Lynch, who faced 15 counts of fraud over $11.1bn purchase of Autonomy by HP, says he’s ‘elated’ and ‘grateful to the jury’
British tech tycoon Mike Lynch was found not guilty on Thursday on all 15 counts of fraud he faced over the $11.1bn purchase of his company Autonomy by
“I am elated with today’s verdict and grateful to the jury for their attention to the facts over the last 10 weeks,” Lynch said on Thursday. “My deepest thanks go to my legal team for their tireless work on my behalf. I am looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field.”Lynch himself testified as the final witness in the trial before jury deliberations.
For their part, prosecutors called Lynch the “driving force” at the helm of a years-long fraud, laying blame squarely at his feet as the CEO. They called more than 30 people to the stand, whom Lynch described as “a parade of witnesses I’ve never met”. Many had difficulty recounting specific conversations or recalling decisions made nearly a decade and a half ago.involved the company’s alleged concealment of its sales of hardware.
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