The ruling by the UK’s High Court could also lead to Lynch’s extradition to the United States, where he faces further charges.
wrangling, HP has won its civil fraud case against Autonomy founder and chief executive Mike Lynch. The, the biggest civil fraud trial in UK history, could also increase the likelihood of Lynch being extradited to the United States where he faces further fraud charges.
This week’s events are the latest twist in an extradition process that began in November 2019, when the US Embassy in Londonfor Lynch to face trial in the United States on 17 counts, including wire fraud, conspiracy and securities fraud. Lynch denies all charges against him. Nicholas Ryder, professor in financial crime at the University of the West of England describes it as the “Colt-45 for the US Department of Justice”—an all-pervasive and powerful move. “That’s their go-to charge.
some former members of Autonomy’s management team “used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of [Autonomy].” Among them was Lynch, then CEO of the firm.in the UK against Lynch, alleging he was involved in the publication of false accounts that overstated how valuable Autonomy’s business was.
The case highlights a curiosity in parallel, twin-track legal proceedings. “We have a situation where a UK citizen, based in the UK, is accused of fraud against an American company,” says Thomas Cattee, a solicitor at UK immigration law firm Gherson, which has been monitoring the Lynch legal case. That American company used the UK courts to pursue civil action. Yet the US Department of Justice subsequently wants to pursue criminal charges against Lynch in the United States.
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