{"id":13821,"date":"2024-03-23T09:39:37","date_gmt":"2024-03-23T08:39:37","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/03\/23\/what-have-we-learned-from-week-one-of-mike-lynchs-us-fraud-trial\/"},"modified":"2024-03-23T09:39:37","modified_gmt":"2024-03-23T08:39:37","slug":"what-have-we-learned-from-week-one-of-mike-lynchs-us-fraud-trial","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/03\/23\/what-have-we-learned-from-week-one-of-mike-lynchs-us-fraud-trial\/","title":{"rendered":"What have we learned from week one of Mike Lynch\u2019s US fraud trial?"},"content":{"rendered":"<p>The criminal trial over the $11bn sale of Autonomy to HP saw prosecutors calling him \u2018Dr Lynch\u2019 \u2013 and defense using \u2018Mike\u2019<\/p>\n<p>At the height of his career, Mike Lynch \u2013 once the UK\u2019s leading tech entrepreneur, hailed as \u201cBritain\u2019s Bill Gates\u201d \u2013 sold his software firm to a Silicon Valley giant in an $11bn (\u00a38.6bn) deal. Last Monday, more than a dozen years later, that deal became the centrepiece of a<a href=\"https:\/\/www.theguardian.com\/business\/2024\/mar\/16\/mike-lynch-criminal-fraud-trial\"> trial<\/a> in San Francisco.<\/p>\n<p>Lynch has been charged with 16 counts of wire fraud, securities fraud and conspiracy by the US authorities, who claim that Hewlett-Packard\u2019s <a href=\"https:\/\/www.theguardian.com\/business\/2011\/aug\/19\/hewlett-packard-takeover-autonomy-software\">troubled acquisition of Lynch\u2019s Autonomy<\/a> was built on lies. If convicted, he faces up to 25 years in jail. He has pleaded not guilty.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2024\/mar\/23\/mike-lynch-uk-tech-titan-us-criminal-trial\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/0a3411102ac9cef94ff669027d2da1d54fd9cb61\/139_30_2227_1336\/master\/2227.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=04d1e8e96f67bb42b8f6d89f0f78d9ec\" title=\"What have we learned from week one of Mike Lynch\u2019s US fraud trial?\" \/>The criminal trial over the $11bn sale of Autonomy to HP saw prosecutors calling him \u2018Dr Lynch\u2019 \u2013 and defense using \u2018Mike\u2019<br \/>\nAt the height of his career, Mike Lynch \u2013 once the UK\u2019s leading tech entrepreneur, hailed as \u201cBritain\u2019s Bill Gates\u201d \u2013 sold his software firm to a Silicon Valley giant in an $11bn (\u00a38.6bn) deal. Last Monday, more than a dozen years later, that deal became the centrepiece of a trial in San Francisco.<br \/>\nLynch has been charged with 16 counts of wire fraud, securities fraud and conspiracy by the US authorities, who claim that Hewlett-Packard\u2019s troubled acquisition of Lynch\u2019s Autonomy was built on lies. If convicted, he faces up to 25 years in jail. He has pleaded not guilty. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The criminal trial over the $11bn sale of Autonomy to HP saw prosecutors calling him \u2018Dr Lynch\u2019 \u2013 and defense using \u2018Mike\u2019 At the height of his career, Mike Lynch \u2013 once the UK\u2019s leading tech entrepreneur, hailed as \u201cBritain\u2019s Bill Gates\u201d \u2013 sold his software firm to a Silicon Valley giant in an $11bn &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/03\/23\/what-have-we-learned-from-week-one-of-mike-lynchs-us-fraud-trial\/\"> <span class=\"screen-reader-text\">What have we learned from week one of Mike Lynch\u2019s US fraud trial?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":13822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13821"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=13821"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/13822"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=13821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=13821"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=13821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}