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Former Cambridge Analytica boss banned from operating corporations

Alexander Nix, CEO of Cambridge Analytica, middle, arrives on the workplaces of Cambridge Analytica in central London, Britain, March 20, 2018.

Henry Nicholls | Reuters

LONDON — Alexander Nix, the previous chief government of Cambridge Analytica, has been banned from operating restricted corporations in Britain for seven years. 

The U.Okay. Insolvency Service announced the decision Thursday, saying Nix permitted corporations to supply doubtlessly unethical companies to potential purchasers. The 45-year-old, who lives in West London, has agreed to not take any holding firm directorships from early subsequent month.

Restricted corporations within the U.Okay. prohibit the legal responsibility of the those who run them, and are much like companies within the U.S.

Along with being a Cambridge Analytica director, the Eton-educated entrepreneur was additionally a director at mother or father firm SCL Elections.

The Insolvency Service mentioned the ban was issued on the premise that Nix induced or permitted SCL Elections to supply “unethical companies” together with bribery and honeypot stings, voter disengagement campaigns, the acquiring of data to discredit opponents and spreading data anonymously in political campaigns. 

Cambridge Analytica turned notorious after it emerged the corporate had improperly gained entry to the delicate consumer data of as many as 87 million Facebook customers with out their data or permission. The knowledge was used by the Donald Trump campaign ahead of the 2016 U.S. presidential election. 

Nix was additionally recorded on hidden camera implying the analysis agency used manipulation and bribery to be taught data on political candidates.

Mark Bruce, chief investigator for the Insolvency Service, mentioned in a press release: “Following an in depth investigation, our conclusions had been clear that SCL Elections had repeatedly supplied shady political companies to potential purchasers over a variety of years.”

In a press release shared with CNBC, Nix identified that a number of investigations have concluded that he didn’t break any legal guidelines. 

“In relation to my undertakings to the Secretary of State, I’ve made no admission of wrongdoing and importantly the Authorities didn’t search to press that I had breached any legal guidelines,” he mentioned. 

Nix added: “After two and a half years of investigations, based mostly on a litany of false allegations originated by a disgruntled former worker, I made a decision to convey this chapter to a detailed and keep away from an pointless prolonged and costly courtroom case.”

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