Autonomy founder Mike Lynch extradited to the U.S. to face fraud prices

Autonomy founder Mike Lynch extradited to the U.S. to face fraud prices


Mike Lynch, previous chief executive officer of Autonomy Corp departs the Rolls Constructing on June 27, 2019 in London, England.

Dan Kitwood | Getty Photos

LONDON — British tech entrepreneur Mike Lynch has been extradited to the U.S. to face fraud charges in relation to the sale of his computer software organization Autonomy to Hewlett Packard.

Lynch arrived in the U.S. on Thursday afternoon and is at this time detained in San Francisco until eventually bail conditions are met, his spokesperson verified to CNBC. He experience prices of securities and wire fraud in relation to the sale of his business Autonomy to HP for $11 billion.

The entrepreneur attended an arraignment hearing on Thursday and was ordered to pay a $100 million bail to be released on home arrest, the spokesperson explained.

The news was 1st noted by Sky News.

It will come soon after Lynch shed a Superior Court docket battle to charm extradition previous month.

This is a breaking news story and will be updated soon.



Source

Meta expands Nvidia deal to use millions of AI chips in data center build-out, including standalone CPUs
World

Meta expands Nvidia deal to use millions of AI chips in data center build-out, including standalone CPUs

Meta’s 5-gigawatt Hyperion data center under construction in Richland Parish, Louisiana, Jan. 9, 2026. Courtesy of Meta Meta will use millions of Nvidia chips in its artificial intelligence data centers, including Nvidia’s new standalone CPUs and next-generation Vera Rubin systems, in a sweeping new deal announced Tuesday. Meta CEO Mark Zuckerberg said in a statement […]

Read More
Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought
World

Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought

Baupost Group’s Seth Klarman picked up Amazon in the fourth quarter, a bet that has yet to work out for the value investor this year as tech stocks take a hammering. The Boston-based hedge fund manager took a new position in Amazon amounting to $489.7 million, making the online retailer the firm’s second-largest holding, according […]

Read More
Return of ‘YOLO’ market: Wells Fargo thinks hefty tax refunds will boost bitcoin and these speculative stocks
World

Return of ‘YOLO’ market: Wells Fargo thinks hefty tax refunds will boost bitcoin and these speculative stocks

Some tax filers may get fatter refunds this year than in those past — a fact that is likely to boost investments into risk-on assets like stocks and bitcoin, according to Wells Fargo. That’s because the “big beautiful bill,” which was passed last summer, includes several favorable provisions for 2025 tax filers. Additionally, the IRS […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus