6 Money Habits Which Can Put You Behind Bars
3. Using Proxy Signatures on a Cheque
Signatures can be copied after a lot of practice. Some of the criminals takes advantage of their abilities to copy others signatures.
By putting the look-alike signature, an unauthorized person can have the access to others account. This is a serious crime and upon getting caught, the convict can get charged with cheating, forging, unauthorized usage of others property. This can lead to a long term imprisonment.
4. Lying on Any Loan Application
Providing any wrong information in loan applications are considered to be fraud cases. Any kind of info that can mislead the money lender is considered to be illegal.
To goof up the money lender, the borrower can fetch wrong information to the lender. This can give rise to serious problems like seize of the property, penalty fines, imprisonment, etc.
In certain cases, if the actual borrower gets escaped, the lender is allowed to take the repay from the family members.
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