British technology tycoon Mike Lynch has been extradited to the US to face criminal charges.<br>The founder of software firm Autonomy, who was once dubbed the UK’s Bill Gates, will stand trial on charges including fraud, which he denies.<br>It comes weeks after he lost an appeal last month following an almost four-year court battle against extradition.<br>A Home Office spokesman said: ‘On April 21, the High Court refused Dr Lynch’s permission to appeal his extradition. As a result, the normal 28-day statutory deadline for surrender to the US applies.<br>’Dr Lynch was extradited to the US on May 11.'<br> Tech entrepreneur Mike Lynch, pictured at his Suffolk farm, has been extradited to the US<br> Entrepreneur Mike Lynch arrives for a hearing at the High Court in London in March 2019Β <br>His bail conditions mean he must now be confined to an address in San Francisco and be guarded by private security at his own expense.<br>Lynch, who is from Suffolk and has always denied any wrongdoing, could face 20 years in prison. His extradition was first ordered in January 2022.<br>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.<br>The deal quickly soured.
Within a year, HP wrote down the value of Autonomy by $8.8billion (Β£7billion) and later brought a civil lawsuit in London against Lynch and Autonomy’s former chief financial officer Sushovan Hussain.<br>In the lawsuit, a UK judge ruled in January 2022 that Lynch had masterminded an elaborate fraud to inflate the value of Autonomy, meaning the Silicon Valley company substantially succeeded in its civil case.<br>Lynch had said HP did not know what it was doing with Autonomy, and was out of its depth in understanding his technology.<br>Meanwhile, the US had brought criminal charges against Lynch for wire fraud and securities fraud.<br>He fought extradition proceedings but on April 21, London’s High Court refused him permission to appeal.
His lawyers had argued that he should be prosecuted in Britain.<br> Lynch has been extradited to stand trial over an alleged fraud linked to the 2011 sale of software firm Autonomy to Hewlett-Packard (file picture)<br>’The United States’s legal overreach into the UK is a threat to the rights of all British citizens and the sovereignty of the UK,’ Lynch said in April when his appeal was rejected.<br>His spokesman declined to comment to Reuters today.<br>Lynch pleaded not guilty to 17 counts in court in the US yesterday, court documents show, and a status conference will be held on May 19 to set a date for the trial.<br>His wealth was estimated at $450million (Β£360million) by the US courts.<br>In 2019, Lynch’s former colleague, Hussain, was convicted of fraud in the US and sentenced to five years in prison.<br>HP’s Autonomy takeover led to the ouster of Leo Apotheker as chief executive in September 2011, and HP subsequently said it had discovered massive accounting irregularities.<br>Autonomy founder Lynch has previously said that members of his management team were being unjustly blamed for the writedown.<br>Lynch’s high profile legal battles have also raised questions for Darktrace, a FTSE 250 British cyber security company.<br>Lynch was central to its creation and he and his wife Angela Bacares own about 10 per cent of the Β£2billion company, according to Refinitiv data.<br>Darktrace said in February that Lynch played no part in running it and was not on its board.<br>
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