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Cambridge Analytica chief accused of taking $8m before collapse

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Investors who backed a rebranding of Cambridge Analytica are in a stand-off with former chief executive Alexander Nix after he allegedly withdrew more than $8 million (€7.1 million ) from the scandal-hit data firm shortly before it collapsed. Several people involved in the dispute told the Financial Times the withdrawal came shortly after Mr Nix learned British media was reporting on allegations about his company’s role in a massive leak of Facebook user data in March. Mr Nix did not respond...
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Cambridge Analytica Chief ‘Withdrew $8M’ From Company Linked To Trump’s Wealthy Supporters

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Publication Date: 2018-06-06
The former chief executive of Cambridge Analytica allegedly withdrew $8 million from the data consulting firm before it shut down in the wake of Facebook data breach scandal. The Financial Times on Wednesday reported that Alexander Nix banked the money for "unbooked services" after the first media reports in March revealed that London-based Cambridge Analytica had illicitly harvested 87 million Facebook accounts to target voters during Donald Trump's successful 2016 presidential campaign. Ca...
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Cambridge Analytica: Will data scandal firm return from the dead? - BBC News

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Image copyright Reuters Image caption Cambridge Analytica's Washington office has been left unmanned Are Cambridge Analytica and its parent SCL Elections as dead as they seem? The businesses issued a statement on Wednesday, saying they had started bankruptcy proceedings, blaming a "siege of media coverage" related to the Facebook data-harvesting scandal for the decision. The document added that staff were being laid off as a consequence. But the role of two other London-registered operati...
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Cambridge Analytica bosses set up two new companies in London | Daily Mail Online

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Publication Date: 2018-05-04
Cambridge Analytica this week issued a statement saying it was starting bankruptcy proceedings due to a 'seige of media coverage'. However, this may not be the end for its owners. Two new London-based companies, Firecrest Technologies and Emerdata, have been set up with the same registered address, same purpose and same directors. A former Cambridge Analytica employee and senior lawmakers have suggested these two companies could be picking up where Cambridge Analytica left off. The scanda...
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Cambridge Analytica chief 'withdrew $8m' from firm before its collapse | Daily Mail Online

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Publication Date: 2018-06-06
The polo-loving boss of Cambridge Analytica has today said had got 'carried away' and was 'foolish' when he said his firm would use 'beautiful girls' to seduce politicians. Alexander Nix faced MPs and told them that an undercover film where he claimed Ukrainian prostitutes 'worked well' for honeytraps was a 'lie' to impress potential clients. Mr Nix was suspended as Chief Executive of CA in March after it emerged that it was mining Facebook accounts and selling the data on without permissio...
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Cambridge Analytica bosses set up two new companies in London | Daily Mail Online

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Publication Date: 2018-05-04
Cambridge Analytica this week issued a statement saying it was starting bankruptcy proceedings due to a 'seige of media coverage'. However, this may not be the end for its owners. Two new London-based companies, Firecrest Technologies and Emerdata, have been set up with the same registered address, same purpose and same directors. A former Cambridge Analytica employee and senior lawmakers have suggested these two companies could be picking up where Cambridge Analytica left off. The scanda...
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Cambridge Analytica: Will data scandal firm return from the dead? - BBC News

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Image copyright Reuters Image caption Cambridge Analytica's Washington office has been left unmanned Are Cambridge Analytica and its parent SCL Elections as dead as they seem? The businesses issued a statement on Wednesday, saying they had started bankruptcy proceedings, blaming a "siege of media coverage" related to the Facebook data-harvesting scandal for the decision. The document added that staff were being laid off as a consequence. But the role of two other London-registered operati...

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