Prosecutors say Mike Lynch firm ‘paid customers to buy software’ as part of revenue fraud
New Jersey executive testified that the UK company Autonomy made millions of dollars’ worth of deals offering to fund purchasesThe British technology firm Autonomy struck millions of dollars’ worth of “handshake deals” through which it paid customers to buy its software, the jury in the fraud trial of its founder, Mike Lynch, has heard.Lynch, who co-founded and led Autonomy, has pleaded not guilty to 16 counts of wire fraud, securities fraud and conspiracy. He stands accused of orchestrating a huge fraud before Hewlett-Packard’s blockbuster takeover of the company in 2011. Continue reading...
New Jersey executive testified that the UK company Autonomy made millions of dollars’ worth of deals offering to fund purchases
The British technology firm Autonomy struck millions of dollars’ worth of “handshake deals” through which it paid customers to buy its software, the jury in the fraud trial of its founder, Mike Lynch, has heard.
Lynch, who co-founded and led Autonomy, has pleaded not guilty to 16 counts of wire fraud, securities fraud and conspiracy. He stands accused of orchestrating a huge fraud before Hewlett-Packard’s blockbuster takeover of the company in 2011. Continue reading...
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