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

    By Chris Nesi,

    2024-08-20

    https://img.particlenews.com/image.php?url=20b0zY_0v45GVmK00

    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.

    https://img.particlenews.com/image.php?url=0YJMKi_0v45GVmK00
    Stephen Chamberlain, 52, co-defendant of British tech tycoon Mike Lynch, died after being struck by a car. Bav Media / SplashNews.com

    Chilling footage shows Bayesian superyacht slowly disappearing from view during raging storm

    https://img.particlenews.com/image.php?url=1dfUzU_0v45GVmK00
    Chamberlain was out running in Cambridgeshire when he was hit. Bav Media / SplashNews.com

    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.

    Entrepreneur tied to missing tycoon Mike Lynch shares theory about why doomed yacht sank

    Both men were acquitted last June.

    https://img.particlenews.com/image.php?url=3E9wFr_0v45GVmK00
    Mike Lynch remains missing after his yacht capsized in Sicily. Getty Images

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    Lynch’s wife, Angela Baceres, was rescued soon after the vessel went down after a major storm, but the British tech magnate — sometimes referred to as “the Bill Gates of the UK” — and his daughter, Hannah, are among six missing passengers who have yet to be found. The missing include four British nationals and two Americans.

    In a statement, Chamberlain’s family described him as, “an amazing individual whose only goal in life was to help others in any way possible.”

    His lawyer, Gary Licenberg, who defended him in the long-running San Francisco fraud case, called his client a “courageous man” who “fought successfully to clear his good name at trial earlier this year.”

    Chamberlain, 52, had been the vice president of finance at Autonomy, the sale of which prompted HP to sue Lynch and his colleagues, claiming they overstated the value of the company by billions.

    HP wound up taking an $8.8 billion writedown a year after the purchase, later blaming “accounting irregularities” for overpaying for the purchase.

    For top headlines, breaking news and more, visit nypost.com.

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    Comments / 30
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    Steven Horvath
    08-23
    It’s all very suspicious
    faith no more......
    08-22
    karma....fraudster
    View all comments
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