loan, you will not own the car and the real estate property respectively. The law requires you to be charged with forgery in case you are caught. The financial, car and real estate businesses may also fall as a result of receiving fake stubs.
The fake pay slips are used in deceiving people that you have the financial capabilities. People will fail to notice that you pay slips are fake and they may end up giving you some money and other material goods. The fake stub may also be used to request loans from your friends and relatives.
Many fake stubs have improper figures and calculations. The fake stubs are produced by incompetent persons and they may do some miscalculations. They may also misspell some words and place decimal points in the wrong places which may lead to unreal figures.
The fake stubs are used in avoiding financial responsibilities. In order to be relieved from carrying out some tasks which require money, you may produce a fake stub with a less amount of net income. The financial responsibility will then be transferred to another individual.
These are the reasons why it is illegal to produce a fake pay slip.
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