Extradited British tech founder Mike Lynch starts U.S. fraud trial
The Star Online - Tech·2024-03-18 19:05
(Reuters) - Mike Lynch, the wealthy tech founder once hailed as Britain's answer to Steve Jobs, will face a U.S. jury in California on Monday at a trial over the accusation he defrauded Hewlett-Packard in the $11 billion sale of his software company Autonomy.
Federal prosecutors in San Francisco accuse Autonomy co-founder Lynch and former finance executive Stephen Chamberlain of inflating the company's revenue starting in 2009 -- a scheme prosecutors say resulted in HP's disastrous acquisition of the company in 2011.
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