Overwhelmed by the Complexity of Services? This May HelpJuly 20, 2018
A pay stub is also referred to as a pay advice or a pay slip. 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. 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.
Today, many employees and workers download their stubs from their companies and businesses’ website. 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. The making of fake stubs was illegalized because of the following.
The making of fake stubs 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. In order to get the stamps, seals and the signatures needed, one must liaise with the relevant officials. Most officials ask for some favors in order to append these security features, of which it is corruption.
The counterfeit stubs give false benefits. 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. You are also supposed to be taken to a court of law and be charged with forgery. The bank, car dealer, and the real estate investor may suffer losses 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.
On a fake pay advice, you will find wrong information and amounts. 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 in refraining from the 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 task will then be assigned to another person who has the financial capability.
These are the reasons why it is illegal to produce a fake pay slip.