Embattled consulting giant PwC’s federal work is plummeting and it faces a criminal investigation after its partners were caught exploiting confidential government information for profit.
The firm has still landed dozens of federal contracts this year worth nearly $50 million and has so far escaped an outright ban.
The government has instead responded to the tax leaks scandal with procurement rule changes, while department secretaries have lost confidence in the firm and made it clear the incident is a factor in their bid considerations.
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