Company Directory - Booz Allen Hamilton
CCI Score
CCI Score: Booz Allen Hamilton
-58.09
1.01%
Latest Event
Booz Allen Settlement for Procurement Fraud Allegations
Booz Allen Hamilton settled for approximately $377 million with the US government following whistleblower allegations of improper billing on government contracts. The settlement, associated with alleged violations of the False Claims Act, centers on the misallocation of indirect cost pools between commercial and government contracts.
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QUISLING
Booz Allen Hamilton is currently rated as a Quisling.
Latest Events
- JUL262023
Booz Allen Hamilton settled for approximately $377 million with the US government following whistleblower allegations of improper billing on government contracts. The settlement, associated with alleged violations of the False Claims Act, centers on the misallocation of indirect cost pools between commercial and government contracts.
-80
Business Practices and Ethical Responsibility
May 30
The settlement highlights a serious breach in ethical business practices, with allegations of improper billing that misused taxpayer funds. This unethical behavior puts the firm in a negative light by compromising integrity in handling government contracts.
- JUL242023
Booz Allen Hamilton agreed to pay $377.5 million to settle a lawsuit that accused the firm of improperly billing the U.S. government for indirect costs between 2011 and 2021. The settlement, finalized to avoid prolonged litigation, follows allegations and a whistleblower complaint regarding unethical billing practices.
-60
Business Practices and Ethical Responsibility
May 30
The settlement exposes unethical business practices where Booz Allen Hamilton is alleged to have misbilled government funds over a prolonged period. This behavior undermines corporate accountability and the public trust essential for firms managing critical government contracts, reflecting a negative impact on ethical business practices.
- JUL242023
Booz Allen Hamilton agreed to pay over $377 million to settle allegations under the False Claims Act for misbilling government contracts, effectively shifting costs to taxpayers. The settlement, resolving years of disputed accounting practices, underscores concerns over unethical business practices and the misuse of public funds.
-70
Business Practices and Ethical Responsibility
May 30
The settlement related to the False Claims Act allegations reveals unethical business practices where Booz Allen Hamilton misallocated costs between government and private contracts. This not only diverts taxpayer funds but undermines public trust and accountability, reflecting a significant deviation from ethical business conduct.
Consulting Firm to Pay $377.5M to Settle False Claims Act Allegations
- JUL222023
Booz Allen Hamilton resolved allegations involving wrongful billing practices by settling a False Claims Act lawsuit for $377.45 million. The settlement addressed accusations that the firm improperly allocated commercial and international costs to government contracts between 2011 and 2021, undermining ethical business practices and misusing public funds.
-70
Business Practices and Ethical Responsibility
May 30
The settlement indicates that Booz Allen Hamilton engaged in unethical accounting practices by reallocating commercial costs to government contracts, which misappropriated taxpayer dollars and compromised corporate integrity. This action reflects negatively on its business practices and ethical responsibility.
- JUL212023
Booz Allen Hamilton has agreed to pay $377,453,150 to settle allegations that it improperly allocated costs to government contracts in violation of the False Claims Act between 2011 and 2021, a settlement that underscores serious ethical breaches in its business practices.
-80
Business Practices and Ethical Responsibility
May 30
The settlement reveals unethical business conduct where Booz Allen improperly billed government contracts by charging costs unrelated to contract objectives. This action compromised the integrity of government contracting, misusing taxpayer dollars and breaching ethical norms, thereby contributing to corporate practices that undermine public trust.
Booz Allen Agrees to Pay $377.45 Million to Settle False Claims Act Allegations
- JUL212023
On July 21, 2023, Booz Allen Hamilton settled with the Department of Justice for $377.45 million over allegations of violating the False Claims Act by commingling commercial/international and government contract costs. This settlement highlights issues in the firm's internal accounting practices and raises concerns about ethical business conduct.
-60
Business Practices and Ethical Responsibility
May 30
Booz Allen Hamilton’s settlement under the False Claims Act exposes unethical business practices through commingling costs and misbilling, undermining transparency and accountability. Such actions can erode public trust and weaken the checks and balances essential to a healthy democratic system, thereby indirectly supporting structures that may favor authoritarian practices.
- JUL212023
Booz Allen Hamilton agreed to pay $377,453,150 to settle allegations of improperly charging commercial costs to government contracts, in violation of the False Claims Act. The settlement, resolving a qui tam lawsuit, marks one of the largest procurement fraud settlements in history.
-70
Business Practices and Ethical Responsibility
May 30
The settlement reveals unethical business practices where Booz Allen Hamilton misallocated costs, leading to the misuse of taxpayer funds by billing government contracts for expenses that should have been charged to commercial accounts. This behavior undermines corporate accountability and responsible financial governance.
Booz Allen Agrees to Pay $377.45 Million to Settle False Claims Act Allegations
- JUL212023
Booz Allen Hamilton reached a $377 million settlement with the DOJ on July 21, 2023, after a six-year investigation alleging that the company misallocated commercial and international costs to government contracts, leading to improper reimbursements.
-80
Business Practices and Ethical Responsibility
May 30
The settlement indicates unethical business practices in accounting and cost allocation for government contracts. Booz Allen Hamilton’s alleged misallocation of costs to secure reimbursements demonstrates a disregard for ethical financial practices, undermining accountability and transparency.
Department of Justice Finds Booz Allen Violated False Claims Act
- JUN252023
Booz Allen Hamilton has ceased sponsoring Washington, D.C.'s Pride festival, citing compliance with recently issued presidential executive orders. This decision represents a departure from the firm's longstanding support for LGBTQ initiatives and signals a troubling alignment with authoritarian mandates.
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Corporate Financials
- Revenue
- 2023
- $8.00B
Employees: 29,000
Industries
- 541330
- Engineering Services
- 541512
- Computer Systems Design Services
- 541519
- Other Computer Related Services
- 541611
- Administrative Management and General Management Consulting Services
- 541990
- All Other Professional, Scientific, and Technical Services