Former Cambridge Analytica Chief Executive Officer Alexander Nix said reports that he withdrew $8 million from his now-defunct company are untrue, and that he lied to an undercover journalist because he believed it was what "the client wanted to hear," Bloomberg News reported. He told a committee of British lawmakers investigating the impact of social media on recent elections yesterday that he now has "no involvement" in Cambridge Analytica, which is moving through bankruptcy proceedings in the U.S., or associated companies that are under management of a court appointed administrator in the U.K. The Financial Times reported on Tuesday that investors who reportedly want to rebrand and relaunch Cambridge Analytica are in a dispute with Nix after he allegedly withdrew millions of dollars from the company shortly before it collapsed, citing people involved in the dispute.
