![]() ![]() Courtesy Feinberg familyīooz Allen declined to make an executive available for an interview, but in a statement told NBC News that the company “has always believed it acted lawfully and responsibly - guided by its strong, century-old culture of ethics and accountability - and its position has been consistently grounded in facts.” Sarah Feinberg with her twin boys in 2015. ![]() Attorney Matthew Graves said in a statement. “This settlement, which is one of the largest procurement fraud settlements in history, demonstrates that the United States will pursue even the largest companies and the most complex matters where taxpayer funds are alleged to have been pilfered,” D.C. They noted in a statement to NBC News that Feinberg signed off on it, agreeing in writing that it was “fair, adequate and reasonable.” Justice Department officials disagree, saying they got the best settlement they could. She said she believes the firm overcharged taxpayers by at least $500 million, as she argued in her lawsuit, and she noted that after Booz Allen paid the settlement, “their stock price went up by 20%.” She said she had no idea she could profit from standing on principle - until after she resigned from Booz Allen and brought her concerns to the Justice Department.īut for Feinberg it’s not entirely a happy ending, because she believes prosecutors should have gotten a larger payment from the company. and recover between 15% and 30% of any settlement or judgment. In 2016, after nine months of failing to convince mostly older male Booz Allen executives to stop what she told them was fraud, Feinberg, then 31 and pregnant with twins, took advantage of the little-understood “ qui tam” procedure allowing an insider to sue on behalf of the U.S. “There’s very few times in this life where you’ll actually be rewarded for doing the right thing, but this is one of those unique situations.” “I’ve got three kids, and I tell them, ‘Doing the right thing is the right thing, no matter what the outcome is,’” said Feinberg, a volunteer treasurer at her Capitol Hill church who said she plans to give away at least $12 million of her share. Her share - around $40 million before taxes, hit her family bank account last week, said Feinberg, 39. Sarah Feinberg served on active duty as a Marine captain in Iraq in 2010.īecause she discovered the alleged fraud and filed a complaint under the Civil War-era False Claims Act, Feinberg and her lawyers received an eye-popping $69 million from the settlement. After a yearslong investigation, Booz Allen last month admitted no wrongdoing while paying a $377 million settlement, what DOJ officials said was the third largest contract fraud settlement in history. taxpayers to subsidize its money-losing private consulting contracts, including with foreign governments such as Saudi Arabia. She soon made a discovery that would change her family’s life.įeinberg uncovered what the Justice Department ultimately declared was a civil fraud scheme under which Booz Allen allegedly was overcharging U.S. ![]()
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