Reasons Behind Outlawing of the Fake Stubs
A pay advice and a pay advice are other names of the pay stub. A stub is a proof that some salary was paid to you. The stub contains the gross amount, deductions and the net amount. The deductions on a pay stub include the insurance deductions, pension deductions, taxes and organizations 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. We also have a lot of cases of 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 an illegal activity. 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 to get the stamps, seals and the signatures needed, one must liaise with the relevant officials. This results in bribing which is corruption.
A fake stub gives false assurances. Many banks, car dealers, and real estate investors ask for pay slips. In case the real estate investor, car dealer, and the financial institutions come to know that your stub is fake, they will give no property, car, and money 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 stubs make people think you are rich. Upon producing fake stubs, all people will believe you have money in your account and you may end up getting some favors. Many people also use fake pay slips to request loans from their close friends.
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.
The fake stubs are used in avoiding financial 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 major reasons why the production of the fake stubs is illegal.