September 21, 2024
44 S Broadway, White Plains, New York, 10601
INVESTING News TECH

Shocking Twist: Acquitted HP-Autonomy Fraud Suspect Vanishes at Sea!

Shocking Twist: Acquitted HP-Autonomy Fraud Suspect Vanishes at Sea!

Mike Lynch, a prominent figure in the U.K. tech industry, has been reported missing after the tragic capsizing of his yacht, the Bayesian, in a storm off the Sicilian coast. The incident, caused by a major storm and a water column resembling a tornado, has left Lynch and five others unaccounted for, including his 18 year-old daughter and Morgan Stanley International chairman Jonathan Bloomer. This is a stark turn of events for Lynch, who recently celebrated being acquitted of criminal charges in the U.S., a victory that marked the end of a decade-long legal battle with HP over the acquisition of his firm, Autonomy.

Here are some key points about Mike Lynch and the unfortunate incident:

  • Lynch was the founder of Autonomy, an enterprise technology company that was acquired by HP for $11 billion in 2011.
  • Following the acquisition, legal disputes erupted between Lynch and HP, culminating in Lynch being charged with fraud and conspiracy in a U.S. criminal case that concluded with his acquittal in June.
  • Lynch, an active investor and founder of Invoke Capital, had significant stakes in tech companies like Darktrace, Sophia Genetics, Featurespace, and Luminance.
  • Lynch’s disappearance at sea has shocked the tech community and cast a shadow over his vibrant career and legal battles.
  • Despite the tragic events, Lynch’s loved ones, friends, and colleagues remain hopeful as authorities continue their search for him and the other missing individuals.

As the search for Mike Lynch and the other missing individuals continues, our thoughts are with them and their families. The tech community awaits updates on this heartbreaking situation, hoping for a resolution soon.

Leave feedback about this

  • Quality
  • Price
  • Service

PROS

+
Add Field

CONS

+
Add Field
Choose Image
Choose Video