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Missing Tech Tycoon Mike Lynch's Business Partner Dies After Being Hit by a Car Days Before Yacht Sinking: Police

Missing tech tycoon Mike Lynch’s former business partner Stephen Chamberlain died after being hit by a car, police said

He was accused of fraud and conspiracy over allegedly inflating the company's earnings with Lynch ahead of an $11 billion deal with Hewlett-Packard, per The Times, TechCrunch and the Associated Press. Lynch remains missing along with his daughter Hannah and four others after the yacht they were aboard sank off the coast of Sicily on Monday, Aug. 19, following a serious storm, PEOPLE previously reported. The Italian Coast Guard said in a statement obtained by PEOPLE that the Bayesian, a 183-ft. yacht flying the U.K. flag, sank near Porticello around 5 a.m., local time on Monday after a "violent storm."

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