Category Archives: Autonomy

Mike Lynch confirmed dead after yacht sank off Sicily coast during storm

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Tech tycoon, 59, was among six people missing since early hours of Monday morning when Bayesian yacht capsized

The British tech entrepreneur Mike Lynch has been confirmed dead by search and rescue authorities after his yacht sank off the coast of Sicily during a violent storm, according to officials.

Lynch, 59, the founder of Autonomy Corporation, was among six people missing after the British-flagged 56-metre sailing boat Bayesian capsized at about 5am local time on Monday off the coast of Palermo when the area was hit by a tornado.

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Sicily yacht wreck divers find bodies of five missing people

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Identities not disclosed but UK tech entrepreneur Mike Lynch and his daughter were among those onboard

Divers scouring the wreck of the luxury yacht that sank off the coast of Sicily on Monday have found the bodies of five of the six missing passengers.

The UK tech entrepreneur Mike Lynch, his teenage daughter Hannah Lynch, the Morgan Stanley International chair, Jonathan Bloomer, his wife, Judy, and the Clifford Chance lawyer Chris Morvillo and his wife, Neda, have been missing since the vessel went down on Monday morning.

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Italian investigators trying to establish why Bayesian superyacht sank so quickly

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Bodies of missing people recovered as witnesses and experts ponder fate of ship hit by localised storm off Sicily

Fishers in the Sicilian village of Porticello who witnessed the Bayesian superyacht sink rapidly in a violent storm on Monday say that the vessel was in the wrong place at the wrong time.

But for Italian prosecutors investigating the incident, their focus will be on whether the captain and crew took all the necessary safety measures to prevent the tragedy.

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Sicily yacht sinking: five bodies reportedly found; two identified – as it happened

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English banker Jonathan Bloomer and American lawyer Chris Morvillo reportedly confirmed as among bodies recovered by Italian rescuers

Reuters, citing a source, reports that one of the two bodies found by divers is a “heavily built man.”

Italian rescue divers have found two bodies inside the sunken luxury yacht, Reuters reported citing a source.

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Bayesian yacht sinking: six presumed dead as divers try to access cabins

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UK tech entrepreneur Mike Lynch and daughter among those thought to have been trapped when storm hit off Sicily

Six people are now presumed dead after the super yacht they were onboard sank in a violent storm off the coast of Sicily.

Divers tried in vain on Tuesday to gain access to the inside of the sunken 56-metre Bayesian luxury vessel, where rescue crews believe those missing may have been trapped.

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Sicily yacht sinking: body found confirmed to be chef Recaldo Thomas as missing passengers feared dead – as it happened

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Thomas was one of ten crew members onboard Bayesian yacht, says Italian coastguard, as passengers including tech tycoon Mike Lynch remain missing

Lorenzo Tondo reporting from Porticello

Fabio Cefalù, 36, a fisher from Porticello, was one of the first to attempt providing assistance to the Bayesian.

We went to see what had happened. We only saw the floating debris of the boat. We immediately called the Coast Guard.

The sea was terrible. The wind very strong. The storm destroyed my solar panels. The vessel was hit head-on. I thought I would find someone in the sea. But nothing. The boat had disappeared from the radar.

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Sicily yacht sinking: Morgan Stanley International chair Jonathan Bloomer among missing

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UK tech entrepreneur Mike Lynch and daughter also among six unaccounted for after superyacht was hit by tornado and sank

Morgan Stanley International chairman Jonathan Bloomer is among those missing after a yacht carrying UK tech entrepreneur Mike Lynch sank off the coast of Sicily during a violent storm, an Italian official has said.

Salvatore Cocina, head of the civil protection agency in Sicily, said Bloomer and Chris Morvillo, a lawyer at Clifford Chance, were among the six people missing. Lynch and his 18-year-old daughter, Hannah, were also unaccounted for as of late Monday.

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UK tech entrepreneur Mike Lynch among missing in Sicily yacht sinking

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One man dead and six people missing including Lynch and his daughter after superyacht carrying 22 sank in storm

The British tech entrepreneur Mike Lynch is missing after a superyacht sank off the coast of Sicily during a violent storm.

The British-flagged Bayesian, a 56-metre sailboat, was carrying 22 people and was anchored just off shore near the port of Porticello when it was hit by a tornado in the early hours, the Italian coastguard said in a statement.

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Tech titan Mike Lynch testifies at fraud trial that Autonomy was ‘not perfect’

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UK founder, accused of inflating sales and misleading regulators, takes stand and says he wasn’t fully responsible for firm’s decisions

The British entrepreneur Mike Lynch took the stand on Thursday in a San Francisco federal courthouse as a key witness in his own criminal fraud trial, defending his role at Autonomy, the tech firm he co-founded and then sold.

The trial continued as planned Thursday despite the defense team moving for a mistrial over alleged improper questioning of a witness by the prosecution. Lynch’s defense team called the questioning, which indirectly referenced the tech titan’s extradition, “egregious” and ‘’highly improper” in a filing.

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Tech tycoon Mike Lynch, accused of ‘massive’ fraud, set to testify at US trial

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Lawyers for founder of software firm Autonomy, charged over $11bn Hewlett-Packard deal, suggest they may move for mistrial

The British entrepreneur Mike Lynch is expected to take the stand in a San Francisco federal courthouse on Thursday as a key witness in his own criminal fraud trial, which began in March.

US authorities have charged the former software tycoon with 16 counts of wire fraud, securities fraud and conspiracy relating to his company’s acquisition deal with Hewlett-Packard in 2011. If convicted, Lynch faces up to 25 years in prison. He has pleaded not guilty.

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Prosecutors say Mike Lynch firm ‘paid customers to buy software’ as part of revenue fraud

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New Jersey executive testified that the UK company Autonomy made millions of dollars’ worth of deals offering to fund purchases

The British technology firm Autonomy struck millions of dollars’ worth of “handshake deals” through which it paid customers to buy its software, the jury in the fraud trial of its co-founder Mike Lynch has heard.

Lynch, who co-founded and led Autonomy, has pleaded not guilty to 16 counts of wire fraud, securities fraud and conspiracy. He stands accused of orchestrating a huge fraud before Hewlett-Packard’s blockbuster takeover of the company in 2011.

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Mike Lynch trial: defense points to difference in accounting standards

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Lawyers for UK tech tycoon facing 25 years in jail suggest US workers did not understand UK accounting principles

Lawyers for Mike Lynch tried to highlight differences between UK and US accounting standards as they defended the British businessman against allegations he orchestrated a “massive” years-long fraud.

Lynch, who founded and led Autonomy, a UK software firm, is fighting to avoid prison after federal prosecutors in the US charged him with 16 counts of wire fraud, securities fraud and conspiracy. His criminal trial started in San Francisco on Monday.

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Criminal fraud trial of UK tech tycoon Mike Lynch to begin

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Co-founder of Autonomy charged with 16 counts of wire fraud, securities fraud and conspiracy in 2011 sale of company to HP

A British technology tycoon once lauded as “Britain’s Bill Gates” was the “driving force” behind a “massive” years-long fraud, prosecutors alleged, as his criminal trial got under way in San Francisco on Monday.

Prosecutors said Mike Lynch, co-founder of the UK software company Autonomy, ruled the firm “with an iron fist” before its blockbuster takeover by Hewlett-Packard in 2011.

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Darktrace boss defends UK cybersecurity firm amid short-seller attacks

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Embattled firm to launch £75m share buyback to bolster stock price after criticism of sales and marketing

The chief executive of Darktrace has launched a staunch defence of the embattled cybersecurity company saying it is run with the “greatest integrity”, after allegations of irregular sales, marketing and accounting practices raised by a US-based hedge fund.

Poppy Gustafsson published a 1,200 word defence of the company she co-founded in 2013, after its share price collapsed to a record low after the publication of a highly critical 70-page report by New York-based Quintessential Capital Management (QCM) on Tuesday.

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