Cambridge Analytica's CEO allegedly took $8 million from the firm before its closure

Reuters

• Former Cambridge Analytica CEO Alexander Nix allegedly withdrew more than $8 million from the British data firm before its collapse last month.
• The Financial Times, citing sources, reported that Nix took the cash shortly after media reports of Cambridge Analytica's involvement in the Facebook data scandal.
• He is now in dispute with investors over returning the money, which was reportedly intended to help get successor data firm, Emerdata, off the ground.
• Nix is yet to respond to requests for comment, but will appear in front of British lawmakers on Wednesday.

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The former CEO of Cambridge Analytica allegedly withdrew more than $8 million (£6 million) from the British data firm before its collapse last month.

The Financial Times reported on Wednesday that Alexander Nix is in dispute with investors after he allegedly walked away with the cash, while Cambridge Analytica staff and investors salvaged little or nothing from the company's closure.

See the rest of the story at Business Insider

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