Its one thing to chew the fat over theoretical issues of "ethics" and "personal responsibility"....
Completely another issue to expose your family to ruin.
3-6 months without pay and insurance + a baby due at the same time = ruin.
That same expense and time is a small and heavily diluted inconvenience to the company - far from ruin... Just a write off on their taxes...
I think you already know what you have to do. And that means don't do the foolish thing. Don't intentionally expose your family to ruin and then wonder why it happened.