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Booz Allen Under Investigation for Accounting and Billing Practices

posted by n1 on Tuesday June 20 2017, @12:43AM   Printer-friendly
from the nothing-significant dept.

McGruber writes:

Defense and spy-agency contractor Booz Allen Hamilton says the Justice Department is investigating its accounting and the way it charges the government. The disclosure in a regulatory filing sent shares of Booz Allen Hamilton Holding Corp. tumbling almost 19 percent in Friday trading.

Booz Allen said its own auditing hasn't found any major erroneous costs or problems, and that it's cooperating with the Justice Department's civil and criminal investigations.

The company, based in McLean, Virginia, is one of the biggest U.S. defense and intelligence-agency contractors. Several of its executives either previously worked for the government or left the company to take high-level government positions.

Booz Allen received unwanted publicity in 2013 after revelations that its employee Edward Snowden took and shared documents about secret U.S. surveillance programs.

Source: Yahoo! News

Media Statement: BoozAllen.com

Original Submission

 
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  • (Score: 1, Interesting) by Anonymous Coward on Tuesday June 20 2017, @12:48AM

    by Anonymous Coward on Tuesday June 20 2017, @12:48AM (#528259)

    LOLOL that traitor Snowden will cause the entire government to unravel as they accuse each other of disloyalty. All is as it should be.

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