The US Justice Department and the FBI are investigating Cambridge Analytica, the now-defunct political data company involved in a scandal over its collection of personal data from tens of millions of Facebook users, according to the New York Times.

Prosecutors reportedly aim to question former CA employees and banks that handled its business, and also find out how the company acquired and used the personal data of Facebook users.

Cambridge Analytica said it would shut down earlier this month after losing clients and facing high legal fees from the Facebook data scandal.

According to Reuters, Cambridge Analytica was created around 2013, initially with a focus on U.S. elections, with USD 15 million in backing from billionaire Republican donor Robert Mercer and a name chosen by future Trump White House adviser Steve Bannon, the New York Times has reported. Bannon left the White House on August 2017.



The post NYT: US investigating Cambridge Analytica appeared first on Business Review.