US Treasury Department ends contracts with Booz Allen Hamilton after Trump tax leak
wtop.com • • business
Key Points:
- Booz Allen Hamilton, a major defense and national security technology firm, is facing scrutiny after a former contractor leaked sensitive tax information about Trump and others, leading to a five-year prison sentence for the individual involved.
- Despite Booz Allen’s recent contributions to a Trump ballroom project and ongoing contracts with multiple government agencies, the Treasury Department criticized the firm for inadequate safeguards protecting confidential taxpayer data.
- Treasury Secretary Scott Bessent highlighted Booz Allen’s failure to protect sensitive information, while the company condemned the contractor’s actions and cooperated fully with the government investigation.
- Booz Allen does not store taxpayer data on its systems and cannot monitor government network activity, but the incident has negatively impacted the firm’s stock price and raised concerns about risks to its
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