Reasons Why It Is Illegal to Make Fake Stubs
A pay stub is also known as a pay slip or a pay advice. A pay slip indicates the amount of salary that was deposited in an employee’s account. The pay stub also indicates the deductions and the net amount. The main deductions on a stub are; insurance premiums, taxes, pension scheme deductions and the organization contributions. Stubs are important since they act as security to loans, buying of cars, acquiring of real estate property and as a proof of a complete payment.
Nowadays, a lot of businesses and companies upload the pay slips of their employees on the website so as to reduce paperwork. Nowadays, people have come to learn how to make fake stubs. A fake stub is a document indicating that a certain payment took place but it didn’t. The making of fake stubs was illegalized because of the following.
The making of fake stubs is a forgery. Forgery is unlawful. In order to have an exact but fake copy of an original stub, you must come up with ways in which you will be able to get the seals, stamps, and signatures needed. In order for the security features to be included on you fake stub, you must talk to the relevant officials. Most officials ask for some favors in order to append these security features, of which it is corruption.
A fake pay slip will give false promises. Many banks, car dealers, and real estate investors ask for pay slips. 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 bank, car dealer, and the real estate investor may suffer losses as a result of receiving fake stubs.
The fake stubs make people think you are rich. People will fail to notice that you pay slips are fake and they may end up giving you some money and other material goods. A fake pay slip will persuade your friends and relatives to give you a loan.
The fake pay slips have incorrect information and figures. The fake stubs are produced by incompetent persons and they may do some miscalculations. The common mistakes on the pay slips are misspelled words and improper placing of decimal points.
A fake pay slip may be used evading some responsibilities. In order for your friends and relatives to think that you have a low income, you may produce a fake stub. The financial responsibility will then be transferred to another individual.
These are the reasons why it is illegal to produce a fake pay slip.