Mike Lynch, a Cambridge-educated tech entrepreneur who sold his software company Autonomy to HP for $11 billion, was sued for $4 billion over alleged fraud when HP wrote off $8.5 billion. He was acquitted of all charges, then died in a yacht accident shortly after. His co-founder died in a car hit weeks later.
Chapters
The British Bill Gates. He grew up super poor, but he's a hard worker. He's smart, and he ends up getting a scholarship to go to school. And he says, I want to really make something of my life. He goes into Cambridge and he gets a PhD. He starts this company called Autonomy. He ends up selling it to HP for $11 billion. A couple of years later, HP ends up writing off $8.5 billion of that acquisition. And they say, you guys cooked the books. So they sue him. And in the suit, Mike Lynch owed $4 billion in damages that are still pending. The end of the story, he's acquitted on all charges. He's a free man. To celebrate, him, his family, his lawyers, they all get on a yacht and they start sailing. And mysteriously, there's a freak yacht accident and he dies. At the same time, 48 hours later, his co-founder, who was also acquitted on the same day of all the charges, is going for a run and gets hit by a car. It's kind of strange that this guy who was in this multibillion-dollar fraud suit, couple months after being acquitted, him and the co-founder both killed in freak accidents. Yeah.