Reasons Behind Outlawing of the 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 stub contains the gross amount, 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.
Of late, one can download his/her pay slips from his/her company’s website. Nowadays, people have come to learn how to make fake stubs. The fake stub is a proof of a false payment. 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. Since the original stubs have features such as stamps, watermarks, and seals, one must find ways to incorporate these features on the fake stub in order to have a copy which looks like the original. So as to achieve this, you need to closely liaise with 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. One is supposed to provide a pay slip in order to be issued with a loan, given a car or a real estate property. 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. Obtaining of fake pay slips also leads to the collapse of businesses.
A fake stub can be used in soliciting favors. People will fail to notice that you pay slips are fake and they may end up giving you some money and other material goods. Many people also use fake pay slips to request loans from their close friends.
The fake pay slips have incorrect information and figures. False information and miscalculations are common on the fake payslips since they are produced by incompetent people. They may also misspell some words and place decimal points in the wrong places which may lead to unreal figures.
A fake pay slip may be used evading some responsibilities. You can produce a fake stub to your family or friends and they will believe that you get a little income. The financial responsibility will then be transferred to another individual.
The above are grounds on which the making of fake pay slips was illegalized.
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