Search
Categories
Hot topics close

As Fraud Trial Opens, Tech Titan Who Wooed HP Cast as Accounting Alchemist, 'Startup Guy' Who Delegated Details ...

As Fraud Trial Opens Tech Titan Who Wooed HP Cast as Accounting Alchemist Startup Guy Who Delegated Details
“HP needed someone to blame. They had an $11 billion debacle on their hands. They were actually better at finding a scapegoat than at integrating a company,” Reid Weingarten, lead attorney for Autonomy CEO Mike Lynch, told a jury Monday.

Over the next 10 weeks, a federal jury will get to know the many sides of Mike Lynch, the hard-charging entrepreneur behind what once was one of Britain’s biggest and most successful tech companies.

To federal prosecutors, Lynch, 58, is the perpetrator of an epic fraud—a spinner of tales and cooker of books who falsely inflated the revenue of his software firm, Autonomy, ahead of its ill-fated $11 billion sale to HP more than a decade ago.

Similar news
News Archive
  • Ed
    Ed
    WATCH: Fox's Ed Henry makes emotional return to network after donating portion of his liver to his sister
    6 Sep 2019
    8
  • Pete Frates
    Pete Frates
    Pete Frates death: Man who inspired ice bucket challenge dies after ALS battle, aged 34
    10 Dec 2019
    3
  • Adelaide Cottage Windsor
    Adelaide Cottage Windsor
    Prince William and Kate Middleton want to move into Adelaide Cottage near the Queen's Windsor home
    2 May 2022
    2
  • Primodos
    Primodos
    Primodos: Damning review of 'birth defects' drug slates failure to act
    8 Jul 2020
    1
  • Alevel results 2019
    A-level results 2019
    A-level results 2019: Students await results from reformed exams - live
    14 Aug 2019
    2