Mike Lynch became one of the very few people to score an acquittal in his recent federal criminal case. But months later, that luck was wiped away.
and his co-defendant, Stephen Chamberlain, seemed to be the luckiest of unlucky men on June 6 this year, when they were found not guilty of fraud charges that could have landed them in prison for 25 years.
And then, on Monday, Lynch was among the six declared missing after a tornadic waterspout sunk the 184-foot sailing yacht Bayesian, as it was anchored a half-mile off the coast of Sicily. Lynch’s younger daughter, 18-year-old Hannah, who had recently earned a place at Oxford, was also missing. So were one of the defense attorneys in the case, former federal prosecutor Christopher Morvillo, and his wife.
He studied machine learning before it was fashionable, and co-founded a series of start-ups. One was Autonomy Technology, which he sold to Hewlett-Packard for $11.7 billion after a secret meeting with its top executives in 2011. Hewlett-Packard’s then-CEO, Léo Apotheker, had hoped to turn it from a faltering computer hardware clunker into a high-profit software giant. He ended up taking the combined companies towards an $8 billion loss.
The judge in San Francisco was Charles Breyer, brother of U.S. Supreme Court Justice Stephen Breyer. Charles had also overseen the trial of Lynch’s right-hand man, Autonomy Chief Financial Officer Sushovan Hussain, on fraud charges, in the same courtroom some months before. Hussain had been convicted. Lynch and Chamberlain seemed all but sure to suffer the same fate as their trial commenced in March of 2024.
Lynch added, “I’ve sat and watched a parade of witnesses that I’ve never met and some that I may have just shaken their hand, and I’ve heard about a series of transactions I have no involvement in.”
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