What have we learned from week one of Mike Lynch’s US fraud trial?
The criminal trial over the $11bn sale of Autonomy to HP saw prosecutors calling him ‘Dr Lynch’ – and defense using ‘Mike’At the height of his career, Mike Lynch – once the UK’s leading tech entrepreneur, hailed as “Britain’s Bill Gates” – sold his software firm to a Silicon Valley giant in an $11bn (£8.6bn) deal. Last Monday, more than a dozen years later, that deal became the centrepiece of a trial in San Francisco.Lynch has been charged with 16 counts of wire fraud, securities fraud and conspiracy by the US authorities, who claim that Hewlett-Packard’s troubled acquisition of Lynch’s Autonomy was built on lies. If convicted, he faces up to 25 years in jail. He has pleaded not guilty. Continue reading...
The criminal trial over the $11bn sale of Autonomy to HP saw prosecutors calling him ‘Dr Lynch’ – and defense using ‘Mike’
At the height of his career, Mike Lynch – once the UK’s leading tech entrepreneur, hailed as “Britain’s Bill Gates” – sold his software firm to a Silicon Valley giant in an $11bn (£8.6bn) deal. Last Monday, more than a dozen years later, that deal became the centrepiece of a trial in San Francisco.
Lynch has been charged with 16 counts of wire fraud, securities fraud and conspiracy by the US authorities, who claim that Hewlett-Packard’s troubled acquisition of Lynch’s Autonomy was built on lies. If convicted, he faces up to 25 years in jail. He has pleaded not guilty. Continue reading...
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