There are individuals who have been receiving their pay under the table and not paying taxes as well since the Internal Revenue Service has been founded. There are different methods that many people make use of in order to balance their illegitimate living with legitimacy and trillions of dollars in one year is being earned this way.
Nonetheless, this link will show you that there is a very high penalty for pay stubs that are fake that is why it should be avoided at all cost especially to those people who are not earning enough money. This product is made so that you will be able to learn more about the facts of fake pay stubs and how people try to get away with it, so view here for more.
Fake pay stubs and the reasons why people make it
One of the most known reasons why people make up fake pay stubs is when they are trying to have a loan granted. Lenders need an assurance that they will be able to get all of their cash back before granting anybody a loan. The pay stub of a person will be bale to show the lender if that person is capable of paying the loan that he is asking for.
In the case of unemployment, the possibility of a fake pay stub is very high because the borrower will have nothing to show the lender so that the loan will be granted. Regardless whether they can provide proper documents of their monthly earnings or not, people who are in dire need of money will most likely think that a fake pay stub is not a serious thing to be worried about. There is information that you need to put on your fake pay stub and this is all provided for by online videos made by paystub frauds.
Nonetheless, honesty will and always will remain as the best policy. So that you will not get into any problems later on, it is still best to remain honest whenever you are acquiring a loan.
If you push through with your fake pay stub, you might end waking up with more serious legal issues later on. You need to pay a fine of $1 million if you get caught, or it might even get worse and you can end up in jail. It would not really be worth creating a fake pay stub for, most especially if you will be defrauding a financial institution.
Some individuals always try to scam
Scamming an insurance company or the government with a fake pay stub might get you into a lot of trouble that is why you need to stop yourself as soon as possible.