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Tech tycoon Mike Lynch cleared of all fraud charges in Hewlett-Packard trial
Lynch faced 15 counts of fraud over the $11.1bn purchase of his company Autonomy by HP in 2011
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 Hewlett-Packard in 2011. He foisted blame for accounting irregularities – the source of HP’s claims of fraud after the deal had been completed – on other executives and the company’s employees. 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.
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