Missing tech tycoon Mike Lynch’s co-defendant in $11B fraud trial fatally struck by car just days before billionaire’s yacht tragedy

NYPost ^ | 8/21/24 | Chris Nessi

[CFW]

Missing UK tech billionaire Mike Lynch’s associate Stephen Chamberlain, who stood trial for fraud alongside him after the sale of software company Autonomy, died just days before the entrepreneur vanished in a shipwreck off the coast of Sicily.

Chamberlain was out for a run in Cambridgeshire, England, on Saturday when he was struck by a vehicle and died after being rushed to a nearby hospital.

Chamberlain and Lynch, who remains missing after a yacht he was on with his wife and 18-year-old daughter sank Monday, were co-defendants in the decade-long fraud case that arose after the $11 billion sale to Hewlett-Packard.

Both men were acquitted last June.

[Nachoman]

I wonder what kind of keel they used to compensate for that incredibly tall mast.

[Texan4Life]

Note to Self... Do not F around with HP...

Mike Lynch, his wife Angela Bacares, daughter Hannah and 19 guests were on the Bayesian superyacht for a “victory” trip celebrating Lynch clearing his name after a lengthy legal battle that saw him extradited to the United States last year to stand trial on fraud charges related to the $11 billion sale of Autonomy, to Hewlett Packard.

After HP took an $8.8 billion haircut on the value of the company within a year, Lynch was accused of conspiring to inflate its value and wire fraud but after a trial lasting three months a jury in a federal court in San Francisco acquitted him and co-defendant Stephen Chamberlain in June of all 15 counts.

It emerged Monday that former Autonomy Vice President Chamberlain was killed two days before Lynch.

The 52-year-old died in a road accident while out running in Stretham, 76 miles northeast of London, in rural Cambridgeshire.

https://www.upi.com/Top_News/World-News/2024/08/22/italy-mike-lynch-body-recovered/8051724329822/

[Texan4Life]

The chief engineer and a deckhand of Mike Lynch’s superyacht that capsized and sank off the coast of Sicily with the loss of seven lives are being investigated by Italian prosecutors for manslaughter.

Tim Parker Eaton, the ship engineer, is under suspicion of failing to protect the engine room and operating systems while Matthew Griffith, the deckhand, is being looked at because he was on night watch duty when the 184-foot Bayesian went down in a freak storm in the early hours of Aug. 19, according to a judicial source quoted by The Independent and The Guardian.

The two Britons join the captain, 51-year-old New Zealander James Cutfield, who was placed under investigation Monday, a day after prosecutors questioned him for two hours about how the vessel sank when experts said it should have been unsinkable if operated correctly.

https://www.upi.com/Top_News/World-News/2024/08/28/Italy-more-Bayesian-crew-probed/3041724853029/