From CNBC: 2024-08-20 08:10:35

Mike Lynch, founder of Autonomy, was acquitted of fraud charges in June after allegations of inflating Autonomy’s value in an $11.7 billion sale to HP. Just two months later, he was reported missing after a superyacht sank off the coast of Sicily.
The yacht, called the Bayesian, capsized at 4 a.m. after being struck by a violent storm. Lynch’s wife survived, but one man died, and six people, including Lynch’s daughter, are missing. Morgan Stanley International chairman, Jonathan Bloomer and others are also missing.
Lynch, once nicknamed “Britain’s Bill Gates,” founded Autonomy in 1996, becoming one of Britain’s biggest tech firms. He was acquitted of fraud charges in a surprise victory earlier this year after being accused of inflating the company’s value in a sale to HP.
Lynch had been extradited to the U.S. to stand trial over HP’s allegations, but was ultimately acquitted. Lynch, who denied wrongdoing, was involved in helping tech startups get off the ground and previously made the Forbes billionaires list. He has hobbies including farming rare breeds.

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