Mike Lynch, founder of Autonomy, is missing after his superyacht sank off Sicily. One person has died; his wife was rescued. Lynch had been previously cleared of fraud.
The 56-meter superyacht, Bayesian, sank early Monday near Porticello, Palermo. Lynch, his wife Angela Bacares, and several others were on board when the incident occurred.
Lynch was recently cleared of fraud charges regarding inflated valuations of his company Autonomy, which had led to an $8.8 billion writedown by HP.
Facing serious allegations that could have resulted in a lengthy prison sentence, Lynch had maintained his innocence and was preparing to advocate for the wrongfully accused.
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