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Grim news coming in from Sicily , Italy . Mike Lynch , the U.K. investor and founder of IT company Autonomy , has been identified as one of two consistency recovered from theBayesian , the racing yacht that sink off the coast of Sicily early Monday , according to severalreportscomingoutof the country thatcitethe gaffer of Civil Protection , Salvo Cocina .
Lynch ’s daughter , Hannah , has also been identified . Both are show on the right .
“ The Lynch sept is devastate , in jounce and is being comforted and fend for by syndicate and acquaintance . Their opinion are with everyone impress by the tragedy , ” a spokesperson for the Lynch kinsfolk said in a statement . “ They would like to sincerely thank the Italian coastguard , emergency services and all those who facilitate in the rescue . Their one asking now is that their privacy be observe at this time of unspeakable grief . ”
The news program crest off a down few days of events . The gravy holder , registered to Lynch ’s wife , Angela Bacares , quickly capsized in the former 60 minutes of Monday after it was struck by a tornado - like water column . Bacares was among the 15 survivor , but three bodies have now been found and four more are still being recovered from the shipwreck . Those yet to be found include the international chairman of Morgan Stanley bank , his married woman , a attorney from New York who worked with Lynch , and his wife .
As wepreviously report , theBayesianwas on a ocean trip to lionise Lynch ’s acquittal in a criminal fraud trial in the U.S. before this summer . That tribulation also involved a cobalt - suspect , Stephen Chamberlain .
In a tragic happenstance , Chamberlain was hit by a machine last Saturday and died of his wound sooner this hebdomad .
Lynch was one of the most well - known and colorful figures in the U.K. engineering science world — sometimes consult to as the “ Bill Gates of U.K. technical school . ”
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HPacquired Lynch ’s enterprisingness technology house Autonomy in 2011for $ 11 billion — a major milestone for U.K. technology and one of the heavy tech M&A deals at the prison term . But it quickly turn over glum , and HPsuedLynch and Autonomy ’s theatre director of finance , Chamberlain , argue it was misled in the transaction .
HP claim that the softwood extend to a $ 4 billion+ loss — money it then exact from Lynch and Chamberlain . Lynch ( pictured above , leave ) and his co - defendant long asserted that they acted in good faith and were being made into scapegoat over a merger gone bad .
That legal drama went on for more than a tenner and postulate a horde of other thorny chapters , including Lynch ’s extradition to the U.S. overthe DoJ criminal suit(the one that only latterly concluded with acquittal ) and a raft of very bad promotional material for him . It also included a second , civic case that took property in 2022 in the U.K. , which Lynch fall behind .
The U.S. vicious event , where Lynch and Chamberlain were charge with 15 counts of fraud and conspiracy and could have spell jail for the pair , drop dead to trial sooner this class in San Francisco . Then ultimately , in June , Lynch and Chamberlain were clear .
In the interim year , Lynch built up a profile in the U.K. as a salient investor , most conspicuously as the father ofInvoke Capital .
The VC firm was the swelled investor in cybersecurity firm Darktrace , a connection that wasnot without its own disceptation . It also put inSophia Genetics , Featurespace and Luminance , among others . And it appeared that this is the route that he had been planning to continue to pursue .
“ I am jubilant with today ’s verdict and grateful to the jury for their attention to the fact over the last 10 weeks . My deepest thanks go to my legal team for their unwearying work on my behalf , ” Lynch say at the fourth dimension of the acquittal in June . “ I am looking forward to returning to the U.K. and start out back to what I love most : my phratry and introduce in my field . ”
Our thought go out to Lynch ’s ( and Chamberlain ’s ) mob , supporter and colleague . We have also strain out to Lynch ’s spokespeople and will update this spot as we learn more .
