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Keyword: mikelynch

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  • Trove of top-secret information may be trapped on $40M Bayesian yacht after deadly capsize: report

    09/22/2024 1:38:25 PM PDT · by bitt · 19 replies
    https://nypost.com ^ | 9/21/2024 | Katherine Donlevy
    A trove of top-secret documents and confidential data on foreign governments could be trapped inside the doomed Bayesian superyacht after the $40 million vessel capsized last month, killing its billionaire owner and six others last month, according to a report. Italian prosecutors ordered heightened security around the sunken boat to protect the sensitive information that they believe was stored in water-tight safes before the Aug. 19 tragedy, sources told CNN. Among the loot are two super-encrypted hard drives that hold highly classified information, including passcodes and other sensitive data, tied to a number of Western intelligence services, an official involved...
  • Hewlett Packard confirms it will pursue £3bn claim against Mike Lynch: Tragic tech mogul's widow could be liable as ex-minister condemns firm for 'picking on a bereaved family'

    09/02/2024 4:41:38 AM PDT · by Libloather · 17 replies
    Daily Mail ^ | 9/02/24 | Mark Duell, John-Paul Ford Rojas
    Hewlett-Packard Enterprise (HPE) could pursue the widow of British tech tycoon Mike Lynch for up to £3billion after his death in the Bayesian superyacht disaster. The US firm won a multi-billion-pound UK High Court claim against Dr Lynch in 2022, accusing him of fraud over its £8billion purchase of his company Autonomy in 2011. His death on August 19, when his £30million vessel sank during a freak storm off the coast of Sicily, means his family could be liable for any payout decided by the judge. And HPE is now expected to continue its case against his widow Angela Bacares...
  • Captain of Bayesian superyacht ‘investigated for manslaughter and shipwreck’

    08/26/2024 3:31:31 AM PDT · by protest1 · 35 replies
    The Daily Telegraph ^ | 26 August 2024 | Telegraph Reporters
    Captain James Cutfield, a 51-year old New Zealand national, is being investigated for manslaughter and shipwreck, the dailies La Repubblica and Corriere della Sera said. Magistrates spoke to Cutfield on Sunday for the second time in a week, la Repubblica reported, questioning him for more than two hours. It said prosecutors may also investigate a crew member who was on duty when the storm hit and survived the incident. ........... “The Bayesian was built to go to sea in any weather”, Franco Romani, a nautical architect that was part of the team that designed it told daily La Stampa in...
  • Body believed to be tech exec Mike Lynch’s daughter recovered after Bayesian yacht disaster as authorities reportedly open manslaughter probe

    08/24/2024 4:53:05 AM PDT · by Libloather · 26 replies
    NY Post ^ | 8/23/24 | Emily Crane, Richard Pollina
    The body of British tech tycoon Mike Lynch’s 18-year-old daughter was retrieved from the wreckage of the Bayesian superyacht Friday — as Italian authorities reportedly launched a manslaughter probe into what caused the tragedy. Hannah Lynch was the last remaining person still unaccounted for after the yacht sank off the coast of Sicily after being struck by a storm on Monday – sparking a massive search and rescue operation. “The Lynch family is devastated, in shock and is being comforted and supported by family and friends,” a family spokesperson said in confirming her body had been found Friday. “Their thoughts...
  • Mike Lynch confirmed dead after yacht sinking, say reports

    08/22/2024 4:47:13 AM PDT · by RandFan · 30 replies
    The Guardian ^ | Aug 22 | Jamie Grierson and Matthew Weaver
    The British tech entrepreneur Mike Lynch has been confirmed dead by search and rescue authorities after a yacht sank off the coast of Sicily during a violent storm, according to two news agencies. Lynch, 59, the founder of Autonomy Corporation, was among six people missing after the British-flagged 56-metre sailing boat Bayesian capsized at about 5am local time off the coast of Palermo when the area was hit by a tornado. Both Reuters and AFP news agencies reported that Lynch’s body had been recovered from the wreck, citing sources close to the rescue operation. ... Once described as Britain’s Bill...
  • Missing tech tycoon Mike Lynch’s co-defendant in $11B fraud trial fatally struck by car just days before billionaire’s yacht tragedy

    08/21/2024 1:26:08 PM PDT · by CFW · 42 replies
    NYPost ^ | 8/21/24 | Chris Nessi
    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...
  • Four bodies brought to shore from luxury yacht wreck off Sicily

    08/21/2024 9:25:14 AM PDT · by Red Badger · 21 replies
    BBC ^ | August 21, 2024 | Staff
    Four bodies brought to shore from boat wreckage published at 17:00 British Summer Time 17:00 BST Breaking Four bodies have now been brought to shore from the sunken yacht, the BBC has confirmed. The search continues for the two remaining passengers who are still unaccounted for. Italian authorities have not confirmed the identities of those recovered this afternoon. Search and rescue team return with another body bag published at 16:57 British Summer Time 16:57 BST Images are coming through of another body bag being brought to shore at the harbour in Porticello, Sicily where the search and rescue operation is...
  • British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily

    08/19/2024 12:01:39 PM PDT · by dynachrome · 44 replies
    CNBC ^ | 8-19-24 | Ryan Browne
    British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC. The sources, who preferred not to be named due to the sensitivity of the situation, said that Angela Bacares, Lynch’s wife, was confirmed as having been rescued. The superyacht, called the Bayesian, capsized at around 5 a.m. local time while anchored off the coast of Porticello, a small fishing village located in the province of Palermo in Italy, according to various media reports. The vessel was reportedly struck by an unexpectedly violent storm. At least...
  • UK tech Pioneer Mike Lynch Dead at 59 After Yacht Tragedy Off Sicily Coast

    08/21/2024 5:14:39 PM PDT · by nickcarraway · 31 replies
    The Register ^ | 21 Aug 2024 | Lindsay Clark
    UK software tycoon Mike Lynch has been found dead two days after he went missing in a sailing tragedy off the coast of Sicily. The news ends a period of speculation since reports emerged describing the British entrepreneur's disappearance after the Bayesian, the billionaire's 56-metre superyacht, went down near Porticello in violent storms at around 5am on Monday, local time. The accident came as 59-year-old Lynch was said to be looking forward to a new life following years of legal battles to clear his name and put the acrimonious sale of his analytics company, Autonomy, behind him. Lynch is remembered...
  • Rescue teams to try entering sleeping cabin of sunken Sicily yacht

    08/21/2024 2:57:40 AM PDT · by RandFan · 7 replies
    BBC ^ | Aug 21 | BBC
    This is a very challenging operation. Rescue services say they have teams of specialist divers who are used to working in small, cramped quarters. The depth of the shipwreck is proving a big challenge. They have also been hampered, we’ve been told, by the fact that the boat is lying on its side and the access points are choked with debris, so it’s very difficult to gain access to the yacht itself. What we understand is that they want today to try and get into a cabin where some of the missing may have been sleeping. The rescue services know...
  • Who is British tech tycoon Mike Lynch?

    08/20/2024 3:18:11 AM PDT · by RandFan · 16 replies
    BBC ^ | Aug 20 | BBC
    Mike Lynch, a British tech entrepreneur, and his daughter Hannah are missing after a luxury yacht sunk off the coast of the Italian island of Sicily. After co-founding British tech firm Autonomy in 1996, and backing several successful tech firms, the businessman was regarded by some as the UK's answer to Microsoft founder Bill Gates. One person is dead and six are missing after a 56m superyacht called Bayesian, which has been linked to Mr Lynch's family, sank following bad weather. His wife, Angela Bacares, has been rescued. The British tech tycoon made his riches by selling his company Autonomy...
  • Tech giant among missing after luxury yacht sinks in storm off Sicily

    08/19/2024 8:16:29 AM PDT · by BenLurkin · 39 replies
    ktla ^ | 08/19/2024 | Nicole Winfield
    British tech magnate Mike Lynch and several other people were among those missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch, who was acquitted in June in a big U.S. fraud trial, was among the six people who remain unaccounted for after their chartered sailboat sank off Porticello, when...a waterspout struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency. One body has been recovered, and police divers were trying to reach the hull of the ship, which was...
  • Colorado House GOP leader barely survives no-confidence vote over handling of drunken driving arrest

    01/23/2024 5:45:00 AM PST · by cotton1706 · 8 replies
    Denver Post ^ | 1/22/24 | Seth Klamann
    The embattled leader of Colorado’s House Republicans was nearly ousted Monday by right-wing members of his own caucus, throwing his leadership into doubt and reigniting lingering ideological tensions among Republicans. The vote — an even 9-9 split to keep Rep. Mike Lynch as minority leader — came five days after the details of Lynch’s 2022 arrest for drunken driving were first made public. The tie was the bare minimum that Lynch needed to maintain his position in leadership. Rep. Stephanie Luck, a member of the right-wing bloc that opposed Lynch staying on as leader, was not present because she recently...