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UK tech tycoon Lynch cleared of HP fraud charges in $16.5b deal

Rachel Graf
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San Francisco | UK tech tycoon Mike Lynch was found not guilty of criminal charges that he pulled off Silicon Valley’s biggest-ever fraud 13 years ago by duping Hewlett Packard into buying his software start-up for $US11 billion ($16.5 billion).

His victory is stunning after he lost a civil trial in the UK in 2022 over allegations that he and Autonomy’s former finance chief used accounting tricks to inflate the company’s revenue ahead of its 2011 sale.

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    Original URL: https://www.afr.com/world/north-america/uk-tech-tycoon-lynch-cleared-of-hp-fraud-charges-in-us-trial-20240607-p5jjzx