“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.
March 19, 2024 at 12:06 PM
6 minute read
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.
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Mike Lynch was sometimes called the Bill Gates of Britain before allegations that he defrauded shareholders and duped HP into overpaying for his company sullied his reputation. Photo: Graham Barclay/Bloomberg News
