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Treasury cancels Booz Allen contracts after Trump tax info leaked
Posted on 1/26/26 at 11:21 am
Posted on 1/26/26 at 11:21 am
quote:CNBC
Treasury Secretary Scott Bessent on Monday said he had cancelled all Treasury Department contracts with the consulting firm Booz Allen Hamilton
, one of whose employees leaked the tax records of President Donald Trump, and the billionaires Jeff Bezos and Elon Musk, to media outlets.
Booz Allen Hamilton’s stock price dropped by 8% on the heels of the Treasury Department’s announcement.
The department said it currently has 31 separate contracts with Booz Allen Hamilton, totaling $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,” Bessent said in a statement.
6
Posted on 1/26/26 at 11:22 am to bigjoe1
Definitely bad for business to leak your clients confidential information.
Posted on 1/26/26 at 11:22 am to bigjoe1
quote:
The department said it currently has 31 separate contracts with Booz Allen Hamilton, totaling $4.8 million in annual spending and $21 million in total obligations.
Let’s see the DoD and State contract amounts.
Posted on 1/26/26 at 11:24 am to SammyTiger
quote:
Littlejohn is serving a five-year federal prison sentence.
Bad for the employee too. FAFO.
Posted on 1/26/26 at 11:27 am to bigjoe1
The company probably had its employees sign non-disclosures and they breached their agreement.
That sucks for the company who may have had no bad intentions.
Posted on 1/26/26 at 11:28 am to TerryDawg03
Let’s see the DOW and State contract amounts.
FIFY
FIFY
Posted on 1/26/26 at 11:30 am to bigjoe1
Incoming foreign born Biden appointed judge ruling the contracts must be put back into play.
Posted on 1/26/26 at 11:36 am to Jbird
quote:
Incoming foreign born Biden appointed judge ruling the contracts must be put back into play.
Sadly enough, you're probably right.
Posted on 1/26/26 at 12:00 pm to TrueTiger
quote:
That sucks for the company who may have had no bad intentions.
Screen your employees better.
Posted on 1/26/26 at 12:03 pm to bigjoe1
this is the way
Posted on 1/26/26 at 12:08 pm to bigjoe1
When your stock drops by 8% and you lose $21 in potential earnings that's when you either :
- A - Double down on OMB and watch shareholders revolt (like some did in Trump's first term)
- B - Announce you've found the leaker, fired and intend to sue them.. along with instituting new safety and security controls to prevent it from happening again.
- A - Double down on OMB and watch shareholders revolt (like some did in Trump's first term)
- B - Announce you've found the leaker, fired and intend to sue them.. along with instituting new safety and security controls to prevent it from happening again.
Posted on 1/26/26 at 4:21 pm to MikeD
quote:
quote:
Littlejohn is serving a five-year federal prison sentence.
Bad for the employee too. FAFO.
That TDS and EDS cost him. What an a-hole.
Posted on 1/26/26 at 4:21 pm to TrueTiger
quote:
That sucks for the company who may have had no bad intentions.
It's basically a CIA firm.
Posted on 1/26/26 at 4:22 pm to shutterspeed
quote:
quote:
That sucks for the company who may have had no bad intentions.
Screen your employees better.
He probably fit right in with most people there. Just took things a little to far. A bunch of CIA spooks' decoy jobs are with BAH.
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