Recent events in the United States resulted in his acquittal on 15 charges of fraud.
According to numerous news organizations, it has been reported that Mike Lynch, a 59-year-old computer entrepreneur from the United Kingdom, has passed away after multiple days of search and rescue efforts. Bayesian, a superyacht measuring 183 feet in length, sank in a fierce storm off the coast of Sicily at approximately five o’clock in the morning local time on Monday the following day. The incident resulted in the rescue of 15 people and the discovery of one body soon after it occurred. Lynch was one of the 22 people who were on board, which included both passengers and crew. The bodies of five additional individuals, including Lynch’s, have been found since then. According to Reuters, which cites sources close to the rescue operation, the only person who is still missing at this time is his daughter.
In addition to establishing the venture capital firm Invoke Capital, Lynch was a co-founder of the technology businesses Autonomy and Darktrace. Lynch has been embroiled in a legal struggle for the past decade and a half, following the sale of Autonomy to Hewlett-Packard for a total of eleven billion dollars. The charges against Lynch include that he inflated revenues and misled HP. In June, a jury in San Francisco found him not guilty of all 15 counts filed against him for fraud.
Lynch’s family, friends, and members of his professional network were invited to join him on the boat voyage, which was intended to be a celebration of his recent victory. Neda Morvillo, the cook of the yacht, Chris Morvillo, a lawyer at Clifford Chance who represented Lynch and Judy, and Jonathan Bloomer, a non-executive chairman of Morgan Stanley International, are among the other members of the deceased. Mrs. Angela Bacares, who is married to Lynch, managed to flee the carnage and is now safe.
Stephen Chamberlain, who is 52 years old and is Lynch’s co-defendant, too experienced a crisis this week. It was reported by the BBC that he was out running in Cambridgeshire, England, on Saturday, August 17, when he was struck by a car. He ultimately succumbed to his injuries and passed away.