Cambridge Analytica CEO Allegedly Sent $8.2Mln to His Other Firm - Shareholders

Some of the Cambridge Analityca shareholders told the Financial Times newspaperon Wednesday, that the firm's head Alexander Nix allegedly withdrew $8.2 million right after the first publications about the misue of user data.

They also stated that Nix and his companions set up a new company, Emerdata, in order to rebrand their old firm and recover from the data mining scandal.

Facebook, Google Sued Over Failure to Disclose Data on Political Ads

5 June 2018, 07:34 GMT

Businessmen from around the world invested $19 million in Emerdata, however, insiders claimed, that Cambridge Analytica additionally sent up to $8.2 million in the form of a loan. According to the newspaper, bankruptcy documents filed in New York show that the cash may be never paid back due to its "non-priority" classification.

The Financial Times also reported that Nix had previously promised to return some of the money, but the businessman didn't address the new wave of allegations.

Last March Nix was secretly filmed while bragging about doing "all the research" and analytics during Donald Trump's presidential campaign. He also claimed, he had allegedly used "beautiful" Ukrainian sex workers to seduce politicians.

US Justice Dept. Opens Probe Into Cambridge Analytica - Reports

16 May 2018, 04:16 GMT

The scandal that erupted around Cambridge Analytica's alleged misuse of Facebook has resulted in a major shift in data policies around the globe, also provoking numerous investigations. Facebook CEO Mark Zuckerberg had to testify before the US Congress and apologize to users for giving Cambridge Analytica access to the personal data of tens of millions of users without their consent.