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Update: Market Chatter: DOJ, SEC Probe Role of CrowdStrike Execs in Carahsoft Deal
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Update: Market Chatter: DOJ, SEC Probe Role of CrowdStrike Execs in Carahsoft Deal
May 26, 2025 5:06 AM

09:28 AM EDT, 05/09/2025 (MT Newswires) -- (Updates with CrowdStrike's ( CRWD ) response in the third paragraph.)

Investigators with the US Department of Justice and Securities and Exchange Commission investigating a $32 million deal between CrowdStrike Holdings ( CRWD ) and Carahsoft Technology are looking into what senior executives may have known about it, Bloomberg reported Friday, citing two people familiar with the matter.

The DOJ and SEC have in recent months been investigating the the deal between the two companies to supply the Internal Revenue Service with cybersecurity software, according to the report. Carahsoft made on-time payments for the order, according to CrowdStrike ( CRWD ), but the IRS never bought or received the products, Bloomberg reported.

"As we have stated previously, we stand by the accounting of the transaction," a CrowdStrike ( CRWD ) spokesperson told MT Newswires via email.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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