# Rounding fraud

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{{Short description|Financial fraud tactic}}
'''Rounding fraud''' is a type of financial fraud using [round numbers](/source/round_numbers). It is frequently caught by the over usage of certain [statistically](/source/statistics) improbable number patterns.<ref>{{Cite web|url=https://www.fraud-magazine.com/cover-article.aspx?id=4295011516|title=Dusting your data for fraud's fingerprints: Six number patterns that fraudsters use|website=www.fraud-magazine.com}}</ref> A notable example of rounding fraud was committed by the India-based company [Satyam Computer Services](/source/Satyam_Computer_Services) which was detected in 2019,<ref>{{Cite web|url=https://www.journalofaccountancy.com/issues/2018/may/fraud-round-numbers.html|title=Round numbers: A fingerprint of fraud|date=May 1, 2018|website=Journal of Accountancy}}</ref> and it is typical in the context of [Medicare fraud](/source/Medicare_fraud) at [Skilled Nursing Facilities](/source/Skilled_Nursing_Facilities) (SNFs).<ref>{{Cite web|url=https://thewallacelawfirm.com/2017/03/09/when-rounding-up-costs-you-money-more-snf-fraud/|title=When Rounding Up Costs You Money: More SNF Fraud|date=March 9, 2017}}</ref> It is also an element in [microtransaction](/source/microtransaction) scams involving [credit cards](/source/credit_cards) and [front companies](/source/front_company).<ref>{{Cite web|url=https://www.wired.com/2010/06/ftc-sues-scammers/|title=FTC: Scammers Stole Millions Using Micro Charges to Credit Cards|first=Kim|last=Zetter|via=www.wired.com}}</ref><ref>{{Cite web| title=Complaint for permanent injunction and other equitable relief | url=https://www.wired.com/images_blogs/threatlevel/2010/06/api_complaint.pdf | archive-url=https://web.archive.org/web/20100702190759/http://www.wired.com:80/images_blogs/threatlevel/2010/06/api_complaint.pdf | archive-date=2010-07-02}}</ref><ref>{{Cite web|url=https://www.techdirt.com/articles/20100628/1718299993.shtml|title=Scammers Actually Got Away With Millions Of Microtransactions Scam|first=Jun 29th 2010 4:06pm-Mike Masnick|last=Tue|website=Techdirt.}}</ref>

== References ==
{{Reflist}}

Category:Consumer fraud

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Adapted from the Wikipedia article [Rounding fraud](https://en.wikipedia.org/wiki/Rounding_fraud) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Rounding_fraud?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.