The Treasury Department has canceled all of its contracts with Booz Allen Hamilton after an employee leaked President Donald Trump’s tax records to the media, the department announced on Jan. 26.
Shares of the consulting firm fell 10 percent.
Because Booz Allen Hamilton failed to install safeguards to protect sensitive data, a total of 31 separate contracts worth $21 million were axed, according to a statement from the department.
“President Trump has entrusted his cabinet to root out waste, fraud, and abuse, and canceling these contracts is an essential step to increasing Americans’ trust in government,” Treasury Secretary Scott Bessent said.
“Booz Allen failed to implement adequate safeguards to protect sensitive data, including the confidential taxpayer information it had access to through its contracts with the Internal Revenue Service.”…
Treasury Cancels Booz Allen Contracts Over Employee’s Leaking of Trump’s Tax Records
