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The Treasury Department on Monday said it would cancel 31 contracts with Booz Allen Hamilton, citing its failure to " implement adequate safeguards" after a past employee leaked tax data, including President Trump's returns, to media outlets. The decision to cut ties with the company was due in part to the misconduct of Charles Edward......

The US Treasury Department has terminated 31 contracts with Booz Allen Hamilton, totaling $21 million in obligations. This action follows the conviction of a former contractor linked to the firm for leaking sensitive IRS tax data, including President Trump's. The Treasury cited the firm's failure to implement adequate safeguards for confidential taxpayer information....

Booz Allen Shares Hammered After Treasury Cancels Consulting Contracts Shares of Booz Allen Hamilton tumbled the most in months during late Monday morning trading after U.S. Treasury Secretary Scott Bessent canceled dozens of contracts tied to the consulting firm. Secretary Bessent said 31 contracts with Booz Allen were terminated, representing $4.8 million in annual spending and $21 million in total obligations. "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," he said, adding, "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 pointed to an incident with Booz Allen in recent years: Most notably, between 2018 and 2020, Charles Edward Littlejohn — an employee of Booz Allen Hamilton — st...

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Booze Allen employee Charles Edward Littlejohn also had leaked tax records of Amazon's Jeff Bezos and Tesla chief Elon Musk to a news outlet....

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The US Treasury Department said it canceled $21 million of contracts with Booz Allen Hamilton after the consulting firm failed to protect taxpayer data to which it had access....