Treasury cancels Booz Allen contracts after employee leaked Trump tax records; stock falls

January 26, 2026

TL;DR

Treasury Department canceled all contracts with Booz Allen Hamilton.
The cancellation follows a Booz Allen employee's leak of President Trump's tax records, along with those of Jeff Bezos and Elon Musk.
Booz Allen Hamilton's stock price dropped over 10% after the announcement.
The Treasury Department had 31 contracts with Booz Allen totaling $4.8 million annually and $21 million in total obligations.
The department stated Booz Allen failed to implement adequate safeguards for sensitive data.
Employee Charles Edward Littlejohn leaked confidential tax returns of hundreds of thousands of taxpayers between 2018 and 2020.
Littlejohn pleaded guilty and was sentenced to five years in prison for disclosing tax return information.
Booz Allen stated Littlejohn's conduct occurred over five years ago on government systems, not their own, and that they supported the government's investigation.

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