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UK Tech Entrepreneur Lynch Extradited To the US on Fraud Charges (reuters.com) 18

Mike Lynch, co-founder of UK software firm Autonomy, has been extradited to the United States to face criminal charges in a near decade-long legal battle and fall from grace for a man once hailed as Britain's answer to Bill Gates. From a report: Lynch faces 17 charges over Hewlett Packard's (HP) $11 billion acquisition of Autonomy, the company he grew into Britain's leading tech company, before it spectacularly unravelled after being bought by HP in 2011. Britain's interior ministry said on Friday that Lynch was extradited on May 11. He arrived in San Francisco on a commercial flight accompanied by U.S. Marshals, court documents show.

Appearing in court on Thursday, Lynch was ordered by a judge to pay a $100 million bond, hand over his passport and to be placed under 24 hour guard to secure his release. Lynch, 57, who has always denied any wrongdoing, could face 20 years in prison. Once lauded by academics, scientists and politicians for setting up a software giant from his ground-breaking research at Cambridge University, he has spent the last decade fighting lawsuits related to the HP takeover.

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UK Tech Entrepreneur Lynch Extradited To the US on Fraud Charges

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