NEW YORK: British political consulting group Cambridge Analytica filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court documents showed. The firm, whose attorney filed late Wednesday, announced early May that it would close and file for bankruptcy in Britain and the United States after failing to recover from the Facebook data scandal. The documents, seen by AFP, listed Cambridge Analytica LLC’s estimated assets in the range of US$100,001 and US$500,000, with estimated liabilities between US$1 million and US$10 million. Meanwhile, another whistleblower said Britons’ personal data may have been misused by a pro-Brexit campaign ahead of the 2016 referendum in which Britain voted to leave the European Union. Wylie has also since told a Senate panel on interference in the 2016 US election that CA had used Russian researchers and shared data with companies linked to Russian intelligence.

Source: New Strait Times May 18, 2018 08:37 UTC