What’s the scam with PwC flogging its government consulting operation to private equity mob Allegro Funds Management?

The scam is that the scandal over selling government secrets has hurt PwC in a real way, there is pressure from the global partners over to exit to rehabilitate the brand, and they have found some private equity turnaround players in Allegro who will take on the risk of salvaging that $300m a year in government contracts.

Source: PwC sells government consulting operation for a dollar. What’s the scam? – Michael West